LSE Market News

No wonder the share price of PSG Solutions plc (LSE:PGS) skyrocketed over 20% this morning.  The company reported astounding results for the year ending 31 March 2012, including turnover that was more than triple year-on-year.  Operating profit increased by a factor of seven, and pre-tax profit was more than six times the previous year.  Plus, […]

British food producer Premier Foods plc (LSE:PFD) has disposed its flour business, one of the many divestments the company is doing, for £34 million to further trim down its business and pay off debts. The Elephant Atta, Elephant Chakki Gold, and Fassal brands, popular brands of flour used in making chapatti and other unleavened bread, […]

Shares in Sinclair Holdings plc (LSE:SNCL) bogged down today, slumping over 10% to an even 150.00 pence by the noon hour as the company issued a dismal trading update less than a month after releasing its first half results. The June Forecast Sinclair Holdings (aka William Sinclair) announced today that, further to their trading update of […]

Global engineering firm GKN plc (LSE:GKN) sealed the deal to acquire the aerospace division of Volvo AB for £633 million, in the company’s bid to become the market leader in the aero engine markets. The acquisition, rumours of which leaked last March 2012, will support the growth strategy of GKN’s aerospace division, which would account […]

It was difficult to see much investor confidence in Carillion’s (LSE:CLLN) trading statement released this morning.  Its share price continued the downward trend that has typified its course over the past twelve months.  Carillion shares fell 12.00 pence to 270.00 in early trading as investors may have difficulty accepting positive full-year projections in light of […]

Boomerang Plus plc (LSE:BOOM), an independent production company in the United Kingdom, is to be sold to a group led by former BBC1 Controller and Chief Executive Officer of Talkback Thames, Lorraine Heggessey, and re-launch the company under the a new name headed by the same management team. Boom Pictures Limited, the entity making the […]

Central America-focussed gold explorer Condor Gold plc (LSE:CNR) said its La India mining project in Nicaragua has the potential to support an open pit mining, sending the shares of the AIM-listed company to the top of the trading board in London today. Further results of the ongoing 7,000-metre drill programme showed “bonanza” gold grades referred […]

SkyePharma plc (LSE:SKP), the maker of Paxil CR and other time released pharmaceuticals, is enjoying the immediate benefit today of the announcement of the European Commission’s approval to commercialise Flutiform™.  SkyePharma shares jumped more than 28% to an even 100 pence. EC Approves and Shareholders Follow The Commission’s binding approval allowing SkyePharma to market Flutiform™ […]

Barclays’ (LSE:BARC) Chief Executive Officer Bob Diamond finally gave in and tendered his resignation with immediate effect a day before a parliamentary inquiry probes into the interest rate manipulation scandal the bank was accused of last week. Calls for his resignation were heard from the top officials of the British Government, including the Prime Minister […]

British web-based video editing developer Forbidden Technologies plc (LSE:FBT) announced today that its video editing platform will be used by the world’s largest online video site for the upcoming London 2012 Olympic Games, sending shares of the AIM-listed company to the top of the trading board. YouTube, part of the tech giant Google, will use […]