LSE Market News

Rubicon Diversified Investments Plc (LSE:RUBI) announced on Friday that it has raised £400,000 through a firm placing of 4,000,000 shares and a conditional placing of 36,000,000 shares at 1p with Lonrho Plc and some high net worth investors.  Shares in the company rose 225% to 2.6p before the markets closed for the weekend.   The […]

Range Resources Limited (LSE:RRL) shares shot up 16% to 10.2p this morning following their announcement of a 490% increase in proven reserves at their Trinidad site.  After the initial increase, shares settled down in mid-morning trading, up 7.8% to 9.5p at 10:38 am GMT. Trinidad Site Proven Valuable The company’s Proved Reserves in Trinidad were […]

Hasgrove Plc (LSE:HGV) released a trading update on Friday announcing lower profit expectations for the year ending 31 December 2011. Stocks were trading at 32p at 2:30pm GMT, down nearly 30% on the day. The statement reported that operating profits for the year were now expected to be £1.5 million, much lower than the current […]

Pace Plc (LSE:PIC) shares dropped 15% in mid-morning trading after an Interim Management Statement and Strategic Update was released by the company on Thursday. The statement released pertained to the period from 1 July 2011 until 16 November 2011. Trading Update and 2011 Outlook The company stated projected profits for the year to be $141 […]

In a statement released on Thursday, Mariana Resources (LSE:MARL), an AIM listed mining firm based out of Australia, announced that it has agreed to the terms of an investment by AngloGold Ashanti Limited, giving the gold giant a 19.9% stake in the company.  Mariana was up 32% in mid-day trading on Friday. Deal Details Subject […]

Aminex Plc (LSE:AEX) shares closed up 4.2% on Wednesday following the release of their Interim Management Statement. The AIM listed oil and gas company released this announcement pertaining to the period dating from 1 July until today. Among the highlights stated by the firm, their cash position as of 31 October was approximately £18 million, […]

Thor Mining Plc (LSE:THR) released a statement on Wednesday announcing a successful raise of capital totalling £270,000.  Shares were up 17.9% to 1.15p at 10:51 am GMT. The capital was raised by placing 27,000,000 Ordinary shares to UK sophisticated clients at 1p per share. The placement of funds is scheduled to be completed by 29 […]

In a press release on Wednesday, Game Group Plc (LSE:GMG) announced a significant reduction in profit, prompting a 38% drop in share price by the early afternoon. The Interim Management Statement indicated lower revenues year over year in all categories; software, hardware, pre-owned, and accessories. The company indicated that first week sales have remained high, […]

AEA Technology Group Plc (LSE:AAT) announced in a statement on Wednesday that profits for the 2011-2012 financial year will be dramatically lower than expected and that their CEO, Andrew McCree will step down from his position immediately. AEA shares were down 84.8% to 0.3p at 11:58 am GMT following the poor news. Reasons for Profit […]

Telephone directories business Yell Group (LSE:YELL) has officially announced it is seeking to re-negotiate its loan term.  The company behind the British Yellow Pages has been struggling under debts of £2.6bn after borrowing heavily to fund European expansion, while it has also faced stiff competition from Google. On November 8, it announced it was speaking […]