Kenneth G. Mondero

Central America-focussed gold explorer Condor Gold plc (LSE:CNR) said its La India mining project in Nicaragua has the potential to support an open pit mining, sending the shares of the AIM-listed company to the top of the trading board in London today. Further results of the ongoing 7,000-metre drill programme showed “bonanza” gold grades referred […]

Barclays’ (LSE:BARC) Chief Executive Officer Bob Diamond finally gave in and tendered his resignation with immediate effect a day before a parliamentary inquiry probes into the interest rate manipulation scandal the bank was accused of last week. Calls for his resignation were heard from the top officials of the British Government, including the Prime Minister […]

British web-based video editing developer Forbidden Technologies plc (LSE:FBT) announced today that its video editing platform will be used by the world’s largest online video site for the upcoming London 2012 Olympic Games, sending shares of the AIM-listed company to the top of the trading board. YouTube, part of the tech giant Google, will use […]

It’s payday today at Solo Oil plc (LSE:SOLO), following an independent technical evaluation saying there is about 5.75 trillion cubic feet of unrisked gas-initially-in-place (GIIP) “for identified leads, prospects and discoveries” in the company’s 12,000-square kilometre acreage within the Rovuma Basin, now an established oil and gas resource in the territories of Tanzania and Mozambique...

UK-incorporated gold exploration, production, and development company Allied Gold Mining plc (LSE:ALD) topped the trading board on the London Stock Exchange today following an offer to acquire the company that nearly doubled its market value. St. Barbara Limited (ASX:SBM), also a gold producer and explorer listed on the Australian Securities Exchange (ASX), offered to acquire […]

Four major British banks have found themselves in the middle of another scandal as UK’s Financial Service Authority (FSA) discovered “serious failings” in the sale of hedging products designed to cover small and medium sized businesses from interest rate fluctuations. The financial watchdog named Royal Bank of Scotland (LSE:RBS), HSBC (LSE:HSBA), Lloyds Banking Group (LSE:LLOY), […]

Barclays plc (LSE:BARC) Chief Executive Officer Bob Diamond is now facing mounting pressures from shareholders and authorities following the LIBOR rate manipulation scandal that caused the British bank to pay £290 million in penalties and hurt its market value in London trading today. Strong statements were heard from British Prime Minister David Cameron and Chancellor […]

Global commodities giants Xstrata plc (LSE:XTA) and Glencore International plc (LSE:GLEN) have agreed on new terms of the management incentive arrangements in relation to the multi-billion pound merger of the two London-listed companies, in an effort to appease angry investors over pay packages of the top executives days before their shareholders decide on the fate […]

Shares of commercial vehicle hire Northgate plc (LSE:NTG) rallied on the London Stock Exchange following the disclosure of its final results for the 2012 fiscal year that saw a rise in profit despite economic pressures in the markets where the group operates. The British born company reported £45.9 million in pre-tax profit, a sharp rise […]

International bus and rail operator Stagecoach Group plc (LSE:SGC) said it is in a good start for the current financial year, despite a slight drop in profit in 2011, caused by the poor performance of its UK rail division. Reporting its final results for the year ended 30th April 2012, Stagecoach said it benefited from […]