LSE Market News

The price of oil is up.  Major stock indices are down.  Egypt is in crisis mode again.  Make that “Egypt is still in crisis mode.”  With the satellite news feed from Cairo, millions of people around the world are witnessing millions of Egyptians protesting against what looks like is going to be a short-lived Morsi […]

Michael Cawley to leave in 2014. Ryanair, described as being Europe’s only Ultra Low Cost Carrier (ULCC), has announced that Michael Cawley, its Deputy CEO and Chief Commercial Officer, has decided to step down from his full-time Executive role in 10 months’ time at the end of March 2014, as he wishes to pursue other […]

Regular private and institutional buyers of rough emeralds in Singapore will have to leave the Southeast Asian Lion City and fly over five thousand miles to the African state of Zambia if they want to purchase the vitreous green mineral mined from the world’s largest emerald mine. Mila Kunis, spokeswoman for Gemfields (LSE:GEM), maybe disappointed […]

Less than a fortnight after ADVFN reported that the Bank of England had publicly stated that the Royal Bank of Scotland (LSE:RBS) needs to raise £3.2 billion, the Church of England is reportedly heading a consortium that is about to drop some loose change into the offering plate. Most of the reports so far are more or less […]

The FTSE 100 has been regaining some of the ground today that it had lost last week after investors over-reacted to the U.S. Federal Reserve’s announcement that it would be taking no immediate actions to adjust interest rates.  But the International Airlines Group (LSE:IAG) was not doing its part, as its share price declined 3.30 […]

According to Direct Line (LSE:DLG) there are soon going to be nearly 2,000 red telephones on desks with  with no one to answer them.  Although the company bid farewell to several hundred employees in 2012, yesterday they announced another round of cost-reduction cuts that will send up to 2,000 more office and support staff directly to the […]

Up, up and away for new venture? Air BP, the aviation fuel services division of BP, has signed an agreement with Grupa Lotos to form a new joint venture to manage the supply, logistics and marketing of aviation fuel in Poland. The new joint venture, Lotos – Air BP Polska, will be formed by Air […]

It’s a game of good news / bad news for Carpetright (LSE:CPR) shareholders this morning.  But investors have responded positively today, pushing the share price up 13.0 pence (2.15% ) to 618.50 upon release of the company’s full-year results ending 27 April. Reading the report, one senses that Neil Page, Finance Director, and Darren Shapland, […]

Alternative Investment Market-listed firms, International Mining and Infrastructure Corporation plc (LSE:IMIC) and Afferro Mining plc (LSE:AFF) have signed a definitive arrangement agreement for the acquisition of Afferro Mining by IMIC, both firms announced earlier today. Afferro, which had earlier received several offers, including from IMIC, since December 2012, agreed to the 120-pence per...

Diversified mining giant Rio Tinto plc (LSE:RIO) will keep its diamond business, the London-based firm in the midst of a divestment programme to strengthen its balance sheet hit by higher cost and falling commodity prices last year, said Monday. In a statement, Rio Tinto said it decided to retain ownership of one of the largest […]