LSE Market News

Just one day after announcing a 300% increase in pre-tax profits and optimism that 2013 will be a better year operationally, Lonmin’s share price (LSE:LMI) took a hit when the company announced yet another labor-related problem at its Marikana mine.  Employees showed up for work, but refused to enter the shafts. Marikana had to suspend […]

BG Group intends to go back to its roots as a gas explorer and producer in the next five to 10 years in the hope to regain investor confidence in the independent gas firm. Chris Finlayson, the group’s Chief Executive, is to formally unveil the firm’s long-term strategies to a group of investors and analysts […]

Current Accounts to be backed by the exchange listed Bank of Ireland The Post Office has launched three new current accounts it argues offers “customers choice, good value, fair and transparent products with no hidden charges and access to the largest branch network in the UK”. The introduction of the Post Office current account, in […]

British Gas owners cite “result of the unusual period of extended cold weather” Centrica have argued that “as a result of the unusual period of extended cold weather, average residential gas consumption was 18% higher in the first four months of 2013 than in the same period in 2012”. Announced in the company’s Interim Management […]

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 […]