LSE Market News

The world’s third-largest platinum miner, Lonmin (LSE:LMI), announced its six-month results this morning.  The news was a far cry from the year-end results they published on 09 November 2012.  The thing that stood out the most last November was Chairman Roger Phillimore’s statement that “The publication of today’s results closes a painful chapter in Lonmin’s […]

Profit up 2% on previous year BT have announced an annual profit of £2.5bn for the year up until 31 March, but said that revenue had fallen by 5% to £18bn. Commenting on the results Ian Livingstone, BT’s Chief Exectuive, argued that the results showed that the company had “a lot more to do but […]

The story has been brewing for a time now and the latest development reveals Slovenia, feared to be the next and sixth country to be bailed out by EU, is doing what it can to avert a financial meltdown that has caused quite a pandemonium in the five countries that secured the same since the […]

We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007.  The Nikkei Index broke past the 14,000 mark to 14,180 […]

Breaking the news gently must have been the goal of Standard Chartered plc (LSE:STAN) on releasing its performance for the first quarter of the year – the only one of the BIG FIVE in London that does that. But no matter how hard one tries to carefully craft the words, the glaring truth of the […]

Okay.  I admit it.  We’ve been hard on HSBC (LSE:HSBA) this past 12 months.  In fact, I gave them a pretty strong poke in the eye just two weeks ago today on 23 April, when I berated them for their treatment of the “little people.”  And I was a wee bit sarcastic about them about […]

Today is 02 May 2013.  What a day it is for the mining industry in general and for Glencore (LSE:GLEN) and Xstrata (LSE:XTA). As we reported on 16 April, the lengthy process of the merger of Glencore International and Xstrata has been consummated as anticipated.  Finally. The new company, Glencore Xstrata plc, with an estimated […]

Royal Dutch Shell (LSE:RDSA) investors were pleasantly surprised today when the company filed its First Quarter results.  Analysts had anticipated adjusted earnings to come in at, or near, the $6.5 billion mark, which would have been $800 million less than the first quarter of 2012.  Instead, Shell reported an increase year-on-year of 3% from $7.3 […]

Deal will supply gas throughout the UAE Shell has been chosen by the Abu Dhabi National Oil Company (ADNOC) to participate in a 30-year joint venture (JV) to develop the major Bab sour gas reservoirs in the Emirate of Abu Dhabi. Shell will hold a 40% equity stake in the JV, with ADNOC holding 60%. […]

I’m usually pretty hard on Lloyds (LSE:LLOY), I believe, rightfully so, in light of how the bank has conducted itself over the last decade.  On the other hand, there is no sport in kicking a man who is trying to get back up. When Lloyds released its First Quarter results this morning, its share price […]