Kenneth G. Mondero

Dairy Crest Group (LSE:DCG) had to write down the value of its dairies business by $70.7 million, wiping out adjusted pre-tax profit and posted a loss of £10.1 million, the company’s 2011-2012 financial results revealed. Its dairies business, which accounts for more than 65% of the total revenue, declined by £20 million to £1.069 billion […]

British mobile firm Vodafone Group (LSE:VOD) reported that the mobile phone giant had a “steady” performance for the 12 months ending 31stMarch 2012, affected by a “weaker euro” and “tough macroeconomic and regulatory environment” in Europe. Revealing its annual performance to the public, Vodafone indicated “impairment charges” amounting to £4 billion for its operations...

Mineral processing technologies provider Alexander Mining (LSE:AXM) revealed today it proposes a capital restructuring for approval by its shareholders, triggering a drop of the company’s shares on the London Stock Exchange today. Acutely Challenging In a statement issued earlier today, Alexander Mining said the company “in common with a multitude of other companies in the […]

E-commerce marketplace provider @UK (LSE:ATUK) is to provide e-commerce framework to all public bodies in the United Kingdom, sending the shares up and amongst the top risers in early morning trading in London today. Only Provider In a statement released earlier today, @UK won a four-year contract to provide catalogue solution, spend analysis, and PSP […]

Shares of engineering firm Lamprell (LSE:LAM) lost nearly two-thirds of its market value in trading today, after the company said its profit margin for 2012 will be “below the Board’s original expectation”, making it one of the biggest losers on the London Stock Exchange. At 12:00 GMT, Lamprell lost £1.77, or 60% of yesterday’s closing […]

Shares of exploration and production company Bayfield Energy Holdings (LSE:BEH) plunged 25% on the Alternative Investment Market following the company’s announcement its EG7 exploration well in Trinidad & Tobago encountered water instead of oil. The second exploration well in the Galeota Licence Area, EG7 was drilled at a depth of 5,280 feet and encountered all […]

Genel Energy (LSE:GENL) has further enlarged its interests in the Kurdistan Region of Iraq by securing 23% stake in the Bina Bawi exploration licence through the acquisition of A&T Petroleum Company Ltd. for US$175 million. The company has made the acquisition, still subject to “various consents, approvals, and assurances”, especially from the Kurdistan Regional Government […]

Greeting cards retailer Clinton Cards (LSE:CC.) is anticipating to be placed under administration later this afternoon, after American Greetings Corporation, Clinton’s largest supplier, informed the company it wants to “enforce the loan” it acquired from the specialist retailer’s banks. Trading of the publicly listed Clinton Cards were immediately suspended at the company’s request, saying...

Oil and gas explorer Xtract Energy (LSE:XTR) declared £4.3 million net after tax loss in a year that saw the change of the company from an investment company to an operating and trading business, prompting shares of the AIM re-enlisted company to drop 15.5% at the close of trading in London. “2011 has been a […]

Electronics and technology firm Laird (LSE:LRD) continues to experience a “challenging environment” in the first months of the year, but the company said it will pursue expansion in anticipation of improved market conditions as the company looks for a new Chief Executive. Reported revenue increased only about 2% from £120 million to £122 million, although […]