LSE Market News

A disappointing first half report, including a dismal forecast for the balance of the year, drove the share price of the Eurasian Natural Resources Corporation Plc (LSE:ENRC) down 29.50 pence from 414.70 to 385.20 this morning, a 7.11% decline.  Except for the past three weeks, the stock has experienced almost constant decline since mid-January when […]

Standard Chartered (LSE:STAN) is a global bank offering financial services in nearly 70 countries.  Although headquartered in London, the bank is heavily involved in Asia, Africa, and the Middle East.  The banking firm often provides its services in developing countries with emerging markets.  This business strategy made it one of the best performing banks during […]

Shares of Roxi Petroleum plc (LSE:RXP) jumped 11.7% in early morning trading after the Kazakhstan-focussed oil and gas firm said gross production from its Galaz field is anticipated to be at 500 barrels of oil per day (bopd). Roxi shares traded as high as 3.688 pence following the news before it went down to 3.25 […]

After 15 years of operating the West Coast Rail Line from London to Scotland, Virgin Rail lost its government contract to FirstGroup (LSE:FGP).  Reports claim FirstGroup offered the Department for Transport £5.5 billion for the 13-year contract, outbidding Virgin Rail by £750 million.  Since the announcement, FirstGroup’s share price has dropped due to speculation that […]

Kea Petroleum plc (LSE:KEA) is now about to become a commercial oil and gas producer, according to the New Zealand-focussed explorer. The director made the statement following the results of the production testing made at the Puka-1 well in onshore New Zealand. Oil and gas flowed at a controlled rate of 290 barrels per day […]

JKX Oil & Gas plc (LSE:JKX) will not release an interim dividend for its shareholders, the company said today. The decision came alongside results for the January to June 2012 period, reflecting a drop in revenue and operating profit brought about by the fall on production in its Ukraine and Hungary assets and delays from […]

It’s one thing to say that a company is in trouble.  It’s quite another to say that people are being killed.  Nine people have died since 10 August at a mine operated by Lonmin (LSE:LMI) in South Africa.  Lonmin’s share price was down 35.00 pence to 706.00, a decline of 4.72%.  Lonmin’s share price has […]

Last week, Barclays (LSE:BARC) officially announced the appointment of Sir David Walker as its new chairman.  He will become one of the bank’s directors on 1 September and replace current Chairman Marcus Agius on 1 November. Sir David Walker has extensive experience in investment banking as well as government and regulations.  He has spent time […]

West Africa-focussed gold producer, Cluff Gold plc (LSE:CLF), expects to update its resource by the fourth quarter of 2012 once it completes its drilling programme at their Yaoure project in Côte d’Ivoire (Ivory Coast), the company said today. The statement was made by the firm’s Chief Executive, Peter Spivey, along with the update of the […]

UPDATED: Metals explorer Caledonia Mining Corporation (LSE:CMCL) disclosed an increase in gold production as well as gold recovery from its Blanket Mine in Zimbabwe, partially offsetting the decline in average realised gold price, during the second quarter of the 2012. In a statement, Caledonia said it sold 11,560 ounces of gold for the April to […]