LSE Market News

International bus and rail operator Stagecoach Group plc (LSE:SGC) said it is in a good start for the current financial year, despite a slight drop in profit in 2011, caused by the poor performance of its UK rail division. Reporting its final results for the year ended 30th April 2012, Stagecoach said it benefited from […]

Share price in the Edinburgh technology firm, Wolfson Microelectronics (LSE:WLF), continued its ascent that began in November 2011 when it had traded at 96.00 pence.  By noon today, 26 June 2012, shares continued climbing to 205.40 from yesterday’s close of 190.00. Major Deal with Samsung Announced Wolfson announced this morning that Samsung has been using […]

Carpetright plc (LSE:CPR) may have ended the 2011-2012 financial year with a reduced revenue, but Europe’s leading specialist floor coverings retailer still managed to boost year-end profit by more than 100%, thanks to the disposal of its property portfolio. The group, which posted a sharp drop in underlying profit by over 76% to about $4 […]

A sharp decline in Shire plc (LSE:SHP) share price dragged the FTSE 100 average down this morning.  When the company announced that it would have competition from a new generic drug, shares fell 250.00 pence to 1,716.00, a drop of 12.7% Adderall Market Share under Attack The decline in price this morning came in response […]

Cohort plc (LSE:CHRT) share prices took an upward trajectory today following release of final results and an announcement of winning a multi-million pound contract.   The share price has been in decline since 21 March.  The shares rose over the 100 pence mark for the first time since 02 April, reaching 107.00 by 1:00 p.m. UCT, an […]

The beleaguered RBS Group (LSE:RBS) came out swinging this morning in a sharply-worded statement, criticising Moody’s latest ratings released last evening.  Although the group’s share price dropped slightly following the opening bell this morning, it quickly recovered and was at 243.00 pence by 1:00 p.m. UTC.  Given the banks woes over the past year, and […]

Shares of Kazakhstan-focussed oil and gas exploration and production company Max Petroleum plc (LSE:MXP) crashed with more than half their value lost in London trading, after the company said its delayed-stricken drilling operation may cost them a total of US$43 million to complete, draining the company’s cash position. The NUR-1 well, spudded in November 2011 […]

Fifteen major global financial institutions were downgraded by Moody’s late last night, reflecting losses the ratings agency says are likely due to the current, ongoing volatile state of capital markets. Affected lenders included British banking giants Barclays, HSBC, RBS and Lloyds as well as Credit Suisse. The Swiss institution was dealt the harshest and most unexpected blow as...

Medgenics (LSE:MEDG) shares shot up 70.00 pence to 475.00, an increase of over 17%, this morning on the LSE.  The share price has risen over 170% in the last twelve months as the company continues impressive development of its proprietary Biopump™ technology. Today’s investor reaction follows the announcement of a major step forward in the […]

Ryanair (LSE:RYA) has placed an offer to acquire rival airline Aer Lingus (LSE:AERL) for the third time with the hope that the European Commission will finally approve the bid in light of the trend of consolidating flag carriers across Europe. Ryanair’s offer, released hours after trading closed in London on Tuesday, 19th June 2012, puts […]