LSE Market News

Unless certain conditions are met, the merger of BAE and EADS will not happen. There is concern on the parts of the BAE and both the US and British governments that the shareholdings and rights of governments involved in the proposed merger must be limited. Defense Secretary Philip Hammond said, “It is not, I think, necessary […]

I am bombarded with emails today insisting that Norseman Gold PLC (LSE:NGL) is in administration. It is not. I think I know where the confusion lies, let me explain. There has been no news from Norseman today ( contrary to assertions from some BB posters). However AIM listed North River Resources (LSE:NRRP) has issued the […]

 Ceres Power (LSE:CWR) has been another AIM listed darling of the fuel cell/green pie in the sky sector. Over the past few years it has raised £65 million to fund its dreams but the dream is now a nightmare. There are some who think that this company still has £10 million and is worth something. […]

Some 12,000 South African labour force lost their jobs today after the world’s largest platinum producer, Anglo American Platinum Limited (Amplats) – a subsidiary of global mining giant Anglo American plc (LSE:AAL), dismissed workers who did not show up during the disciplinary hearing set up by the company in connection with the strike of its […]

Kazakhstan-focussed exploration and development company Jupiter Energy (LSE:JPRL) has successfully found oil fifth in a row after drilling another exploration well in its 100% controlled licence in the Central Asian country, two months before the exploration licence expires at the end of 2012. In a statement today, Jupiter said J-55 well, the first of the […]

As you may be aware I am not a great fan of AIM listed penny share dreadful oil and gas outfit Sefton Resources (LSE:SER). Its RNS statements are a disgraceful exercise in smoke and mirrors. While investors have lost 98.5% since its IPO as the shares now languish at 1.575p, Chairman Jim Ellerton has trousered […]

Independent oil and gas producer Gulf Keystone Petroleum (LSE:GKP) is raising funds through debt financing to fuel the development of its asset in the Kurdistan Region of Iraq as well as to keep the company afloat, three weeks after the company reported its loss for the first six months of the year tripled compared to […]

AIM listed compliance and banking software group Lombard Risk Management (LSE:LRM) has this morning served up a pretty upbeat trading statement saying that first half ( to September 30th)  numbers will be slightly ahead of expectations, that it has just won a major contract and has a strong pipeline. That is what we see. There […]

Followers of AIM listed oil stocks Northern Petroleum (LSE:NOP) and Wessex Exploration (LSE:WSX) might have been expecting news from the second well to be drilled in Guyane in early November. I should warn them that it now looks likely to be late November. It does not change the story for Wessex or Northern much of […]

Amidst a disciplinary hearing of its striking employees from its platinum operations, global natural resources miner Anglo American plc (LSE:AAL) is now faced with a new group of strikers from its iron ore mine in South Africa, marking the first industrial action in the iron ore industry in the country since labour unrest erupted in […]