LSE Market News

Pace Plc (LSE:PIC) shares dropped 15% in mid-morning trading after an Interim Management Statement and Strategic Update was released by the company on Thursday. The statement released pertained to the period from 1 July 2011 until 16 November 2011. Trading Update and 2011 Outlook The company stated projected profits for the year to be $141 […]

In a statement released on Thursday, Mariana Resources (LSE:MARL), an AIM listed mining firm based out of Australia, announced that it has agreed to the terms of an investment by AngloGold Ashanti Limited, giving the gold giant a 19.9% stake in the company.  Mariana was up 32% in mid-day trading on Friday. Deal Details Subject […]

Aminex Plc (LSE:AEX) shares closed up 4.2% on Wednesday following the release of their Interim Management Statement. The AIM listed oil and gas company released this announcement pertaining to the period dating from 1 July until today. Among the highlights stated by the firm, their cash position as of 31 October was approximately £18 million, […]

Thor Mining Plc (LSE:THR) released a statement on Wednesday announcing a successful raise of capital totalling £270,000.  Shares were up 17.9% to 1.15p at 10:51 am GMT. The capital was raised by placing 27,000,000 Ordinary shares to UK sophisticated clients at 1p per share. The placement of funds is scheduled to be completed by 29 […]

In a press release on Wednesday, Game Group Plc (LSE:GMG) announced a significant reduction in profit, prompting a 38% drop in share price by the early afternoon. The Interim Management Statement indicated lower revenues year over year in all categories; software, hardware, pre-owned, and accessories. The company indicated that first week sales have remained high, […]

AEA Technology Group Plc (LSE:AAT) announced in a statement on Wednesday that profits for the 2011-2012 financial year will be dramatically lower than expected and that their CEO, Andrew McCree will step down from his position immediately. AEA shares were down 84.8% to 0.3p at 11:58 am GMT following the poor news. Reasons for Profit […]

Telephone directories business Yell Group (LSE:YELL) has officially announced it is seeking to re-negotiate its loan term.  The company behind the British Yellow Pages has been struggling under debts of £2.6bn after borrowing heavily to fund European expansion, while it has also faced stiff competition from Google. On November 8, it announced it was speaking […]

Following a JORC report Beowulf Mining’s (LSE:BEM) share value has fallen to a 52-week low of 17.25 during morning trading, compared to a 52-week high of 76.75. The maiden Joint Ore Reserves Committee (JORC) report on Beowulf’s Kallak North iron ore site cited deposits of 131.6 million tonnes grading 28 per cent iron. Combined with […]

Gulf Keystone Petroleum (LSE:GKP) shares were up 15% by mid-morning on Friday following news that Exxon Mobil has signed contracts with Kurdistan to explore the region for oil in northern Iraq. GKP investors took to the bulletin boards on ADVFN with speculation over a possible Exxon takeover of the independent oil & gas company. Exxon […]

The board of TXO (LSE:TXO) announced on Friday that it has issued Convertible Loan Notes totalling £961,200 to high net worth individuals, directors, advisors, and institutional investors to settle outstanding fees. The notes are due for repayment by 30 April 2013 or may be converted wholly or partially into TXO ordinary shares at 0.75p per […]