LSE Market News

Central Rand Gold Shares Bounces Back

15 Dec 2011 @ 23:15
Shares of Central Rand Gold (LSE:CRND) bounced back since the opening of trading this week, following the consent order issued on Monday, December 12th, by the High Court in South Africa, setting aside the decision to cancel the mining rights of Central Rand Gold’s wholly-owned subsidiary, Ferreira Estate and Investment Company (FEIC). CRND shares closed […]

Oxford Biomedica Stocks Drop Following Test Results For New Drug

15 Dec 2011 @ 21:31
Oxford BioMedica (LSE:OXB) shares dropped 30.53% today to 3.30 per share, a 52 week low, on a volume of 15,141,626 shares following publishing of test results for its new drug ProSavin. Test Results While previous clinical trials of ProSavin, the company’s anti-Parkinsons treatment, had indicated the potential for significant improvement in patients receiving higher doses […]

Monitise Announces Dramatic Increase in Revenues

15 Dec 2011 @ 03:23
Monitise Plc (LSE:MONI) announced on Wednesday that their revenue for the six months ending 31 December is expected to be £15 million, nearly three times higher than the £5.3 million generated during the same period last year.  The news drove shares up over 10% in early morning trading, putting the share price at 29.25 p […]

Lloyds' Banking Group CEO Planning to Return

13 Dec 2011 @ 01:22
According to Stocks & Shares TV, the board of Lloyds Banking Group will be making a decision soon as to approving the return of CEO; António Horta-Osório, who has been on medical leave since November, due to extreme fatigue.  UK Financial Investments has already indicated it is in favor of Horta-Osório’s return. UK Financial Investments […]

Afferro sells Putu project for $115m

13 Dec 2011 @ 00:38
Afferro Mining (LSE:AFF) has announced that it is to sell its 38.5% stake of the Libereian Putu iron ore project to Russian mining giant Severstal. The AIM listed west-African firm announced that it had reached the agreement, worth at least £115m, so that it could focus on its Cameron iron ore project. In a statement […]

Synchronica Wins Expansion Order

10 Dec 2011 @ 03:41
Synchronica Plc (LSE:SYNC) announced in a news release on Friday that it has received an expansion order for its services from a tier-1 mobile device manufacturer.  The news sent share prices up 13.5% to 5.25 p in mid-morning trading. Order Value According to the company, the order is valued at US$580,000 and it allows Synchronica to […]

Karelian Identifies Likely Diamond Mine Target

10 Dec 2011 @ 01:58
Karelian Diamond Resources Plc (LSE:KDR) announced successful initial results from a sampling programme on its Riihivaara target on Friday, prompting a 13.3% rise in shares to 2.125 p by the mid-afternoon. Sampling Operation Overview Following a basal till sampling programme on the target, which is located in the Kuhmo area near the company’s diamondiferous Seitapera […]

Urals Energy Concludes Taas Loan Pay-Back Deal

09 Dec 2011 @ 02:30
Urals Energy (LSE:UEN) announced on Thursday that they have reached a pay-back deal for loans made to Taas-Yurikah in 2009.  Shares in the company rose 46.1% by late afternoon, trading at 9.5p. Background on the Deal The loans were issued by Urals Energy in 2009 as part of an acquisition agreement with Taas. They used […]

Magnolia Petroleum Shares Rise Following News Release

08 Dec 2011 @ 02:15
Magnolia Petroleum Plc (LSE:MAGP) released an update on its operations in North Dakota on Wednesday prompting a share price increase of 9.1% by mid-morning trading to 0.6 p. Update on Operations According to the company report, two wells have been successfully drilled in Dunn County, North Dakota at the Skunk Creek Wells. Magnolia owns a 0.59% […]

Churchill Mining Appeals to Indonesian Government

02 Dec 2011 @ 20:55
In a statement released on Friday, Churchill Mining Plc (LSE:CHL) announced that it has filed a formal letter with the Republic of Indonesia, appealing to senior government officials for a solution to their current investment dispute. In response to the news, the share price went up over 50% to 14.5p by the early afternoon. In […]
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