LSE Market News

Upstream oil and gas explorer Afren plc (LSE:AFR) announced it has encountered “significant oil accumulation” in its Ain Sifni asset in the Kurdistan Autonomous Region of Iraq, sending shares up 10% in early morning trading to 148 pence per share. Basing the results from drilling, wireline logs, and sidewall core sampling, the Simrit-2 exploration well […]

Manroy Plc (LSE:MAN) announced today that the U.S. Department of Defense had novated contracts worth £6.6 million to its subsidiary Manroy USA (aka MUSA). The Contract & Its Impact Terms of the contract specify that MUSA will supply barrels and bolts for the M2 Heavy Machine Gun. MUSA will supply £4.9 million worth of barrels […]

NBNK Investments (LSE:NBNK), an investment vehicle focused on domestic banking, appears to have become the leading bidder for 632 Lloyds Banking Group branches.  Lloyds is attempting to sell the branches as a condition of being bailed out by the government in 2008. NBNK is reportedly willing to bid between £1.5 million and £2 million according […]

Stellar Diamond (LSE:STEL), a West-African focused diamond mining and exploration company, announced today that its licences in the Kono region of Sierra Leone may well be in jeopardy. The Licences, initially granted in January of 2005, allow the company to carry out its operations in the region. The licences were renwed in May of last […]

Monitise (LSE:MONI) continued to expand its global influence in the field of mobile banking today with the announcement that its new joint venture inIndonesia is ready to begin operations. The Joint Venture The joint venture between Monitise Asia Pacific and Astra Graphia Information Technology has been dubbed PT AGIT Monitise Indonesia. The new company has completed the construction and...

Matra Petroleum (LSE:MTA), an independent oil exploration and production company with major operations in Russia, announced today that it has entered an agreement with Mr. Maxim Barskiy. Barskiy has agreed to buy 575 million new shares at a price of 0.8p per share, totalling £4.6 million. Pending shareholder approval, Mr. Barskiy will obtain a 29.8% […]

Philippines-focused Copper Development Corporation (LSE:CDC) is seeking a trade sale or a joint venture of its Hinoba-an Project, south of the country, following the release of a Comprehensive Technical Report (CTR) that referred to the project as “financially attractive”. Background Story The Hinoba-an Project, located in the island of Negros 700 kilometres south of the […]

SkyePharma (LSE:SKP), a pharmaceutical company specialising in the development of inhaled products and drug delivery technologies, announced today that it has signed a second agreement to conduct a feasibility study with RespiVert, a small molecule drug discovery company specializing in respiratory disorders.   This agreement comes on the heels of the successful completion of a similar […]

Share prices of Sierra Rutile Limited (LSE:SRX) were up over 6% to 54.12p at midday today following a very positive production update on their first quarter. The Report Production Production of rutile ore was 48% higher than during the first quarter of 2011, whilst ilmenite production increased 57% over the same period.  Actual rutile production […]

JJB Sports (LSE:JJB) announced on Thursday, 5th April that they had secured a £30 million “strategic investment package” from a number of the company’s shareholders and from the US-based sporting goods retailer Dick’s Sporting Goods. Shares of the UK-based sports retailer inched 6.2% higher from yesterday’s close to 17.25 pence a share in early trading […]