LSE Market News

BAE Systems takes a toll on defence cuts

Feb 16 2012 @ 06:34
BAE Systems (LSE:BA.) took a significant cut in 2011 as headline sales for the year were down 14% from a year ago, citing reduction in defence spending from its major markets, the US and the UK, in what the company described as a “difficult business environment”. BAE lost about £3.121 billion worth of revenue, ending […]

AngloGold Ashanti Finished Strong in 2011

Feb 15 2012 @ 11:32
The world’s third largest gold producer, AngloGold Ashanti (LSE:AGD) posted huge gains for the 2011 fiscal year with the balance sheets much healthier than the last, even taking into account a weaker last quarter. Shareholders will receive a final dividend of 200 South African cents per share for the last quarter, more than the combined […]

Active Energy Issues Positive Trading Update

Feb 14 2012 @ 09:15
Shares in Active Energy Group (LSE:AEG) rose over 27% on trading following a trading update published this morning. Key Components of the Update The company reiterated its focus on the development of the Active Energy Ukraine business and successful deliveries against its first commercial contract.  Deliveries of 80,000 tonnes of wood chips to the Polish […]

Yell Group: Seeking Alternative Methods

Feb 14 2012 @ 08:54
Investor reaction to the Yell Group (LSE:YELL) Interim Management Statement seems to indicate a lack of confidence in the company’s attempts to redefine itself and grow its business in a rapidly changing market. Shares in the company declined 16% in early trading, compounded by the fact they have declined over 99% in the past five […]

Entertainment One Interim Report Includes Major Strategic Change

Feb 13 2012 @ 11:03
Entertainment One Ltd (LSE:ETO) issued an Interim Management Statement & Strategic Update this morning that seems to have met with mixed reviews amongst its’ shareholders. Although most of the announcement was positive in nature, it appears that a lackluster performance by the distribution arm of the business, along with the decision of the board to withdraw […]

Shire Subject of Speculation Subsequent to Stellar Showing

Feb 13 2012 @ 09:34
Shareholder value continues to rise on Shire Plc ‘s (LSE:SHP) stellar performance in the fourth quarter of 2011 with a phenomenal 47% increase in earnings over the same period in 2010. Price per share was up £32.00 at close of trading today, whilst speculation seemed to abound that the company may be ripe for a […]

Barclays Suffers Mixed Results

Feb 10 2012 @ 11:14
Barclays (LSE:BARC) saw its adjusted profits before tax in the UK retail and business banking operation to rise sharply at 60% to £1.42 billion compared with £889 million it posted in 2010, figures shown in the last reported fiscal year. Barclays were able to increase profits in the retail and business banking division by 48% from £2.235 […]

Anglo American adds $443M more profits from De Beers

Feb 10 2012 @ 10:46
Anglo American plc, South Africa’s largest employer and one of the world’s largest mining companies, added a further US$443 million of underlying earnings from its’ De Beers holdings. The announcement was made after De Beers posted US$968 million for the full year ending 31st December 2011. Anglo American holds 45% majority interest in the unquoted Luxembourg-based diamond producer...

Zenergy Announces Year End Results

Feb 10 2012 @ 08:48
Zenergy Power Plc (LSE:ZEN) reported a £20.6 million loss with the release of its audited preliminary results for the fiscal year ending December 31, 2011. What the Report Says The £20.6 million loss was in part due to the loss of £10.5 million in revenues as a result of discontinuing its’ superconductor operations in Germany […]

Croma Group Lands Lucrative Contract

Feb 09 2012 @ 08:38
Croma Group (LSE:CMG) announced this morning that it has been awarded a contract worth £5.75 million over the next 5 years. Contract Details At this early stage, details are not forthcoming as to who awarded the contract, other than that it is “a major listed London property group”. The contract, worth £1.15 million per year, […]
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