LSE Market News

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 […]

India-focused gold miner Kolar Gold (LSE:KGLD) Limited said Wednesday their JORC-compliant gold resource more than trebled, following a completion of an 8,000-metre drill programme in the South Kolar licence area. In a statement released to the public and the financial authorities, the new resource estimate now stands at 195,000 ounces of gold at an average […]

Whilst the share price of  Proximagen Group (LSE:PRX) has hovered around the 140.00p region for three years, since March of this year the charted increase in share price looks like the launch of a space shuttle. Following today’s release of interim results and the pending acquisition of the company by US pharmaceutical company Upsher-Smith Laboratories (USL), […]

Independent oil explorer and producer Nautical Petroleum plc (LSE:NPE) topped the London trading board early Wednesday, following an offer made by Cairn Energy plc to acquire the company for £414 million. Shares of Nautical Petroleum jumped by more than half its value on 12th June 2012 to £4.62 a share by 9:00 GMT, 12 pence […]

Newly listed oil and gas exploration company Fastnet Oil & Gas plc (LSE:FAST) has secured licencing options to explore nine blocks in the North and South Celtic Sea off of Ireland, which may hold more than two billion barrels of oil in aggregate, the company released in a statement. Ireland’s Department of Communications, Energy, and […]

Regional airline Flybe Group plc (LSE:FLYB) said the company’s resilience against the “challenging operating environment” enabled it to weather the storm only slightly scathed, as they finished the 2011-2012 fiscal year with a £6.2 million pre-tax loss. The UK’s leading domestic carrier, with 28% market share, cited a declining market coupled with high fuel costs and increased taxation...