Kenneth G. Mondero

Carpetright plc (LSE:CPR) may have ended the 2011-2012 financial year with a reduced revenue, but Europe’s leading specialist floor coverings retailer still managed to boost year-end profit by more than 100%, thanks to the disposal of its property portfolio. The group, which posted a sharp drop in underlying profit by over 76% to about $4 […]

Shares of Kazakhstan-focussed oil and gas exploration and production company Max Petroleum plc (LSE:MXP) crashed with more than half their value lost in London trading, after the company said its delayed-stricken drilling operation may cost them a total of US$43 million to complete, draining the company’s cash position. The NUR-1 well, spudded in November 2011 […]

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 […]

United States’ largest drugstore chain Walgreens (NYSE:WAG) announced today it entered into a “strategic transaction” by buying 45% interest in Europe’s leading health and beauty group, Alliance Boots, creating  “the first global pharmacy-led, health and wellbeing enterprise.”. The deal is valued at US$6.7 billion, comprising of $4 billion in cash and 83.4 million shares to […]

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 […]

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 […]