LSE Market News

Chemring (LSE:CHG) shares dropped over 8% today following its reporting of its half year results to 30 April 2012.  The share price had fallen by 26.80 pence to 296.60 by 1:00 p.m. UCT. Highlights of the Report Although total revenue was up 4% from continuing operations (that is, excluding the Marine division which was sold […]

It appears that Vodafone (LSE:VOD) will win the Cable & Wireless Worldwide (LSE:CW.) trophy as Orbis Investment Management is no longer blocking the goal.  CWW share price rose about 8% today to 37.80, an increase of 2.77 pence. Background In February 2012 CWW announced to shareholders that Vodafone was in the early stages making a takeover bid […]

Rolls-Royce (LSE:RR.) announced it has signed a contract with the UK’s Ministry of Defence to deliver two reactor cores to Britain’s nuclear-powered submarine fleet valued at more than £1 billion, confirming reports following an interview with Defence Minister Philip Hammond by the BBC. The deal was told to be in line with the UK’s move […]

London-focused urban regeneration specialist Quintain Estates and Development (LSE:QED) is to acquire 40% interest in Greenwich Peninsula Regeneration Limited (GPRL).  The developer of the Greenwich Peninsula has entered in a new joint venture that will create approximately 29,000 jobs, sending the company’s share price at the top of the London Stock Exchange board in early […]

Lamprell (LSE:LAM) seemed to regain some shareholder confidence this morning as its share price gained nearly 13% to 89.20 pence on the London Stock Exchange.  The stock has been languishing since 16 May 2012 when it dropped 167.00 pence following a profit warning issued by Lamprell. The Big Picture In the May 16th announcement the company […]

Britain’s Scottish & Southern Energy (LSE:SSE) will become the third largest energy company in Ireland when it completes the acquisition of four power stations with a total combined capacity of 1,068 Megawatts later this summer. Information disclosed to the public on Friday revealed that SSE has reached an agreement with Spain’s largest utility company Endesa […]

Premier Foods plc (LSE:PFD) announced Friday it is selling its vinegar and sour pickles business to Japanese firm Mizkan Group, as part of the company’s strategy of disposing non-core businesses to focus on its eight “power brands”. The deal, which is expected to be completed in July 2012, includes the divestment of production, distribution, sales, […]

Russian gold miner Petropavlovsk plc (LSE:POG)  issued a revised guidance for 2012 ahead of the half year report it will submit in August, prompting the share price of one of Russia’s largest gold producer to jump as high as 12% in midday trading on the London Stock Exchange. In a statement released earlier today, Petropavlovsk […]

Despite a largely favourable company report, the share price of Mulberry (LSE:MUL) had the glide angle of a brick as the market opened this morning.  The company released its preliminary results for the year ending 31 March 2012, at 7:00 a.m.  Trading opened at 1,691.00 pence at 8:05 a.m., but by 8:22 a.m. the share […]

Precious metals explorer Mariana Resources Limited (LSE:MARL) has concluded the diamond drilling programme for its Las Calandrias Project, in the southern province of Santa Cruz, Argentina is falling short in the total target length due to “extreme weather conditions”. Updating the public today, the South American-focussed exploration and development company said they were only able […]