LSE Market News

Surface coal mines operator ATH Resources (LSE:ATH) lost more than a fifth of its market value today, after the UK-based company disclosed it may be ending the current fiscal year with about £6 million in loss of revenues and costs. Trading on the Alternative Investment Market of the London Stock Exchange, ATH Resources closed at […]

21st Century Technologies (LSE:C21) continued to rise on the London Stock Exchange today following the release of its final results for the year ending December 31, 2011. The year end results were so strong that the company has declared a one-off payment to shareholders of 3.5pps. Only a fortnight ago the company share price rose […]

In a statement released today, ADVFN (LSE:AFN) announced it will be partnering with TheStreet, Inc., a US-based financial news and services website founded by host of CNBC’s “Mad Money” and former hedge fund guru Jim Cramer. ADVFN will distribute TheStreet’s core premium products to its various markets across the globe. The partnership comes as ADVFN […]

UK’s oil giant BP (LSE:BP.) is one step closer to its US$38 billion divestiture programme as the company announced it is giving up its southern gas assets in the North Sea for US$400 million. Europe’s second largest oil company, BP has been selling off assets since 2010, to fund costs resulting from the most expensive […]

Drilling at a controversial BP (LSE:BP.) deepwater oil well off the coast of the Shetland Islands could begin within days in spite of recent controversy over the well’s environmental impact. The oil giant was given the go ahead to begin drilling after thorough review of the well’s environmental impact and emergency contingency plans by the […]

GlaxoSmithKline (LSE:GSK), the pharmaceutical giant, announced today that it will be investing £500M in manufacturing, including a brand new £350M manufacturing facility in Ulverston, Cumbria. The remaining investment will be used for improvements to existing factories in Scotland and England, where key ingredients in the company’s vaccines are manufactured. The investment, strengthening...

British consultancy firm Sweett Group (LSE:CSG) announced they had been awarded a contract by the Australian Department of Defence in the value of £80 million, which caused shares to climb more than 12% by mid-day trading in London. The Contract The new contract is an addition to Sweett Group’s portfolio in Australia, which includes the Defence […]

3Legs Resources (LSE:3LEG) announced in a company update this morning that ConocoPhillips will be exercising is call option for three of its exploration concessions in the Baltic Basin region of Poland.  Share prices has risen about 7% by midday on the London Stock Exchange. What the Update Mean 3Legs entered into an agreement with ConocoPhillips in 2009 […]

AIM-quoted clean fuel technology manufacturer ITM Power (LSE:ITM) announced it had signed the company’s first supply and distribution agreement, granting exclusive rights to market its products in South East Asia to a Singapore-based company. Horizon Fuel Cell Technologies, an international provider of commercial micro-fuel cell products established in Singapore, was given the exclusive rights...

Hector Sants, chief executive of the Financial Services Authority (FSA), announced today that he will resign from his post in June. This sudden resignation leaves the regulatory body reeling, as several senior employees have also resigned. Sants was expected to oversee the FSA’s transition to the “twin peaks model,” effective April 2nd.  Under this structure, the […]