LSE Market News

Solomon Gold Announces Resource Upgrade

Nov 30 2011 @ 10:01
Solomon Gold Plc (LSE:SOLG) announced on Wednesday a resource upgrade for their Rannes site in Central Queensland, Australia.  The news drove the share price up over 40% by mid-afternoon trading. The statement released by the company on 30 November informed investors that the Inferred Resource Estimate at the Rannes site has increased by 20% from […]

Angel Mining Share Price Drops

Nov 30 2011 @ 09:53
Angel Mining Plc (LSE:ANGM) released a statement containing unaudited financial information for the six month period ending 31 August, 2011.  The news propelled the share price down as far as 28% in early trading on Wednesday. Financial Results The company reported a loss of $1,654,000 for the period, a dramatic reduction from the same period […]

Cyan Holdings - Indian Smart Meter Market Development

Nov 30 2011 @ 05:50
In a news release distributed on Wednesday, Cyan Holdings Plc (LSE:CYAN) announced substantial developments in the Indian smart metering electricity market, prompting a share price increase of 46.3% to 0.79p by 4:00pm GMT. The announcement comes following The Smart Energy Conference, held in Delhi from the 14th to the 16th of November, where Cyan was […]

Thomas Cook shares rebound 34%

Nov 28 2011 @ 06:13
The share value of travel firm Thomas Cook (LSE:TCG) rebounded 34% during morning trading after reaching an agreement with its creditors . The Thomas Cook Group announced “a new facility that significantly improves the robustness of the Group’s financial position”. The news follows a 75% drop in share value last Tuesday after it was revealed that the firm’s […]

Serabi Gold Drilling Update Released

Nov 24 2011 @ 11:26
Serabi Gold Plc (LSE:SRB), a UK based gold exploration company with an operational focus on Brazil, released a statement on Thursday announcing positive preliminary results from drilling activities on the south-eastern strike extension of their Palito deposit.  The AIM traded company share price was up 2.5% at 3:11 pm GMT following the news release. Operational […]

Summit Receives Orphan Drug Status From FDA

Nov 24 2011 @ 10:47
Summit Corporation Plc (LSE:SUMM) shares were up 4.3% by 9:44 am GMT on Thursday following a press release by the company. According to the announcement, the drug discovery company’s SMT C1100 product, manufactured to treat Duchenne Muscular Dystrophy, was granted orphan drug status by the United States Food and Drug Administration. The SMT C1100 was […]

Bowleven Announces Further Discovery Offshore of Cameroon

Nov 24 2011 @ 08:30
Bowleven Plc (LSE:BLVN), an AIM traded oil & gas exploration company with operational focuses in West Africa, announced on Thursday further discoveries at its Sapele-3 exploration well off the coast of Cameroon. The company’s shares were down 1.4% at 11:47 am GMT to 73p. In the statement released, the company announced that the well drilling […]

Namakwa Diamonds Secures Loan Deal

Nov 23 2011 @ 11:06
African-based diamond miner and explorer, Namakwa Diamonds Limited (LON: NAD) announced today it has converted US$16.03m trading debt into 66,791,667 new ordinary shares. Approved by shareholders, the deal sees a $40m two-year secured term loan – of which $23 m has been drawn – continuing to remain available to the company. The conversion of debt […]

Berkeley Resources Announces Mineral Upgrade

Nov 23 2011 @ 11:02
Tailings processsing company Berkeley Mineral Resources (LSE:BMR) announced on Wednesday its continued verification and assessment work at the Kabwe mine in Zambia.  BMR shares were trading 4.3% higher at 2.4p by mid-morning trading. The announcement comes in connection with the pre-feasibility study being conducted on the resources at the project, washplant, slags, and leachplant...

Independent Resources Releases Year End Report

Nov 23 2011 @ 08:34
Independent Resources Plc (LSE:IRG) shares dropped 8.4% by 2:15pm GMT on Wednesday following the release of their results for the fiscal year ending 30 September 2011. The news release contained highlights from the year, a short statement by the company chairman, and a series of consolidated financial statements. In the announcement, the chairman admitted that […]
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