LSE Market News

Precious and base metals miner Mwana Africa plc (LSE:MWA) has more than doubled its gold production from its Zimbabwe mine for the first three months of the current financial year, as against the same period a year ago. In a statement released today, the AIM-quoted Africa-focussed resource company said it produced some 17,985 ounces of […]

Shares of Dragon Oil plc (LSE:DGO) were trading in the red today, despite an “eventful” first half of the year, as described by its Chief Executive Officer, Dr. Abdul Jaleel Al Khalifa. The Turkmenistan-focussed oil nd gas exploration, development, and production company said average daily production rate has increased by 10.7%, to 64,000 barrels of […]

Was Robby Burns thinking of the Royal Bank of Scotland (LSE:RBS) when he wrote that “the best-laid schemes o’ mice an’ men Gang aft agley?”  RBS is continuing to try to regain its footing after its £45 billion government bailout.  The bailout was not without obligations.  As it strategises to meet some of those obligations, […]

Uranium Resources plc (LSE:URA) said the company is “on course” to release its first JORC-compliant resource by the first quarter of 2013, following its fifth update on the company’s 100% owned Mtonya Project in Tanzania. In a statement released earlier today, the uranium explorer reported “significant intercepts” after drilling a total of 16,500 metres, including 650 parts […]

Shares of Red Emperor Resources NL (LSE:RMP) and Range Resources Limited (LSE:RRL) sunk deep at the start of week’s trading in London today, after disclosing today there were no “traces of oil” at the Shabeel North well following an open hole drill stem test (DST) announced last Wednesday, 18th July. According to the statement last […]

Shares of Tethys Petroleum (LSE:TPL) slid by 1.50 pence to 43.50 today, losing some of the momentum from yesterday’s 4.00 pence gain following its announcement of a major resource upgrade in its assets in Tajikistan. The Resource Upgrade Tethys announced yesterday that it had received an updated resource report from Gustavson Associates regarding the company’s […]

After three extensions, Goals Soccer Centre (LSE:GOAL) announced today it has finally reached the agreed amount for a possible takeover of the company by a Canada-based pension plan company for £73.1 million. The offer was made nearly three months after the company confirmed press speculations that the company is in talks with the Ontario Teachers’ […]

Home emergencies and repairs provider, Homeserve plc (LSE:HSV), said the company’s financial position remains strong as it continues to grow its international business and make progress in “simplifying and refocusing” its UK operations. The statement was issued today – two days after the company cleared rumours of takeover talks, which pushed HomeServe share prices by […]

Independent oil and gas explorer and producer, Gulf Keystone Limited (LSE:GKP) said it now has gross oil in place of about 12.4 billion barrels from its Shaikan block in the Kurdistan region in Iraq. The latest report is the fourth revision of the P90 estimates, indicating an increase of about 4.4 billion barrels from the […]

Lloyds Banking Group plc (LSE:LLOY) has agreed to sell 632 of its branches, including the TSB and Cheltenham & Gloucester brands, to the Co-operative Group plc for £350 million.  The deal will make The Co-operative Group a major competitor in British banking, as it will represent 7% of the UK banking network with about 4.8 […]