LSE Market News

Jubilee Platinum: Buy Says Midas

Jan 16 2012 @ 11:14
Jubilee Platinum (LSE:JLP), a platinum producer operating in South Africa, saw its shares soaring to a third of its’ previous close. JLP stocks are trading at 16.35p as of press time, up by 4.125p from last Friday’s close. An article about the potential of the company referred the share price of JLP as a “bargain” […]

Robert Wiseman Dairies to be Sold for £279.5M

Jan 16 2012 @ 10:16
Robert Wiseman Dairies (LSE:RWD), one of UK’s leading provider of fresh milk, announced today, it has accepted the takeover bid by Muller Dairy (UK) Limited for £279.5 million. Shares of RWD have surged 59% from its January 12th trading prior to any announcement relating to any purchase offer, currently trading at 388.75p as of lunch […]

Genel Increases Chia Surkh Stake to Take Over as Sole Contractor

Jan 16 2012 @ 08:43
Genel Energy (LSE:GENL) said today that they will increase their interest in the Chia Surkh exploration block from 20 % to 80 %, thereby becoming the government’s sole contractor for the region. This initiative is largely seen as an essential strategy in the company’s attempts to strengthen its position in the region. Chia Surkh covers […]

Falkland Oil & Gas to Raise £48 Million in New Shares

Jan 13 2012 @ 08:58
AIM-listed exploration company Falkland Oil & Gas (LSE:FOGL) has announced today it will issue new shares to raise £48 million in line with the company’s drilling programme in the Falkland Islands. FOGL will commence trading of 112,764,675 new shares of 0.002 pence on 18 January at 43 pence per share, upon securing admission requirements, making […]

Gulf Keystone and Exxon Mobil silent on Fresh Speculation

Jan 12 2012 @ 09:12
Despite widespread circulation of rumours of a takeover bid, Exxon Mobil and Gulf Keystone Petroleum (LSE:GKP) have yet to issue statements to shed light into the matter. The Shaikan block has been accredited in holding an average of over 10 billion oil barrels, where Gulf Keystone has the majority working interest of 75% of the […]

Gulf Keystone Petroleum Stocks Spike Over Renewed Rumours

Jan 10 2012 @ 10:11
Stocks of AIM-listed Gulf Keystone Petroleum (LSE:GKP) closed on a high after GKP affirmed the authority of Government of the Kurdistan Region of Iraq over the company’s interests in the region, sparking renewed talks that a giant oil company may be interested in joining the oil exploration in the area or offering to buy the […]

Rock Solid Images Wins $1.1M Project

Jan 05 2012 @ 11:29
Rock Solid Images (LSE:RSI) released a statement Wednesday morning announcing a successful bid for a $1.1 million project awarded by a South East Asia national oil company prompting shares of this AIM-listed company to rise 55.6% at the close of the day’s trading to 1.75P with a total volume of 3,069,004. [2] Overview According to […]

Good News Continues to Pour Out of Angel Mining

Dec 23 2011 @ 09:58
Angel Mining (LSE:ANGM) shares continued their upward trend today as the company released the news that the Nalunaq mine had poured another 13.77 kilograms (428 ounces) of gold doré on Monday, December 19th. Angel stocks were up 26.09% on a volume of 43,032,669 shares. Update on Operations The is the 8th pour of gold doré […]

Optare Shares Down Despite Equity Investment & New Contract

Dec 20 2011 @ 08:49
Optare Plc (LSE:OPE) issued press releases today announcing the increased equity investment in the company by Ashok Leyland as well as the winning of a major contract for 190 of its midi-buses. Whilst this should be received well for stockholders, shares dropped 56.36% on a volume of 10,336,595 shares. The Announcements New Contract The new […]

Petroceltic Secure US$103 million Contract

Dec 19 2011 @ 11:47
Algeria’s Council of Ministers has approved the sale of an 18.375% interest in the Isarene PSC to Enel Trade SpA (Enel). The deal is set to mean a US$103million contract for oil and gas exploration and production company Petroceltic International (LSE:PCI). Deal Details • Agreed to pay up to US$ 36.75 million to Petroceltic, which […]
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