LSE Market News

The last three mines of the South Africa’s top producer of gold, AngloGold Ashanti Limited (LSE:AGD) have resumed operations as workers returned to the mines, while the company continues its dismissal proceedings for those who still refuse to accept the newly negotiated terms and ramps up operations ahead of its production update two weeks from […]

To give the Daily Mail credit it has now removed from its website the article suggesting that penny share dreadful oil producer and cash cow (for chairman Jim Ellerton but not for long suffering shareholders)  Sefton Resources (LSE:SER) was producing 220 bopd from 20 wells on its Tapia field. We all know (and the Mail […]

A day after the global mining powerhouse Anglo American plc (LSE:AAL) reported its production performance for the third quarter of 2012, the firm’s female CEO, Cynthia Carroll, declared she is stepping down from the post she held since 2007, a decision investors and market watchers cannot help thinking whether it is related with the recent […]

I have been a market reporter. I know how it works. Someone you know calls you with what seems like a good story. You run it. Your team is on the box that night. You file your article. Good job. But just occasionally you are being played. The question is by whom? And unless someone […]

What a difference 1% makes! News that the world’s eighth largest economy broke out of recession and grew by 1% during the third quarter of 2012 sent waves of reactions across different economic and social standings, giving a mix of positive and negative impressions highlighted by the media today. Whilst British Prime Minister, David Cameron, […]

The world’s largest supplier of platinum said production of the expensive material used in reducing carbon emission for the current year will be lower than previously estimated as work stoppage that hit the group’s mining operations in South Africa took a chunk of its production for the third quarter of the year and in October. […]

(A stealth team of traders is huddled in a dark corner of the London Stock Exchange.) “Men, we’re going to synchronize our watches to 11:59.  On my mark.  3 – 2 – 1 – mark!” KABOOM!!  It was the sound of the RB  ‘stock rocket’ engines igniting as the company released it’s 3rd Quarter results. […]

While a premature release of a financial statement cost one firm billions worth of its market value, one development in an oil and gas company’s interest nearly missed its chance to add value to AIM-listed Solo Oil plc (LSE:SOLO). But our resident analyst at ADVFN has recommended a buy on the stock hours before the […]

Independent oil and gas explorer Sound Oil plc (LSE:SOU) has been measuring up to its name recently (I’m not exactly saying it wasn’t doing that in the past) – being sound with decisions and strategies, whether in disposing assets or securing funding for existing operations. In less than a week, the company has negotiated deals […]

Sefton (LSE:SER) groupies are terribly excited that Mohammed El Fayed has picked up 15 million shares (just over 3%) of their company. Er up to a point. And it makes no difference. The stock is worthless. My target remains 0.1p and it is a stonking short. Here is why. The shares have actually been picked […]