LSE Market News

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 […]

Sound Oil Plc (LSE:SOU) was down for the fourth session in a row on Friday morning despite a positive operations update released 31 October, 2011.  Before this recent downward trend, the company traded at 3.475p, which has steadily fallen to 2.65p heading into the weekend. Operations Update The operations update posted by the company stated: […]

Millwall Holdings Plc (LSE:MWH) announced on Thursday it plans to delist from the AIM, citing four reasons for the decision. Reasons to Leave AIM The directors’ collective opinion is that the trading price of the shares doesn’t reflect the true value of the business. They believe that given the current market conditions for small companies, it is, […]

In a statement, ValiRx (LSE:VAL) announced that it has filed for a new patent for its therapeutic compound, VAL201, sending shares up 10% in early trading. ValiRx is a biopharmaceutical company developing products in diagnostics, therapeutics, and oncology. Their main product focus is on cancer research, however their technology can be applied to other fields as well. […]

Aviva Plc, the second largest insurer in the United Kingdom, released a performance report on the nine months ending September 30, 2011 on Thursday. European life and pension sales were down 18% from the same time last year, reflecting turbulence caused by the European Debt Crisis. Despite a 6% gain on sales in the UK, […]