LSE Market News

Gold and copper explorer Triple Plate Junction plc (LSE:TPJ) disclosed Monday that their partner Newmont Ventures Limited decided to suspend drilling operations at the Morobe project in Papua New Guinea for six months, following a failure in discovering any significant deposit from its second exploration target. Gumots, one of the 15 prospective drill targets in […]

Range Resources Limited (LSE:RRL) has commenced preparations for the sale of its interest North Chapman Ranch Project in Texas, United States, following a reclassification that saw an increase in proven and probable reserves of the hydrocarbon acreage. The Australia-incorporated oil and gas exploration and production company hopes to dispose its 20%-25% interest in the North Chapman Ranch...

Argentina energy sector focused Andes Energia (LSE:AEN) plc announced today, it has secured 100% interests in four hydrocarbon licences in Argentina and one in Paraguay, boosting the companies 2P reserves and risked and unrisked prospective resources. Acquisition Details In a statement released to the public today, the power distributor and oil and gas explorer and […]

Ultra Electronics Holdings (LSE:ULE) shares dipped, then recovered today as the defence firm announced its latest in a recent series of acquisitions. After dropping several percentage points in the morning, the price per share had gained 14.00 pence to 1,689.00p by mid-afternoon. The company has exhibited strong growth in share price over the past five […]

IQE (LSE:IQE), the world’s leading supplier of semiconductor wafers, saw its share price surge today following its announcement that it will be taking over the manufacturing facilities of RF Micro Devices (RFMD) located in Greensboro, North Carolina, USA. The value of the stock had increased by 12.63% to 26.75p The Agreement RF Micro Devices is […]

Halfords Group (LSE:HFD) share price looked like a downhill slope of the Tour de France today as it continued its descent from the 546.00p peak it had reached in June 2010. After the company published its preliminary year end results, its price on the LSE continued coasting downhill to 247.80p, 28.10p (10.8%) lower than yesterday’s […]

The Board of Directors of consultancy firm Logica plc (LSE:LOG), announced today, it intends to “unanimously” recommend to its shareholders the cash offer made by CGI Inc. to acquire the company for £1.7 billion, putting the company at the top of the trading board on the London Stock Exchange in early morning trading. Acquisition Offer […]

Oil and gas explorer and producer Ithaca Energy (LSE:IAE) announced Monday, the “successful” commencement of oil production from the Athena Field in the UK Continental Shelf, welcomed by its joint venture partners, Trap Oil Group (LSE:TRAP) and Lochard Energy Group (LSE:LHD). “The initial operations phase of the field is in line with management’s expectations and […]

The share price of Helical Bar (LSE:HLCL) rose modestly today, following posting of the company’s final results. Price per share for the property development and investment firm was 169.00p by early afternoon, up 1.00p from yesterday’s close. Report Overview The most significant news in the report was that the company not only finished in the […]

Dairy Crest Group (LSE:DCG) had to write down the value of its dairies business by $70.7 million, wiping out adjusted pre-tax profit and posted a loss of £10.1 million, the company’s 2011-2012 financial results revealed. Its dairies business, which accounts for more than 65% of the total revenue, declined by £20 million to £1.069 billion […]