LSE Market News

Central Asia-focused oil and gas exploration and production company Tethys Petroleum Limited (LSE:TPL) (TSX:TPL) now holds an estimated 27.5 billion barrels of oil equivalent (boe) from its Tajikistan, the company announced today. The latest estimate is a sharp increase in the previously estimated prospective resource of about 1.14 billion boe buried within the same basin […]

After reporting its best results ever this morning, Mobile Streams’ shares (LSE:MOS) dropped.  That’s right, they dropped . . . almost 9.5% to 24.00p, proving that life can often be a conundrum.  Who knows what investors are thinking? The Full Year Trading Update The company reported revenue of £20 million with no exceptional items.  Having […]

Coal gas developer Wildhorse Energy Limited (LSE:WHE) (ASX:WHE) has signed a Cooperation Agreement with the Government of Hungary to map the “legislative and regulatory framework” in connection with the development of underground coal gasification (UCG) project in the country, the company announced earlier today. The project is the first in Hungary and the Central and […]

AIM-quoted Leni Gas & Oil plc (LSE:LGO) announced today it has signed a sale and purchase agreement to divest its assets in Spain for €8 million to an unnamed private buyer. The transaction will be in cash and the buyer paid €200,000 non-refundable deposit to obtain exclusivity to complete the transaction by 27th July 2012. […]

Buy-out firm Melrose plc (LSE:MRO) has commenced dealing of newly issued shares today as part of the company’s plan to raise £1.2 billion to finance the proposed acquisition of Germany-based engineering company Elster Group SE. The more than 845 million new shares bear a fully underwritten rights issue, regarded by Melrose as the “most appropriate […]

The share price of Monetise (LSE:MONI) jumped more than 5% in early trading on the London Stock Exchange to 30.50 pence after the world’s leading m-commerce provider announced another projected record performance for their 2012 fiscal year ending 30 June.  Full results are to be published on 4 September 2012. Third Consecutive Double Digit Revenue […]

Oil and gas engineering firm Lamprell plc (LSE:LAM) was awarded the contract worth US$120.9 million to build a modified jackup for Seajacks to be constructed at the company’s facility in UAE. Lamprell’s fourth rig to be built for Seajacks, Seajacks Hydra will have a payload capacity of 1400 tonnes, accommodate 100 personnel, and will be […]

Multi-function semiconductors provider CSR Group plc (LSE:CSR) announced today it has entered into a conditional binding agreement to transfer its handset connectivity and location development operations and technology to Samsung Electronics Co. Ltd. for a cash consideration of US$310 million. Samsung will also invest $34.4 million in CSR in exchange for 4.9% of the issued […]

In a move totally unexpected by investors today, Royal Dutch Shell (LSE:RDSA) (LSE:RDSB) backed out of a bidding war against its rival, Thailand’s PTT Exploration & Production (PTTEP), to take over Cove Energy (LSE:COV). In a statement released an hour before London closed trading, Shell said “it will not take part in the Auction Procedure for […]

International private security group Group 4 Securicor (G4S) (LSE:GFS) said it will not be able to deliver the agreed number of guards for the 2012 London Olympic and Paralympic Games and anticipates a loss “in the range of £35 – £50 million” for the current fiscal year. The news was released late Friday, a day […]