LSE Market News

After any bear run in shares some folks always grab headlines by saying we have seen “The Death of Equities.”  Heck, you have lost your shirt it sounds believable. And so when major bond investor Bill Gross proclaimed the Death of Equities on August 1st he grabbed the headlines. Before you rush out to buy […]

Over the last five days BP has announced either agreements for the sale or the consummation of sales of significant portions of its business.  By divesting of these units, cash is flowing into the company coffers to ensure that it can keep its commitments to pay some $20 billion in claims arising out of the […]

Edge Resources Inc. (LSE:EDG) has just turned a zero-value asset into a new oil field. In a statement released today, Edge said it discovered a new pool to the east of its Primate project in Saskatchewan, Canada after drilling two wells that gave at least 12 metres of formation sands each, enough to merit 3D […]

Russia-focussed oil and gas producer PetroNeft Resources (LSE:PTR)  has commenced drilling the first of the ten-well development programme  at its Arbuzovskoye oil field and expects to put them into production by next month, September, the company announced today. The plan has been in place since it was approved last November 2011 and Petroneft has stated […]

Britain’s largest coal producer UK Coal plc (LSE:UKC) has reached an agreement in principle with its key economic stakeholders to restructure the business after the first half of the year showed a “disappointing performance”, the company said today. In a statement, Chairman Jonson Cox said “a restructuring of the business was necessary to secure a […]

Barclays (LSE:BARC) can’t seem to stay out of the news, but some days that’s not all bad.  Last evening, 09 August, the bank announced that Sir David Walker had accepted its invitation to take over as chairman of the troubled institution.  A positive reaction from investors was indicated by a 3.32% increase in the bank’s […]

US-focussed explorer Caza Oil & Gas Inc. (LSE:CAZA) said revenue for the second quarter increased, as production improved by new wells brought into operation, despite a drop in the price of oil. In a statement released today, Caza reported over US$1 million revenue, about a third more for the same period a year ago, total […]

Petroceltic International plc (LSE:PCI) said today, it is now ready to provide the Algerian Government all the necessary documents to support its bid for a 30-year exploitation permit for the Ain Tsila field in Algeria. In a statement, Petroceltic said the parties to the Isarene Production Sharing Contract, has agreed to a Formal Declaration of […]

Randgold (LSE:RRS) took the opportunity to thump its chest today as it reported second quarter results that were, quite frankly, golden.  Regulatory reports are usually quietly reserved as though they had been prayed over before leaving the bean-counters’ offices.  Randgold’s report begins with a headline that says “RANDGOLD FIRES ON ALL CYLINDERS TO DELIVER ANOTHER […]

Iron ore producer Bellzone Mining plc (LSE:BZM) has signed an offtake agreement with commodities giant Glencore International plc (LSE:GLEN) to supply all its iron ore produce in Guinea, the company said today. In a statement, the company said all of its 50% share in the Forecariah Joint Venture (FJV) project in the West African country […]