LSE Market News

I flag this with no idea what is behind this but David Lenigas runs Leni Gas & Oil (LSE:LGO) which like Range Resources (LSE:RRL) has extensive interests in Trinidad. Both were mant to present at some shindig but Mr Lenigas tweeted a few hours ago: David Lenigas ‏@DavidLenigas Range Resources has pulled out of presenting […]

I commented positively on shares in AIM-listed niche plastics products manufacturer, Plastics Capital (LSE:PLA) in September at 66p and November at 72p. Following a trading update today which reported that the company “continues to trade broadly in line with market expectations” and that “performance should be broadly in line with expectations over the final quarter […]

The share price of RBS (LSE:RBS) has fallen by 20.70 today to 345.10 as it has been reported that the US government is seeking a settlement with the bank on allegations connected to the Libor scandals.  Under normal circumstances, negotiating a settlement would be a fait accompli, but there is a catch in the deal […]

Mining giant Anglo American plc (LSE:AAL) is to write down the value of its Minas-Rio iron ore project by US$4 billion two years before the project is expected to produce its first shipment, the company reported today. The announcement came alongside an increase in capital expenditure to the tune of US$8.8 billion, a figure the […]

Talk about surprised!  The FTSE 100 broke 6,300 today for the first time since May 2008.  A couple of months ago most people were saying that it couldn’t happen.  In fact, the doubters would have been cautious enough to say that it wouldn’t breach 6,000 just a month ago.  However it did, in fact top […]

AIM listed London and New York based theatre marketing group reach4entertainment (LSE:R4E) has today announced that a strong second half performance has seen a return to overall profit for the 2012 calendar year and that it is confident it “will continue to make progress throughout the course of the current financial year”. With the shares […]

Investors in Premier Foods (LSE:PFD) displayed dismay and a broad lack of confidence today upon the announcement that CEO Michael Clarke has resigned his post after only 18 months in the driver’s seat. Premier’s share price had closed at 120.50 on Friday, 25 January, but dropped to 101.00 just seven minutes after the markets opened […]

Chairman of budget airline set to quit after three years of internal difficulties. Sir Michael Rake is to step down as Chairman of EasyJet following difficulties with company founder and major shareholder Sir Stelios Haji-Ioannou. EasyJet, which recorded a record annual pre-tax profit of £317m in November 2012, is currently on the verge of joining […]

Some of the new media valuations in the US are daft but in the UK I see real value in tech. In today’s report on Onefreesharetip.com I explain why I think 2013 could be a cracking year for UK tech stocks and flag up 11 stocks to buy now. This report with the 11 share […]

AIM listed Chinese joke company Geong (LSE:GNG) is always a bundle of laughs. This is a company that works on projects for 18 months, does not invoice yet books the amounts as income. I have pointed out before that its balance sheet backing is illusory, that its “profits” ho ho ho never translate into cash […]