LSE Market News

Ferrex Plc (LSE:FRX) published a Resource Drilling update on its operations in Africa prompting a share price increase of 18.07% on volume of 4,005,513 by late-morning trading. Update on Operations Dave Reeves, Ferrex Managing Director, summarised the positive report saying that two projects in particular, the Nayega Manganese Project in Togo and the Malenane Iron […]

Iron ore producer London Mining (LSE:LOND) sends off its’ first ship loaded with 49,656 wet metric tonnes (“wmt”) of iron ore from their Marampa Mine in Sierra Leone, which is bound for Europe. This is the first of the three shipments scheduled to deliver London Mining’s produce, with the second ship bound for China and the third to be provided to Glencore, […]

CareCapital Group (LSE:CARE) shares rose a stellar 145% today following the release of their annual trading update for presentation at the company’s Annual General Meeting today. Operations Update Although previously approved by the shareholders, the commentary in the Trading Update regarding the November 2011 sales of their entire German operations portfolio laid a solid foundation...

Shares of Carpetright took an 8% dip today upon publication of the company’s Interim Management Statement for the 3rd Quarter, which ended on January 21, 2012. Report Details The folowing information is taken directly from the Interim Management Statement Group sales were down 3.8% for the Quarter. UK sales were down 4.8% for the Quarter. […]

Matra Petroleum (LSE:MTA) announced today that drilling plans for some of its operations will be delayed for 4-6 weeks due to circumstances beyond its own control. Update on Operations The company cited weather conditions, specifically, snow accumulation and spring melting in the area of the Sokolovskoe mining field for potential delays in commissioning and startup […]

Royal Bank of Scotland Group (LSE:RBS) Chief Executive Officer Stephen Hester will no longer receive his £970,000 worth of RBS shares bonus. The decision came after the Labour Party leader Ed Miliband declared they will rouse the House of Commons to a vote over the controversial remuneration package. The news first broke out on Thursday, […]

BP (LSE:BP.) will have to shoulder compensatory damages claimed by third parties against its’ contractor, Transocean, in relation to the 2010 oil spill incident on the Gulf of Mexico. Judge Carl Barbier of the US District Court in New Orleans ruled yesterday in a 30-page document, that BP is to indemnify Transocean for their part […]

Royal Bank of Scotland (LSE:RBS) CEO, Stephen Hester bonus of £963,000 in shares has come under scrutiny from various parties. To the anger of many Britons, the board of directors of the state-owned bank awarded Mr. Hester with the annual bonus which a majority of ordinary workers struggle to earn in a lifetime. The move […]

Anglo American (LSE:AAL), one of the world’s largest mining companies, today said its production of iron ore and copper shot up in the fourth quarter of 2011.   However, the company said its’ diamond and platinum production lowered during the same period. How the metals performed The globally diversified miner reported a 5% increase in iron […]

HSBC (LSE:HSBA) has confirmed an investigation has been launched by the US regulators on possible breaches in the Anti-Money Laundering and Bank Secrecy Acts. Spokersperson for HSBC, Robert Shermann, stated the US division of the UK-based bank is having ongoing discussions with officials on a number of regulatory and compliance matters. “The nature of these […]