LSE Market News

Canadian-based Caledonia Mining (LSE:CMCL), traded on the AIM, is up 40% in mid-morning trading following an announcement of positive third quarter results. Caledonia Mining focuses its exploration and operations on Africa, with a gold mine in Zimbabwe, two platinum-nickel exploration projects in South Africa, and a cobalt-copper exploration project in Zambia. Operational Highlights The...

The junior mining company is up nearly 30% over the last four days. Kalimantan Gold Corporation Limited (LSE:KLG) is an AIM listed mining company focused on gold, copper and coal prospects in Kalimantan, Indonesia. 10 November Press Release The company’s gains were perpetuated Thursday with a 6.5% increase in share price following a positive news […]

Sacoil Holdings (LSE:SAC) released a trading statement update on Thursday regarding an increase in its expected earnings for the six month period ending 31 August 2011. Shares for the South-African oil company were up 22% in the late morning following the announcement. The company stated: “The Group has reached reasonable certainty that its headline earnings […]

Former European Central Bank Vice President Lucas Papademos was named Prime Minister of Greece on Thursday following days of negotiations. Papademos will be sworn in on Friday at 12:00 GMT. His appointment comes four days after George Papandreou agreed to step down amidst turmoil in the Greek government. Addressing his appointment, the 64 year old […]

AIM traded ITM Power is up 10% in mid-morning trading following two positive news releases over the past two days. HydroGEN Announcement The energy storage and green fuel company announced on Wednesday positive results following the completion of a three year project called HydroGEN in collaboration with the Technology Strategy Board. The focus of the […]

Italian 10 year bond gross yield was up over 10% on Wednesday as investor fears mounted that the Euro zone’s third largest economy could very well experience a debt crisis similar to that of Greece. Berlusconi Loses Seat Following a crucial victory in passing the budget vote on Tuesday, Prime Minister Silvio Berlusconi is facing […]

Blinkx Plc (LSE:BLNX), the largest video search engine in the world, announced on Wednesday in an official statement that they are acquiring Prime Visibility Media Group for £22.4 million.  BLNX shares closed down 11.3% to 137.25 p. The two companies have entered into a stock purchase agreement, through which Blinkx is authorised to buy all […]

Anglo Asian Mining (LSE:AAZ) has announced an interest reduction on a US$15 million loan amidst concern over production volume. The AIM listed mining firm secured the reduction from the International Bank of Azerbaijan after completing an initial loan repayment of US$2 million. With mining interests in Caucasia and Central Asia, Anglo Asian commenced gold production […]

Tim Tookey, the man who was named interim CEO of Lloyds on Wednesday has announced today his plans to leave the bank by March 2012 for insurance company Resolution. Tookey replaced the full time CEO António Horta-Osório, who was forced to take a leave of absence this week after being hospitalised for stress and exhaustion. […]

Best of the Best Plc (LSE:BEST) shares sky-rocketed on Friday morning following an RNS announcement of tender offer and general meeting. The company aims to return cash to shareholders through the use of this tender offer, through which Charles Stanley Securities will purchase up to 1 out of every 6 ordinary shares (or 16.67%) at […]