LSE Market News

Heavy trading of shares of Sound Oil plc (LSE:SOU) was seen earlier today after the independent oil and gas explorer said the regional authorities have approved its Environmental Impact Assessment in relation to the Rapagnano gas project in Central Italy, sparking hopes the company will start producing gas soon. Sound Oil stocks spiked 21.1% to […]

In the much anticipated biggest initial public offering on the London Stock Exchange since Glencore International’s last year, Direct Line Insurance Group, a leading motor and home insurance provider in the United Kingdom, is poised to become one of the largest publicly listed companies when it joins the premium listing. Here is a short timeline […]

I have not covered myself in glory, in tipping AIM listed Symphony Environmental (LSE:SYM) at 10.25p in may 2010 as the shares are 65% down at 3.625p. Half calendar year numbers yesterday went down badly.  But there are two reasons why this stock is potentially very cheap and should, in due course, race back well […]

London Inter-Bank Offer Rate, or LIBOR, is to remain the benchmark to be used in transacting business amongst financial institutions, incumbent Managing Director of the Financial Service Authority, Martin Wheatley, recommended.  This followed an independent review of the tainted benchmark commissioned in response to the recent rate-rigging scandal that has instigated a series of investigations...

Security services giant G4S (LSE:GFS) suffered through the summer, not winning any medals for its less-than-stellar Olympic performance.  Over the last 30 days, however, the company appears to be getting back into shape.  It issued what was at least a bronze medal half-yearly report on 28 August and should win a gold for their announcement […]

I have noted before that the valuation of AIM listed investment company Zoltav Resources (LSE:ZOL) is a total joke. Results today suggest that other folks are starting to twig. I am aware that Roman Abramovich’s son is the largest  shareholder so that might float your boat but this good ship is going down. The shares […]

World’s number two platinum producer, Impala Platinum Holdings Limited (LSE:IPLA), has approved a wage increase – the second within six months – in response to the demand from workers more than two weeks ago, in a move to avert the potential threat of a second strike that weighed heavy on the company’s financials for the […]

I tipped AIM listed gold mine developer Chaarat Gold (LSE:CGH) at 45p in May 2010. Standing at 24.375p after the publication today on half calendar year results I do not look too clever. Yet. But I had a long chat with the company today, notably with its Finance director Linda Naylor and these shares are […]

I tipped AIM listed gold stock Pan African Resources (LSE:PAF) at 2.6785p back in November 2005. Long term investing pays off. Ignoring dividends, those who bought then are 570% ahead with the shares at 18p. That values Pan African at £260 million but having just had a long chat with CEO Jan Nelson I am convinced […]

While the world’s top three platinum producers are trying to stabilise their operations following the violent and unsettling labour unrest that rocked South Africa’s mining industry in the past weeks, the exploration side of the sector does not seem to be affected. The statement is particularly true of another South African platinum explorer ,Jubilee Platinum […]