LSE Market News

For the ninth consecutive year, Standard Chartered (LSE:STAN) posted income and profit growth, beating the economic woes that have swept the banking industry in 2011. With an income growth of 10% from a year ago, the international banking group earned $17.6 billion and made a profit of $6.7 billion out it, representing an 11% increase […]

Craneware (LSE:CRW) was one of the top gainers on the London Stock Exchange this morning on active trading of nearly 1.2 million shares, with the share price up nearly 20% at 364.00p as of 12:45 GMT. This comes of the release of two announcements by the company. Two Corporate Announcements The announcement of a 13.2% […]

Barclays (LSE:BARC) confirmed they are the bank involved in the crackdown of HM Revenue & Customs for tax avoidance schemes, which was announced the day before. Exchequer Secretary David Gauke, announced on Monday, 27th February they had stopped two schemes of an unnamed bank, which could have generated £500 million in taxes, in a rare act of “retrospective […]

The share price of Lansdowne Oil & Gas (LSE:LOGP) jumped over 20% today, trading at 7.12p, following their announcement this morning regarding the success of their joint-venture Barryroe appraisal well project in the North Celtic Sea, off the shore of Ireland. About the Well Lansdowne owns a minority interest (20%) in the Barryroe well under […]

Back-office solutions provider Xchanging plc (LSE:XCH) signed a new contract with BAE Systems to provide procurement services for another three years, superseding the current contract which is soon to expire at the end of 2012 The newly signed deal will have a lower margin than the previous contract, but nonetheless highlights the ambition in its thrust […]

Lloyds Banking Group (LSE:LLOY) reported an annual loss of £3.542 billion in 2011, a very steep downfall from the £281 million profit it made in 2010, citing the £3.2 billion Payment Protection Insurance (PPI) provision as the single biggest factor behind the loss. Still, Chief Executive António Horta-Osório said the Group delivered “a resilient performance […]

Berendsen (LSE:BRSN) share prices were climbing today on the heels of this morning’s publication of their year-end results. Share prices were up over 9% by 42.00pence to 504.00p as of 12:56 pm GMT. Year End Results In announcing the results for the year ending 31 December 2011, the board attributed its excellent performance, at least in […]

AIM-listed Tower Resources (LSE:TRP) saw its shares tumbled down 24.5% from its previous value at 2:00 PM, London Time, after a report that no oil was found in its Ugandan asset. Why has this occurred? The Mvule-1 well, the last of the three wells under the company’s 100% interest in the EA5 licence was drilled […]

Reaction to the release of the Kier Group’s (LSE:KIE) interim report for the first six months of their fiscal year was somewhat mixed this morning. Share price was down 8.4% and 125.00 pence per share although the actual results were quite positive. Shares were trading at 1,365.00 pence on very light trading as of 1:40 […]

Europe’s largest oil company, Royal Dutch Shell, declared its firm intention to acquire the British oil explorer Cove Energy for a tag price close to a £1 billion, official statements from both companies reported on Wednesday, 22nd February. Royal Dutch Shell, through its wholly-owned subsidiary, Shell Exploration and Production (“Shell Bidco”), is offering 195 pence […]