LSE Market News

A sharp decline in Shire plc (LSE:SHP) share price dragged the FTSE 100 average down this morning.  When the company announced that it would have competition from a new generic drug, shares fell 250.00 pence to 1,716.00, a drop of 12.7% Adderall Market Share under Attack The decline in price this morning came in response […]

Cohort plc (LSE:CHRT) share prices took an upward trajectory today following release of final results and an announcement of winning a multi-million pound contract.   The share price has been in decline since 21 March.  The shares rose over the 100 pence mark for the first time since 02 April, reaching 107.00 by 1:00 p.m. UCT, an […]

The beleaguered RBS Group (LSE:RBS) came out swinging this morning in a sharply-worded statement, criticising Moody’s latest ratings released last evening.  Although the group’s share price dropped slightly following the opening bell this morning, it quickly recovered and was at 243.00 pence by 1:00 p.m. UTC.  Given the banks woes over the past year, and […]

Shares of Kazakhstan-focussed oil and gas exploration and production company Max Petroleum plc (LSE:MXP) crashed with more than half their value lost in London trading, after the company said its delayed-stricken drilling operation may cost them a total of US$43 million to complete, draining the company’s cash position. The NUR-1 well, spudded in November 2011 […]

Fifteen major global financial institutions were downgraded by Moody’s late last night, reflecting losses the ratings agency says are likely due to the current, ongoing volatile state of capital markets. Affected lenders included British banking giants Barclays, HSBC, RBS and Lloyds as well as Credit Suisse. The Swiss institution was dealt the harshest and most unexpected blow as...

Medgenics (LSE:MEDG) shares shot up 70.00 pence to 475.00, an increase of over 17%, this morning on the LSE.  The share price has risen over 170% in the last twelve months as the company continues impressive development of its proprietary Biopump™ technology. Today’s investor reaction follows the announcement of a major step forward in the […]

Ryanair (LSE:RYA) has placed an offer to acquire rival airline Aer Lingus (LSE:AERL) for the third time with the hope that the European Commission will finally approve the bid in light of the trend of consolidating flag carriers across Europe. Ryanair’s offer, released hours after trading closed in London on Tuesday, 19th June 2012, puts […]

Coloured gemstones producer Gemfields plc (LSE:GEM) dropped 7.6% at the London Stock Exchange today following the results of the auction held by the company in Jaipur, India, which only sold a little more than a third of all the emeralds placed on offer. The Zambia-focussed explorer, miner, and seller only sold 3.47 million out of […]

Rio Tinto (LSE:RIO) shares were up 49.50 pence to 3,100.50 today as the company dominated financial headlines on several continents.  Rio’s share price had been in decline since 03 February through to 01 June, when it reached a low of 2,772.  As the upward trend continued today, it may be that long-haul investors are on-board […]

Chemring (LSE:CHG) shares dropped over 8% today following its reporting of its half year results to 30 April 2012.  The share price had fallen by 26.80 pence to 296.60 by 1:00 p.m. UCT. Highlights of the Report Although total revenue was up 4% from continuing operations (that is, excluding the Marine division which was sold […]