LSE Market News

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 […]

Borders & Southern (LSE:BOR) share price took a dive of Olympic proportions this morning, falling over 70% on “disappointing” news from the Falklands. The share price had fallen from 62.25p to 17.20p at 8:38am, recovering slightly to 18.50p by 11:20am. Problems at Stebbing Well Borders & Southern is exploring for gas and oil in the […]

Shares in the small-cap oil and gas exploration company, Bayfield Energy Holdings plc (LSE:BEH), surged 38.5% today, the largest percentage gain on the London Stock Exchange today by more than 6%.  The share price has risen 5.00 pence to 18.00, recovering in a single day of trading what it had lost in the previous month. […]

Independent media communications firm Aegis Group plc (LSE:AGS) agreed to a takeover bid by Dentsu Inc., Japan’s top advertising company, in a deal that will “create a new global communications network for the digital age”, the London-listed FTSE 250 member said today. The British firm disclosed it received an offer of 240 pence a share, […]

Like a runner tripping near the finish line, G4S (LSE:GFS) share price stumbled today on the news that it would not be able to meet its contractual commitment to supply 13,700 security guards for the London Olympic Games.  The share price had dropped 7.30 pence to 283.10 by early afternoon as G4S made the headlines […]

Gold and precious metals producer Polymetal International plc (LSE:POLY) lost a tax dispute case and was ordered by the Russian Supreme Arbitration Court to pay 883 million rouble or US$27 million in additional tax, including fines and accrued interest, the Jersey-incorporated company said today. The case, decided on 10th July 2012, was in relation to […]

British luxury fashion icon Burberry Group plc (LSE:BRBY) drew first blood amongst the luxury brands as the company’s first quarter trading performance hinted slower growth in the high fashion sector. In the first quarter report released today, Burberry’s 11% rise total revenues missed analysts’ expectations of a 15% increase from last quarter’s performance, achieving only […]

The share price of Britvic (LSE:BVIC) tanked last week on the recall of Robinsons Fruit Shoot.  They are in the drink again today as the company announced that the impact of the recall is going to be greater than previously expected.  Following the original announcement the FTSE 250 company’s stock dropped 37.50 pence from 334.50 […]

GeoPark Holdings (LSE:GPK) share price rose 3.72%to 655.00p on the London Stock Exchange this morning on reports of positive exploration results from recently-acquired oil-field blocks in Columbia. Block Llanos (Flat) 34 GeoPark reported on discoveries in the Max and the Tua Oil Fields. In the Max Oil Field, the Max 1 exploration well is testing […]