LSE Market News

Anglo American plc, South Africa’s largest employer and one of the world’s largest mining companies, added a further US$443 million of underlying earnings from its’ De Beers holdings. The announcement was made after De Beers posted US$968 million for the full year ending 31st December 2011. Anglo American holds 45% majority interest in the unquoted Luxembourg-based diamond producer...

Zenergy Power Plc (LSE:ZEN) reported a £20.6 million loss with the release of its audited preliminary results for the fiscal year ending December 31, 2011. What the Report Says The £20.6 million loss was in part due to the loss of £10.5 million in revenues as a result of discontinuing its’ superconductor operations in Germany […]

Croma Group (LSE:CMG) announced this morning that it has been awarded a contract worth £5.75 million over the next 5 years. Contract Details At this early stage, details are not forthcoming as to who awarded the contract, other than that it is “a major listed London property group”. The contract, worth £1.15 million per year, […]

Home repairs and insurance provider HomeServe (LSE:HSV) has commenced consultation with employees on the prospect of cutting 200 jobs from their outbound operations to reduce operating costs as a result of fewer customers in the UK. The decision came after the FTSE 250 company projected a loss of 8% of their customer, 3% higher than […]

Shares of mobile payment technology provider Bango (LSE:BGO) jumped 38.1% in early morning trading, after confirmation they had “signed an agreement to provide payment services” with Facebook. Bango shares are now up by 37.5 pence from yesterday’s close to 136 pence, adding to the increasing trend of their shares since February 1st, when it announced […]

SocialGO (LSE:SGO) stocks were on the rise today following an early morning Trading Update and an announcement of changes at the board of director level.  Positive response to the announcements was indicated by a 31.25% rise in its stock price on robust trading of 5.1 million shares. Report Features & Details Version 2 Software The report indicates […]

Europa Oil & Gas (LSE:EOG) announced today that it has had a “significant increase” in first half production and revenues compare to the same period last year. Results are for the period ending December 31, 2012. The Report First half revenues increased 61% to £2.4 million on the combination of increased output and the rise […]

Diamond mining and development company Firestone Diamonds (LSE:FDI) recovered three 100-carat diamonds from its’ 75% owned Liqhobong Mine in Lesotho. The three large 100-carat diamonds indicated an increase in higher clarity diamonds being recovered in the mine which has recently been producing than the budgeted grades of 38-carat per hundred tonnes and 115% mine call […]

Solo Oil Plc (LSE:SOLO) released an updated drilling report this morning for its Ntorya-1 exploration well.  The Ntorya-1 well is in the Ruvuma Basin in Tanzania. The company announced that the well has been drilled to a depth of 2,500 metres, but without reaching sandstone reservoirs as expected.  A prior drilling report released less than […]

Glencore International and Xstrata announced  a “merger of equals” to create a major natural resources group to form a combined market equity of market value of US$90 billion. The merger, according to Ivan Glastenberg, Chief Executive Officer of Glencore (LSE:GLEN) and a Non-Executive Director of Xstrata, will create a “new powerhouse in the global commodities […]