LSE Market News

Munitions company Chemring (LSE:CHG) announced this morning that the private equity firm Carlyle Group has indicated that, after two-and-one-half months of due diligence and negotiations, it will not pursue an interest in the company.  Chemring specializes in the manufacture of countermeasure devices and explosives as well as munitions.  This mornings announcement set off a veritable […]

Big words and ambitious plans by London Mining plc (LSE:LOND) met cold reception from investors on the London Stock Exchange today as share price dropped after the iron ore producer unveiled its expansion plans for its flagship Marampa mine in Sierra Leone. After reaffirming that the said mine is on track to deliver 1.5 million […]

Independent oil and gas explorer Gulf Keystone Petroleum Limited (LSE:GKP) said today, another well drilled from the Sheikh Adi block in the Kurdistan region in Iraq further strengthened its initial assessment of the hydrocarbon deposit previously estimated in the said acreage. In a statement, Gulf Keystone said the Sheikh Adi-2 well, the second well drilled […]

My July 2006 recommendation on t1ps.com (the site I founded in 2000 and edited until this September) of shares in specialist IT recruitment group, InterQuest (LSE:ITQ) is not one which has covered me in glory. Having tipped the shares at 67.5p, they traded above 80p until economic conditions darkened in the second quarter of 2008. […]

To lose five percent of a listed company’s market value may be considered small by some, but when it’s lost not by a penny stock but a FTSE 100 firm, you are sure the monetary equivalent is big enough for shareholders to scream their heads after realising how much they have lost at a trading […]

The chips are down this morning as ARM Holdings (LSE:ARM) has made yet another bold move to wrestle for dominance in the microprocessor sector of the technology market.  The share price of the UK’s leading Reduced Instruction Set Computer (RISC) processor-design firm was up 11.50 pence to 706.50, after having reached 735.00 in early trading. […]

Europa Oil & Gas (LSE:EOG) is set to become the second firm to potentially establish an oil and gas industry in Ireland should its initial analysis of the hydrocarbon potential beneath the Atlantic side of the Irish waters proved correct. In a statement today, the AIM-listed oil and gas explorer and producer said about 66 […]

Shares of Caza Oil & Gas, Inc. (LSE:CAZA) are enjoying their 64-week high today as its first operated well in the highly prospective Bone Spring formation south east of New Mexico, United States hit pay and further de-risked the acreage, which is now the focus of the firm’s exploration programme for the year. By 11:00 […]

It’s still the middle of the night in the UK as this story goes to press, but it’s a sure bet that HSBC (LSE:HSBA) execs are sleeping with one eye open tonight, if they are sleeping at all. Whilst analysts are expecting a strongly upscale 3rd quarter report at 08:15, it could be that no […]

I recommended AIM listed Turkey based gold mine developer Ariana Resources (LSE:AAU) on t1ps.com in August 2011 at 4.5p. The shares are now 1.6p and so clearly I have not exactly covered myself in glory. I met up for lunch with CEO Kerim Sener last week for a catch up. Is this a busted flush […]