LSE Market News

RBS succumbs to Public Pressure

Jan 30 2012 @ 09:03
Royal Bank of Scotland Group (LSE:RBS) Chief Executive Officer Stephen Hester will no longer receive his £970,000 worth of RBS shares bonus. The decision came after the Labour Party leader Ed Miliband declared they will rouse the House of Commons to a vote over the controversial remuneration package. The news first broke out on Thursday, […]

BP will Pay Compensatory Damages Rules US Judge

Jan 27 2012 @ 10:12
BP (LSE:BP.) will have to shoulder compensatory damages claimed by third parties against its’ contractor, Transocean, in relation to the 2010 oil spill incident on the Gulf of Mexico. Judge Carl Barbier of the US District Court in New Orleans ruled yesterday in a 30-page document, that BP is to indemnify Transocean for their part […]

RBS Executive Receives Hostile Public Reception for Hefty Bonus

Jan 27 2012 @ 03:36
Royal Bank of Scotland (LSE:RBS) CEO, Stephen Hester bonus of £963,000 in shares has come under scrutiny from various parties. To the anger of many Britons, the board of directors of the state-owned bank awarded Mr. Hester with the annual bonus which a majority of ordinary workers struggle to earn in a lifetime. The move […]

Anglo American: Mixed results in the Last Quarter

Jan 26 2012 @ 09:08
Anglo American (LSE:AAL), one of the world’s largest mining companies, today said its production of iron ore and copper shot up in the fourth quarter of 2011.   However, the company said its’ diamond and platinum production lowered during the same period. How the metals performed The globally diversified miner reported a 5% increase in iron […]

HSBC: Under Investigation for Money Laundering

Jan 26 2012 @ 08:49
HSBC (LSE:HSBA) has confirmed an investigation has been launched by the US regulators on possible breaches in the Anti-Money Laundering and Bank Secrecy Acts. Spokersperson for HSBC, Robert Shermann, stated the US division of the UK-based bank is having ongoing discussions with officials on a number of regulatory and compliance matters. “The nature of these […]

West African Minerals Sells Ferrum Centrafrique

Jan 25 2012 @ 10:00
West African Minerals Corporation (LSE:WAFM) today announced it would let go of its wholly owned subsidiary Ferrum Centrafrique to AXMIN Inc., the Canadian-based gold exploration and mining company. Ferrum Centrafrique is legally registered in the Central African Republic and it has built a portfolio of iron ore assets in Africa. Reasons for the disposal Ferrum […]

Pan African EPS Up 83% in Six Months

Jan 25 2012 @ 09:43
Shares of gold explorer and producer Pan African Resources (LSE:PAF) are trading 8.1% higher than yesterday’s close to 16.75 pence after the company released Wednesday its earnings per share (EPS) topped 83% more than last year’s 0.55 pence for the six month period ending 31 December 2011. Headline earnings per share reached 93% higher than the previous […]

Caledonia Mining Aims to Produce 40,000 ounces of Gold in 2012

Jan 24 2012 @ 09:51
Caledonia Mining (LSE:CMCL) is aiming to produce 40,000 ounces of gold in 2012 from Blanket Mine, Zimbabwe. This projection is due to the impressive results the company realised in 2011. Blanket Mine is situated at about 150 Km south of Bulawayo, which is Zimbabwe’s second city. The mine was acquired from Kinross Gold in 2006. […]

Pinnacle Telecom Wins Bid to Wire BBC for 2012 Olympics

Jan 24 2012 @ 09:30
In a bid to cover the most anticipated event of the year, Pinnacle Telecom (LSE:PINN) has secured the contract to provide BBC International and its’ world media partners with data, connectivity, and voice services for the worldwide broadcast coverage of the 2012 London Olympics. With an audience of four billion expected to follow the event, […]

Goldplat Targets a Million Ounces of Gold Resources

Jan 23 2012 @ 09:53
Goldplat plc (LSE:GDP), an AIM-listed gold producing and exploration company, released operational updates today reflecting positive developments in its’ mining projects and processing plants in Africa. Speaking on behalf of the company, CEO Demetri Manolis expects to increase the total mining resource from three mining projects to be “in excess of 1 million ounces of […]
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