Kenneth G. Mondero

The British economy is off to a “shaky start” in 2013 as businesses around the country became even more pessimistic of the plight of the economy in the next six months, according to a survey conducted by accountancy firm BDO. In a report published earlier today, BDO Optimistic Index continued to fall and reached a […]

AIM-quoted Stellar Resources plc (LSE:STG) nearly doubled its share price earlier today after the company revealed “very promising” assay results from its exploration program in the historic mining belt in Wales. In a statement, Stellar said the grab sampling programme done by Gold Mine of Wales (Operations) Ltd., a wholly-owned subsidiary of Victoria Gold Ltd […]

A week before it releases its full year results for 2012, Barclays plc (LSE:BARC) announced it has set aside an additional £1 billion to cover for the bank’s redress over mis-sold payment protection insurance (PPI) and interest rate hedging products sold to small and medium-size enterprises, UK’s second largest bank said on Tuesday. The bank, […]

Oil giant BP plc (LSE:BP.) will report less oil production by the end of 2013 compared to that in 2012 as the company continues to reshape its portfolio in line with its ten-point strategic plan to become a “safer, stronger company”, the London-listed firm said Tuesday. The statement came along with the company’s 2012 full […]

Mining giant Anglo American plc (LSE:AAL) is to post an underlying loss of US$225 million for the 2012 financial year for its platinum business after its 80%-owned Anglo American Platinum Ltd ended the previous year in a 180-degree turn from profit to loss, following a challenging trading environment. In a statement, the Johannesburg Stock Exchange-listed […]

FTSE 250 constituent firm, Salamander Energy plc (LSE:SMDR), opened on a high in early morning trading after the South East Asia-focussed oil and gas exploration and production company said it has discovered both oil and gas in one of its acreages in Indonesia. In a statement, Salamander said its South Kecapi well located in East […]

AIM-listed oil and gas exploration firm, New World Oil and Gas plc (LSE:NEW), saw its market value cut into half earlier today after the company said there was not enough oil to merit commercial production from its sidetrack well in its flagship project in Belize, Central America. Shares plunged over 50% to 3.852 pence minutes […]

A US court has accepted the guilty plea of oil giant BP plc over the Deepwater Horizon catastrophe in 2010 that claimed the lives of 11 workers and injured many others and resulted in the largest oil spill in the country’s history. The plea, a part of the deal made by BP with the US […]

Mining giant Anglo American plc (LSE:AAL) is to write down the value of its Minas-Rio iron ore project by US$4 billion two years before the project is expected to produce its first shipment, the company reported today. The announcement came alongside an increase in capital expenditure to the tune of US$8.8 billion, a figure the […]

A few minutes before the time of writing of this article (the reason I’m writing this article is because of it), I received an email from a Relationship Manager, the name of the person and the firm in which he is connected to I choose to rather omit, informing me of a new development that […]