LSE Market News

It has been a non-stop news week for pharmaceutical giant AstraZeneca.  Its share price has jumped 186.0 in the last seven days from 3,050 to 3,236.  The stock hit a high of 3,273 at 9:40 this morning before receding to 3,250 by 12:30 pm. Massive Cutbacks On 18 March the company announced that it would […]

I advised shorting AIM listed financial services group CPP (LSE:CPP) back in the autumn on November 21st at 26.75p on the grounds that the bid talks it claimed to be in were just not going to result in any bid happening. And so it came to pass and the shares duly halved. The problem is […]

Cupid (LSE:CUP) has today issued a statement denying that it the Scottish headquartered online dating agency does anything wrong. I quote in full: “Cupid plc strongly refutes all allegations that its business model or practices and procedures are in any way fundamentally flawed, inappropriate or illegal. The directors believe that there has been a great […]

After a week of uncertainty, Cyprus has finally reached a deal acceptable to both its parliament and its international creditors. The deal, formally announced earlier today, will spare deposits below 100,000 euros from any levy, in accordance with EU principles, but deposits above the said amount, however, will bear the burden of raising the 5.8 […]

Shares in AIM listed Tanzania gold miner Shanta Gold (LSE:SHG) have not covered me in glory. It has not been a disastrous share tip but it would be a lie to say that the stock has flown. I did have hopes of lift off as the shares reached 24p in January but today they sit […]

AIM listed wannabee gold miner Chaarat Gold (LSE:CGH) has issued an update on its operations in the Kyrgyz Republic which is – on balance – very encouraging but hidden at the bottom of the text are a couple of minor blemishes. On balance it supports the very strong buy case but it is worth reading […]

If I had £100 for every time that in my 25 year career that a CEO told me “our low share price makes us vulnerable to a bid” I would right now be sitting in a luxury mansion in the Bahamas.  Very few CEOs whose company’s shares are on the up say this. But guess […]

The market has raced ahead this year but not all stocks have benefitted. I a special report due out at 8 PM Sunday Adnan Siddique will identify six recovery stocks still to recover. Buying for recovery is always a high risk/high reward strategy but if you want that sort of play, this report will make […]

On Friday I executed a volte face on online dating agency Cupid (LSE:CUP). I had tipped the stock but advised readers to sell and go short. Those who followed my tip on my Nifty Fifty website to buy at 185p would have sold at 112p losing 63p. Going short at the same price they would […]

BP plc (LSE:BP.) will embark on a shares buyback programme in the next 12 to 18 months after the receiving the proceeds from the sale of its stake in the TNK-BP venture, the London-based oil giant said earlier Friday. In a statement, BP said it is going to spend $8 billion from the $12.48 billion […]