LSE Market News

Irish independent oil and gas explorer, Providence Resources plc (LSE:PVR), is to attend a gathering of industry peers at a conference in Dublin today with fresh news that another of its acreage off the west coast of the state may contain a large deposit of hydrocarbon. In a statement, the London and Irish stock exchanges […]

Petrel Resources plc (LSE:PET) more than doubled its market value today and reached a 66-week high as the Irish-incorporated oil and gas explorer ventured to say there is about a billion barrels of oil potentially lying within its acreage at the highly prospective Atlantic waters west of Ireland. The company’s Managing Director, David Hogan, said a […]

International Consolidated Airlines Group (LSE:IAG) was out of the gate at 0700 this morning with its 3rd Quarter results.  One minute later the company announced that it was rushing subsidiary Iberian Airlines into the hanger for major repairs.  Given that the IAG share price was up 4.30 pence to 172.30 at 45 minutes past noon, investors […]

“The publication of today’s results closes a painful chapter in Lonmin’s history,” Roger Phillimore, Chairman of the Board of major platinum producer, Lonmin plc (LSE:LMI), began his message in the release of the company’s 2012 final results that drilled the company into a loss greater than that during the height of the global financial crisis […]

Vatukoula Gold Mines (LSE:VGM) has today announced that it has completed its botched replacement placing to raise £6.6 million gross from Chinese investor Zhongrun International Mining Co. Ltd at 33p a pop. The shares are now 32.5p. I can understand why folks are giving up on this one. Numerous placings – including this rather botched […]

Munitions company Chemring (LSE:CHG) announced this morning that the private equity firm Carlyle Group has indicated that, after two-and-one-half months of due diligence and negotiations, it will not pursue an interest in the company.  Chemring specializes in the manufacture of countermeasure devices and explosives as well as munitions.  This mornings announcement set off a veritable […]

Big words and ambitious plans by London Mining plc (LSE:LOND) met cold reception from investors on the London Stock Exchange today as share price dropped after the iron ore producer unveiled its expansion plans for its flagship Marampa mine in Sierra Leone. After reaffirming that the said mine is on track to deliver 1.5 million […]

Independent oil and gas explorer Gulf Keystone Petroleum Limited (LSE:GKP) said today, another well drilled from the Sheikh Adi block in the Kurdistan region in Iraq further strengthened its initial assessment of the hydrocarbon deposit previously estimated in the said acreage. In a statement, Gulf Keystone said the Sheikh Adi-2 well, the second well drilled […]

My July 2006 recommendation on t1ps.com (the site I founded in 2000 and edited until this September) of shares in specialist IT recruitment group, InterQuest (LSE:ITQ) is not one which has covered me in glory. Having tipped the shares at 67.5p, they traded above 80p until economic conditions darkened in the second quarter of 2008. […]

To lose five percent of a listed company’s market value may be considered small by some, but when it’s lost not by a penny stock but a FTSE 100 firm, you are sure the monetary equivalent is big enough for shareholders to scream their heads after realising how much they have lost at a trading […]