LSE Market News

British power company Scottish & Southern Energy (LSE:SSE) struck a deal with Shell Energy Europe for a 10-year supply of gas to commence in 2015. This is the second supply agreement SSE  has contracted for the past year, with the first one with Statoil being agreed in June 2011, which supplied 500 mcm annually for ten […]

Bowleven (LSE:BLVN) shares were steadily rising since the opening of trading fuelled by rumours of a bid by Africa’s independent oil giant Tullow Oil, hitting 86 pence a share at 11:30 GMT. But minutes after that, at exactly 11:40, Dragon Oil broke its silence and told the authorities it is them and not Tullow Oil […]

Impellam Plc (LSE:IPEL) shares were up 25p to £3.10/share this morning following the release of the company’s preliminary results for FY2011.  Trading remained light despite a very positive report. The Report By The Numbers Net profit was £24.2 million (an increase of £3.1 million over FY2010) on total revenues of £1.13 billion (an increase of […]

BAE Systems (LSE:BA.) took a significant cut in 2011 as headline sales for the year were down 14% from a year ago, citing reduction in defence spending from its major markets, the US and the UK, in what the company described as a “difficult business environment”. BAE lost about £3.121 billion worth of revenue, ending […]

The world’s third largest gold producer, AngloGold Ashanti (LSE:AGD) posted huge gains for the 2011 fiscal year with the balance sheets much healthier than the last, even taking into account a weaker last quarter. Shareholders will receive a final dividend of 200 South African cents per share for the last quarter, more than the combined […]

Shares in Active Energy Group (LSE:AEG) rose over 27% on trading following a trading update published this morning. Key Components of the Update The company reiterated its focus on the development of the Active Energy Ukraine business and successful deliveries against its first commercial contract.  Deliveries of 80,000 tonnes of wood chips to the Polish […]

Investor reaction to the Yell Group (LSE:YELL) Interim Management Statement seems to indicate a lack of confidence in the company’s attempts to redefine itself and grow its business in a rapidly changing market. Shares in the company declined 16% in early trading, compounded by the fact they have declined over 99% in the past five […]

Entertainment One Ltd (LSE:ETO) issued an Interim Management Statement & Strategic Update this morning that seems to have met with mixed reviews amongst its’ shareholders. Although most of the announcement was positive in nature, it appears that a lackluster performance by the distribution arm of the business, along with the decision of the board to withdraw […]

Shareholder value continues to rise on Shire Plc ‘s (LSE:SHP) stellar performance in the fourth quarter of 2011 with a phenomenal 47% increase in earnings over the same period in 2010. Price per share was up £32.00 at close of trading today, whilst speculation seemed to abound that the company may be ripe for a […]

Barclays (LSE:BARC) saw its adjusted profits before tax in the UK retail and business banking operation to rise sharply at 60% to £1.42 billion compared with £889 million it posted in 2010, figures shown in the last reported fiscal year. Barclays were able to increase profits in the retail and business banking division by 48% from £2.235 […]