LSE Market News

Britain’s second largest bank by asset, Barclays (LSE:BARC), is poised to expand its reach after agreeing to acquire a competitor’s savings and mortgage business in the UK to be added to the bank’s retail operation and said the deal will immediately be “accretive” to the bank’s return on equity. In a statement today, Barclays disclosed […]

After the revelation of government concerns left the proposed BAE-EADS merger up in the air like a hot air balloon with no place to land, BAE’s (LSE:BA.) single largest investor fired off some shots, any one of which could cause enough shareholder concern to blow a hole in the deal and bring it crashing to […]

Oil and gas explorer and producer Aminex plc (LSE:AEX) is to sell a portion of its stake in the newly discovered hydrocarbon basin in East Africa as the company seeks funding to continue its resource exploration in its asset in Tanzania. In a statement today, Aminex Chief Executive, Stuart Detmer said a formal farm out […]

AIM listed oil producing penny share dreadful Sefton Resources (LSE:SER) has today issued an RNS which is (by its standards) half way to being accurate. Even so, it is pretty grim. The shares have plunged by 14.5% to a new all time low of 1.325p but I remain of the view that they are worth no more […]

Unless certain conditions are met, the merger of BAE and EADS will not happen. There is concern on the parts of the BAE and both the US and British governments that the shareholdings and rights of governments involved in the proposed merger must be limited. Defense Secretary Philip Hammond said, “It is not, I think, necessary […]

I am bombarded with emails today insisting that Norseman Gold PLC (LSE:NGL) is in administration. It is not. I think I know where the confusion lies, let me explain. There has been no news from Norseman today ( contrary to assertions from some BB posters). However AIM listed North River Resources (LSE:NRRP) has issued the […]

 Ceres Power (LSE:CWR) has been another AIM listed darling of the fuel cell/green pie in the sky sector. Over the past few years it has raised £65 million to fund its dreams but the dream is now a nightmare. There are some who think that this company still has £10 million and is worth something. […]

Some 12,000 South African labour force lost their jobs today after the world’s largest platinum producer, Anglo American Platinum Limited (Amplats) – a subsidiary of global mining giant Anglo American plc (LSE:AAL), dismissed workers who did not show up during the disciplinary hearing set up by the company in connection with the strike of its […]

Kazakhstan-focussed exploration and development company Jupiter Energy (LSE:JPRL) has successfully found oil fifth in a row after drilling another exploration well in its 100% controlled licence in the Central Asian country, two months before the exploration licence expires at the end of 2012. In a statement today, Jupiter said J-55 well, the first of the […]

As you may be aware I am not a great fan of AIM listed penny share dreadful oil and gas outfit Sefton Resources (LSE:SER). Its RNS statements are a disgraceful exercise in smoke and mirrors. While investors have lost 98.5% since its IPO as the shares now languish at 1.575p, Chairman Jim Ellerton has trousered […]