LSE Market News

Medgenics (LSE:MEDG) shares shot up 70.00 pence to 475.00, an increase of over 17%, this morning on the LSE.  The share price has risen over 170% in the last twelve months as the company continues impressive development of its proprietary Biopump™ technology. Today’s investor reaction follows the announcement of a major step forward in the […]

Ryanair (LSE:RYA) has placed an offer to acquire rival airline Aer Lingus (LSE:AERL) for the third time with the hope that the European Commission will finally approve the bid in light of the trend of consolidating flag carriers across Europe. Ryanair’s offer, released hours after trading closed in London on Tuesday, 19th June 2012, puts […]

Coloured gemstones producer Gemfields plc (LSE:GEM) dropped 7.6% at the London Stock Exchange today following the results of the auction held by the company in Jaipur, India, which only sold a little more than a third of all the emeralds placed on offer. The Zambia-focussed explorer, miner, and seller only sold 3.47 million out of […]

Rio Tinto (LSE:RIO) shares were up 49.50 pence to 3,100.50 today as the company dominated financial headlines on several continents.  Rio’s share price had been in decline since 03 February through to 01 June, when it reached a low of 2,772.  As the upward trend continued today, it may be that long-haul investors are on-board […]

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 […]