LSE Market News

Lower commodity prices coupled with the uncertainty in Europe and the United States have hit another heavy trader of metals as the world’s second largest mining firm, Rio Tinto Group (LSE:RIO), reported a reduction of a more than a fifth of its profit for the first half of the year. Rio Tinto said it made […]

Standard Chartered Bank (LSE:STAN) share price dropped a whopping 23.47% by noon today. Shareholders are leaving like rats on a sinking ship.  With the share price sinking by 345.00p to 1,125 on a volume of nearly 54 million shares, the company has lost more than £11.5 billion in market value in a matter of a […]

West African diamond miner and producer Stellar Diamonds (LSE:STEL) said today its initial samples from the Droujba Project in Guinea exceeded expectations in both grade and quality and plans to upgrade its resource by the fourth quarter of 2012. According to the company, about 173 carats at an average grade of 188 carats per hundred […]

Investors have been regaining a measure of confidence in the revealed intentions and recent actions of the leadership of Barclays (LSE:BARC).  Reports surfacing today indicated that the board may be about to restructure its executive bonus plan.  Share price was up 2.92% from 171.35 at Friday’s close to 176.35 at midday.   This stock has been […]

Falkland Oil & Gas Limited (LSE:FOGL) has signed in a new partner in its exploration in the Falkland Islands in a contract that is estimated to be worth between US$180 and $230 million in the next three years, the company said today. Noble Energy Falklands Limited, an affiliate of NYSE-listed Noble Energy, Inc. (NYSE:NBL), entered […]

RBS (LSE:RBS) share price was up this morning by 9.00p from yesterday’s close of 204.50.  Whilst 213.50 is not the bank’s highest mark for the year, neither is it its lowest.  The increase follows the bank’s report of its half year results. Not All Bad News Is Bad News When an interim report is so […]

Internal Memo Goes Public You could almost see it coming as word of an internal memo found its way to the newswires by late morning via The Australian newspaper. The memo from Iron Ore Division president Jimmy Wilson was apparently distributed to several thousand employees.  Essentially the memo was intended to make key employees aware […]

EMED Mining plc (LSE:EMED), gold and copper explorer, has acquired the last piece of land necessary to restart operations of the Rio Tinto Copper Mine in Spain for €5 million, the company said today. The purchase will be satisfied by €1 million in cash at the execution of the Sale and Purchase Agreement, announced today, […]

FTSE 250 oil and gas firm Ophir Energy plc (LSE:OPHR) made its sixth gas discovery in Tanzania but said the gas find was lower than what the company hoped it would have. In a statement released earlier today, the Africa-focussed explorer said Papa-1 well, its sixth well located in Block 3 offshore Tanzania, encountered 89 […]

Gold and copper miner SolGold plc (LSE:SOLG) said today its partner, Newmont Ventures Limited, in the Guadalcanal Joint Venture in Solomon Islands will cease funding the project and will resign as manager of the exploration. Newmont Ventures, a subsidiary of NYSE-listed Newmont Mining Corporation, made the decision after having spent about US$19 million in the […]