LSE Market News

“We firmly believe we were not grossly negligent,” BP’s (LSE:BP.) General Counsel maintained as the UK oil giant is set to defend itself on Monday, 25 February, in a trial that will determine if there was gross negligence on its part that caused the Deepwater Horizon incident. In a statement released late yesterday, the firm’s […]

Brammer plc (LSE:BRAM) may not be a household name, even to investors, but it is a company worth watching. Brammer released its preliminary results for the year ending 31 December 2012, this morning.  The results include an 11.9% increase in revenue to a record £639.6 million, up from £571.5 in 2011.  That alone might be considered reason […]

Lloyds Banking Group (LSE:LLOY) has been ordered to pay fines in relation to the delays in the payment of the bank for the redress of the mis-sold payment protection insurance (PPI) to over 140,000 customers, who were supposed to receive the funds promptly,the FSA ruled. In a decision dated 15 February 2013, the regulator of […]

Finance ministers and central bank governors of the G20 member states pledged to take necessary actions to prevent the practice of tax base erosion and profit sharing, following the conclusion of the G20 summit in Moscow. The move came following the discovery in recent months that some multinational corporations had paid little or less taxes […]

British Pound Sterling fell to its lowest in nearly seven months against the US Dollar after Martin Weale, a member of the Monetary Policy Committee of the Bank of England said in a speech engagement last Saturday, 16 February, that the “most natural means” to reduce the UK’s trading deficit is for the currency to […]

I seem to have rather riled Sirius Minerals (LSE:SXX ) with a suggestion last week that it urgently need to issue equity.  The company has issued a statement today which says that “ The Directors of Sirius Minerals Plc, the globally diversified potash development group, would like to correct current misinformation about the Company’s financing […]

Amid a hectic day of writing ( my fifth article of the day is up already on www.TomWinnifrith.com and it is not yet 9 AM) – 2 stock specific stories and two picture stories exposing the vile bigotry of Ed Miliband and his fellow travellers on the left.  Meanwhile, I am celebrating the publication of […]

Ok, cut out the emails and stop pestering me. This report went out on onefreesharetip.com on Friday and it seems that stacks of punters could not be bothered to register (it costs nothing) and have now decided to plague me to send it to them. Okay, just to give my email in-box a break, here […]

The other day shares in London Capital Group (LSE:LCG)  rocketed skywards and the company then issued a statement admitting that it had received a batch of takeover bids. I seem to have offended a few folks by putting 2 + 2 together and – like 99% of the population – arriving at an answer of […]

Tech stocks are different. Well that is what those who promote them say. It will be different this time. We can capitalise whatever expenses we want so claim that we are making profits. A PE of 137 is justified because of our growth prospects. Our technology will change the world. So we must be massively […]