LSE Market News

Shares of exploration and production company Bayfield Energy Holdings (LSE:BEH) plunged 25% on the Alternative Investment Market following the company’s announcement its EG7 exploration well in Trinidad & Tobago encountered water instead of oil. The second exploration well in the Galeota Licence Area, EG7 was drilled at a depth of 5,280 feet and encountered all […]

Genel Energy (LSE:GENL) has further enlarged its interests in the Kurdistan Region of Iraq by securing 23% stake in the Bina Bawi exploration licence through the acquisition of A&T Petroleum Company Ltd. for US$175 million. The company has made the acquisition, still subject to “various consents, approvals, and assurances”, especially from the Kurdistan Regional Government […]

International Consolidated Airlines Group (LSE:IAG) issued its First Quarter Results today, reporting a €230 million loss just inside the upper limits of market expectations of a loss of €230 million to €250 million. Shareholder response to the news seems to underline that it was not totally unexpected, especially during the traditionally weakest quarter of the year.  In […]

Greeting cards retailer Clinton Cards (LSE:CC.) is anticipating to be placed under administration later this afternoon, after American Greetings Corporation, Clinton’s largest supplier, informed the company it wants to “enforce the loan” it acquired from the specialist retailer’s banks. Trading of the publicly listed Clinton Cards were immediately suspended at the company’s request, saying...

Oil and gas explorer Xtract Energy (LSE:XTR) declared £4.3 million net after tax loss in a year that saw the change of the company from an investment company to an operating and trading business, prompting shares of the AIM re-enlisted company to drop 15.5% at the close of trading in London. “2011 has been a […]

Royal Bank of Scotland Group (LSE:RBS) shares continued their bumpy ride since 2008, even after its rather healthy Interim Management Report for the first quarter was issued on Friday morning. RBS stock closed at 24.47p, down a modest 0.33% on trading of 184,525,074 shares. In a rare move during a banking holiday, RBS announced this morning […]

Electronics and technology firm Laird (LSE:LRD) continues to experience a “challenging environment” in the first months of the year, but the company said it will pursue expansion in anticipation of improved market conditions as the company looks for a new Chief Executive. Reported revenue increased only about 2% from £120 million to £122 million, although […]

BAE Systems (LSE:BA.) continues to have a bumpy ride, with its share price continuing the recent downward trend. Around February, when it peaked at nearly 340p, shares were going at 286.60p today on the LSE, down from yesterday’s close of 292.40. What’s Going On? Despite reporting results for the last quarter that are consistent with […]

Despite reporting a loss for the first quarter of the year, Irish airline Aer Lingus Group (LSE:AERL) was upbeat in reporting a €36.1 million operating loss, saying it is normal for this time of the year, and they are expecting operating profit to be at par with the 2011 performance. Encouraging Start “Aer Lingus experienced an […]

Software company Kewill plc (LSE:KWL) topped the early trading on the London Stock Exchange on Wednesday, as the company agreed to be acquired by a newly created entity, indirectly owned by private equity firm Francisco Partners. Shares of the logistics and management software solutions provider soared 25.7% higher than yesterday’s close to reach 95.5 pence […]