LSE Market News

If you see a parade of brightly colored Austin Minis driving in circles around Piccadilly Circus later today, it will be Foxtons (LSE:FOXT) celebrating the company’s extraordinary IPO on the London Exchange today. My perspective on IPOs in general is that anything goes.  With Foxtons’ IPO everything went! The company floated 169.4 million shares.  It […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; So the Fed didn’t move. A no-show for T-day. Markets surprised, with few expecting nothing at all, most seeing at least some reduction in order to maintain credibility after all that build up to Sep-taper (last time I use […]

We’ve been following Gulf Keystone Petroleum (LSE:GKP) on a regular basis for some time now, believing that its potential reward for long-term investors could be substantial.  Oil and gas sector stocks are not for the faint of heart, for sure, but we believe that it’s not the risk that is the important factor, it’s the […]

I was pondering the ups and downs of the FTSE 100 this morning as I was reading headlines from a couple of dozen newspapers.  One source said that waiting for this month’s imminent U.S. Federal Reserve announcement was holding the FTSE down.  Another said that the FTSE will reach 8,000.  The problem was that it […]

The share price of Lloyds Banking Group (LSE:LLOY) declined by 2.88% at midday from its closing price yesterday of 77.36.  The shares are currently trading at 75.13.  This is not a bad thing, considering that the price is holding slightly above the 75 pence that institutional investors spent per share yesterday as the government sold […]

BP (LSE: BP) and its partners have awarded over £1bn in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated by BP on behalf of its partners, involves two main […]

Leading supermarket chain Morrisons has announced a 10% drop in underlying profit. Compared to £445m in 2012/13 the company has today reported a £401m, with like-for-like store sales dipping by 1.6%. The results did though contain some positive news for investors. Total store sales rose by 0.8% and the company will offer an interim dividend […]

The share price of Morrison (WM) Supermarkets (LSE:MRW) led the FTSE this morning, rising from 294.oo at yesterday’s close to to 312.00 minutes after 9:00 am.  The MRW share price remains up 3.06% at 13:20 today, an increase of 9.10 pence to 306.30. The investor response followed the release of Morrison’s first half results and […]

High-street retailer Next (LSE:NXT) have announced a 2.2% increase in sales as part of their 2-13 half year results. In a statement the company said that they had “made good progress” and that operating profits, up 7.2%, “were at the top end of our expectations”. Next’s share price rose by 15p, 0.3%, during afternoon trading […]

Independent financial service providers and asset management specialists Hargreaves Lansdown (LSE:HL.) have released preliminary results for the year ending 30 June. In a statement to investors the company reported total assets under administration up 38% at £36.4 billion and a revenue increase of 22% to £292.4 million. Profit before tax also increased by 28% to […]