LSE Market News

Lloyds Banking Group Suffers £3.5 billion losses in 2011

Feb 24 2012 @ 11:24
Lloyds Banking Group (LSE:LLOY) reported an annual loss of £3.542 billion in 2011, a very steep downfall from the £281 million profit it made in 2010, citing the £3.2 billion Payment Protection Insurance (PPI) provision as the single biggest factor behind the loss. Still, Chief Executive António Horta-Osório said the Group delivered “a resilient performance […]

Berendsen Posts Positive Year End Results

Feb 24 2012 @ 10:39
Berendsen (LSE:BRSN) share prices were climbing today on the heels of this morning’s publication of their year-end results. Share prices were up over 9% by 42.00pence to 504.00p as of 12:56 pm GMT. Year End Results In announcing the results for the year ending 31 December 2011, the board attributed its excellent performance, at least in […]

Tower Resources: No Oil in Uganda

Feb 23 2012 @ 09:56
AIM-listed Tower Resources (LSE:TRP) saw its shares tumbled down 24.5% from its previous value at 2:00 PM, London Time, after a report that no oil was found in its Ugandan asset. Why has this occurred? The Mvule-1 well, the last of the three wells under the company’s 100% interest in the EA5 licence was drilled […]

Kier Group Business Strong - Outlook Conservative

Feb 23 2012 @ 09:25
Reaction to the release of the Kier Group’s (LSE:KIE) interim report for the first six months of their fiscal year was somewhat mixed this morning. Share price was down 8.4% and 125.00 pence per share although the actual results were quite positive. Shares were trading at 1,365.00 pence on very light trading as of 1:40 […]

Shell Offers $1.6 Billion for Cove Energy

Feb 22 2012 @ 09:32
Europe’s largest oil company, Royal Dutch Shell, declared its firm intention to acquire the British oil explorer Cove Energy for a tag price close to a £1 billion, official statements from both companies reported on Wednesday, 22nd February. Royal Dutch Shell, through its wholly-owned subsidiary, Shell Exploration and Production (“Shell Bidco”), is offering 195 pence […]

Asian Citrus Issues Strong Rebuttal to Inaccurate Reports

Feb 22 2012 @ 06:03
The share price of Asian Citrus Holdings Ltd (LSE:ACHL) fell in morning trading today following an unfavourable news article about the company published today in the Hong Kong based magazine “Next”. The price per share had fallen just over 8%, or 3.38 pence per share with over 5.4 million shares traded by 1:30pm GMT. The […]

Innovation Group Extends Contract with Australian Insurer

Feb 21 2012 @ 10:19
Specialist software solutions provider Innovation Group (LSE:TIG) extended its contract with one of Australia’s largest insurance company, whose entity is undisclosed. Innov[7]ation Group, a global provider of softwares applications, which is catered to the insurance industry, with an annual revenue of £175.9 million in 2011, said the contract will generate new software licences to the value...

SSE strikes 10-year contract with Shell

Feb 17 2012 @ 10:28
British power company Scottish & Southern Energy (LSE:SSE) struck a deal with Shell Energy Europe for a 10-year supply of gas to commence in 2015. This is the second supply agreement SSE  has contracted for the past year, with the first one with Statoil being agreed in June 2011, which supplied 500 mcm annually for ten […]

Bowleven: Dragon Oil Going in for the Kill

Feb 17 2012 @ 10:01
Bowleven (LSE:BLVN) shares were steadily rising since the opening of trading fuelled by rumours of a bid by Africa’s independent oil giant Tullow Oil, hitting 86 pence a share at 11:30 GMT. But minutes after that, at exactly 11:40, Dragon Oil broke its silence and told the authorities it is them and not Tullow Oil […]

Impellam Strategies are Reaping Rewards

Feb 16 2012 @ 09:05
Impellam Plc (LSE:IPEL) shares were up 25p to £3.10/share this morning following the release of the company’s preliminary results for FY2011.  Trading remained light despite a very positive report. The Report By The Numbers Net profit was £24.2 million (an increase of £3.1 million over FY2010) on total revenues of £1.13 billion (an increase of […]
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