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LSE Market News

Yell Group Seeks to Re-negotiate Loan

Nov 15 2011 @ 09:09
Telephone directories business Yell Group (LSE:YELL) has officially announced it is seeking to re-negotiate its loan term.  The company behind the British Yellow Pages has been struggling under debts of £2.6bn after borrowing heavily to fund European expansion, while it has also faced stiff competition from Google. On November 8, it announced it was speaking […]

Beowulf Mining slumps to 52-week low

Nov 14 2011 @ 10:54
Following a JORC report Beowulf Mining’s (LSE:BEM) share value has fallen to a 52-week low of 17.25 during morning trading, compared to a 52-week high of 76.75. The maiden Joint Ore Reserves Committee (JORC) report on Beowulf’s Kallak North iron ore site cited deposits of 131.6 million tonnes grading 28 per cent iron. Combined with […]

Rumours of Potential Gulf Keystone Buyout Hit BBs

Nov 11 2011 @ 10:41
Gulf Keystone Petroleum (LSE:GKP) shares were up 15% by mid-morning on Friday following news that Exxon Mobil has signed contracts with Kurdistan to explore the region for oil in northern Iraq. GKP investors took to the bulletin boards on ADVFN with speculation over a possible Exxon takeover of the independent oil & gas company. Exxon […]

TXO Up after RNS Release

Nov 11 2011 @ 10:19
The board of TXO (LSE:TXO) announced on Friday that it has issued Convertible Loan Notes totalling £961,200 to high net worth individuals, directors, advisors, and institutional investors to settle outstanding fees. The notes are due for repayment by 30 April 2013 or may be converted wholly or partially into TXO ordinary shares at 0.75p per […]

Angle Plc Up 29% After News Release

Nov 11 2011 @ 09:58
In an RNS update on Friday, Angle Plc (LSE:AGL) announced that Parsortix Inc, its 90% owned subsidiary specializing in medical diagnostics, has confirmed that its cell separation device can capture prostate cancer cells. The technology has previously been proven to capture breast cancer cells and this discovery is another step in demonstrating that Parsortix separation […]

Premier Foods Up Six Days Straight

Nov 11 2011 @ 06:32
Premier Foods Plc (LSE:PFD) was up 32.5% in the early afternoon on Friday, ending the week with its sixth consecutive positive day. Favourable news about the company has been released consistently since the start of November, boosting investor confidence. Directorate Change On 1 November, Premier Foods announced a shift in the structure of their leadership […]

Caledonia Mining Strikes Gold With Q3 Profits

Nov 10 2011 @ 11:35
Canadian-based Caledonia Mining (LSE:CMCL), traded on the AIM, is up 40% in mid-morning trading following an announcement of positive third quarter results. Caledonia Mining focuses its exploration and operations on Africa, with a gold mine in Zimbabwe, two platinum-nickel exploration projects in South Africa, and a cobalt-copper exploration project in Zambia. Operational Highlights The...

Kalimantan Gold Shimmers After Consistent Gains

Nov 10 2011 @ 10:55
The junior mining company is up nearly 30% over the last four days. Kalimantan Gold Corporation Limited (LSE:KLG) is an AIM listed mining company focused on gold, copper and coal prospects in Kalimantan, Indonesia. 10 November Press Release The company’s gains were perpetuated Thursday with a 6.5% increase in share price following a positive news […]

SacOil Shares Up Following Trading Statement

Nov 10 2011 @ 10:47
Sacoil Holdings (LSE:SAC) released a trading statement update on Thursday regarding an increase in its expected earnings for the six month period ending 31 August 2011. Shares for the South-African oil company were up 22% in the late morning following the announcement. The company stated: “The Group has reached reasonable certainty that its headline earnings […]

Ex-Banker Papademos Named Greek PM

Nov 10 2011 @ 06:24
Former European Central Bank Vice President Lucas Papademos was named Prime Minister of Greece on Thursday following days of negotiations. Papademos will be sworn in on Friday at 12:00 GMT. His appointment comes four days after George Papandreou agreed to step down amidst turmoil in the Greek government. Addressing his appointment, the 64 year old […]
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