LSE Market News

Independent oil and gas explorer and producer Gulf Keystone Petroleum (LSE:GKP) saw its shares drop nearly 30% on the London Stock Exchange as news from the Middle East and Asia appeared to extinguish a potential takeover bid from Exxon Mobil. The share price had been on the increase as rumours of a takeover were spreading […]

Despite a difficult year in 2011, shares of Pace Plc (LSE:PIC) were up over 10% on the LSE today, trading at 89.50 pence following the release of the company’s preliminary results for the year. A Difficult Year Both the Japanese tsunami and the flooding in Thailand disrupted Pace’s supply chain, adversely affecting the company’s ability […]

Switzerland-based commodities giant Glencore (LSE:GLEN) International more than doubles its basic earnings per share (EPS) as it revealed its 2011 full year results, its last time to report before merging with global mining company Xstrata. Glencore, which became public in May last year, saw its Basic EPS jump 106% from US$0.35 to US$0.72, resulting from […]

Microsoft’s Windows on ARM Holdings (LSE:ARM) technology (WoA) for Windows 8 has begun to draw criticism from some observers subsequent to the release of the “Windows 8 Consumer Preview Product Guide for Business” with headlines such as “Windows 8 Tablets Could Be Risky Business” It should be noted that the criticism does not appear to […]

Scotland-based BBA Aviation (LSE:BBA) benefited from higher oil prices and acquisitions during the previous year as it revealed 17% increase in revenue for the 2011 financial year amounting to US$2.136 billion, acknowledging a slower than expected growth. Gaining US$303 million more from a year ago operations, the aviation support and aftermarket services group earned US$130.7 […]

ARM Holdings (LSE:ARM) CEO Warren East appeared on MSNBC in an interview conducted by Steve Sedgewick, Anchor of “Squawkbox Europe”, and guest host Moorad Choudhry, Treasurer, Corporate Banking, at RBS. Although the interview was conducted a month ago, Mr. East offered some salient insights about the business that underscore the company’s continuing outstanding performance as seen...

British pharmaceutical giant GlaxoSmithKline (LSE:GSK) will give up its existing development and commercial rights to several vaccines in favour of a joint venture with Japan’s leading pharmaceutical company Daiichi Sankyo Co. Ltd. Japan Vaccine Co. Ltd, the Joint Venture between GSK Biologicals and Daiichi Sankyo, will supply vaccines, already developed by both companies, for human […]

Mobile money solutions maker EServGlobal (LSE:ESG) makes its’ entry into Somalia as the company provides their PayMobile platform to Dubai-based GSM and 3G mobile operator, ASGSM.MOBI Limited. In a statement released Thursday, 1st March, eServGlobal will provide end-to-end solutions to include mobile wallet, mobile money, and mobile commerce services, such as cash-in/cash-out at...

International Airlines Group (LSE:IAG), the company formed from the merger of British Airways and the Iberia Group in January 2011, posted after tax profits of €555 million, or a 455% take-off from the €100 million posted in 2010 (the figure is based from the books of British Airways as the buyer of Iberia Group). But […]

For the ninth consecutive year, Standard Chartered (LSE:STAN) posted income and profit growth, beating the economic woes that have swept the banking industry in 2011. With an income growth of 10% from a year ago, the international banking group earned $17.6 billion and made a profit of $6.7 billion out it, representing an 11% increase […]