LSE Market News

Giant commodities miner Anglo American plc (LSE:AAL) acknowledged the deterioration of the world economy in the “short term prospects” as it reported huge decline in EBITDA and underlying earnings. Releasing its half year results today, the soon to be majority owner of De Beer saw a decline of 31% in EBITDA to US$4.9 billion, while […]

I top-sliced Pace [PIC.L] today, on the basis I’m up 100% on it and now’s not the time to be greedy. Pace could hit £2, perhaps even get bought, but I’m lightening up as the market is, as a whole, super-risky right now. Lamprel [LAM.L] collapsed again yesterday. Its story is almost too bad to be true. […]

Barclays plc (LSE:BARC) Chairman, Marcus Agius, apologised on behalf of the universal bank once again, for the scandals that not only hit it but the greater UK financial sector in the past weeks, as the company reported its half year results. Sorry may seem be the hardest word but that’s probably the only appropriate thing […]

Investors responded fairly well to Lloyds Banking Group’s (LSE:LLOY) first half report, even though the company reported a net loss of £676 million.  Share price was up 0.32 pence to 29.60 by 1:00 pm, having peaked at 29.86 at the noon hour. No Magic Wands With the problems facing the banking sector in general and […]

South America-focussed oil and gas explorer Amerisur Resources plc (LSE:AMER) hit 75 feet of gross oil column with 51 feet of potential net pay from its Platanillo field in Colombia, its second discovery for the year, and will perform flow and pressure tests during the next two weeks, the company said today. The Platanillo-4 well, […]

Independent oil and gas producer Faroe Petroleum plc (LSE:FPM) said the company “encountered hydrocarbons” from its Cooper Well in the Norwegian Sea, moving shares up by 5.5% to £1.44 a share with a turnover of more than a million, by noon GMT. The news is a reversal of the disappointing result of the company’s first […]

Heavy trading on the stocks of Rare Earth Minerals plc (LSE:REM) was seen early today following the company’s announcement it has been awarded three exploration licences in Greenland. In a statement, REM said the three licences, acquired through the “significant effort from the board”,  cover an area of about 832 square kilometres, two of which […]

Shares of Russian gold mining group, Petropavlovsk (LSE:POG), gained 32.90p, increase of 8.64%, to 413.80 by mid-morning today on the London Stock Exchange.  Investors were apparently happy with the company’s half-year Trading Update released this morning. Sometimes All that’s Gold Doesn’t Glitter The company’s share price has been in a slump, as have other commodity […]

Irish oil explorer Providence Resources plc (LSE:PVR) said the Barryroe oil field off the coast of Ireland has between 1 and 1.6 billion barrels of oil in place following a series of comprehensive post-well studies. In a statement released earlier today, data from 2D seismic, 3D seismic, and six wells drilled on the said field […]

Yesterday, the portfolio took a mighty kicking, today Pace (PIC.L) rocketed 18%, putting all the losses and more, back. This is the way it should work when you have a good portfolio, but the wretched state of the market has made keeping the faith a much harder job than normal. The big call right now […]