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Shares in Condor Resources rallied on news that the Central America-focused gold and silver miner has been granted two new concession areas adjacent and near to it's existing Cacao and Santa Barbara concessions within the historic La India Gold Mining District in Central Nicaragua. The group said t
Read moreThe Chancellor's pre-Budget Report speech had little effect on UK equities, with much of its content widely expected while others subscribed to the view espoused by the Shadow Chancellor that it was more of a 'pre-election report' than a pre-Budget report. As expected, banks that pay excessive bonu
Read moreLondon's blue chips have reacted cautiously to the chancellor's pre-Budget speech even though the big numbers were better than feared. The government's borrowing forecast for this year came in ahead of market predictions with a slight upward revison to £178bn, while Alistair Darling stuck to his fo
Read moreWith less than half an hour to go before the Chancellor's pre-Budget Report speech, leading equities are back to square one, as investors wait to see what the Chancellor has in store. Speculation is he'll announce the biggest squeeze in public spending for a generation, with only schools, hospital
Read moreShares Condor Resources slumped after the Central America-focused gold and silver miner began legal proceedings against the El Salvador government over its failure to respond to Condor's applications to renew its two mining licenses in the country. 'The outlook remains uncertain and unclear,' said
Read moreFootsie suffered a triple digit fall today with virtually all blue-chip stocks except defensive favourites such as utilities having their foot jammed hard down on the reverse pedal. Resource stocks led the decline as metals and oil prices moved lower. Platinum miner Lonmin was the weakest stock in
Read moreThe market moved sideways over the lunch-time session, with the Footsie remaining deep on the red, despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almo
Read moreMiner Condor Resources has welcomed news that Worldwide National Resources has withdrawn its unsolicited offer for the company. Condor said the 1 for 1 share offer undervalued the company and represented an unwelcome distraction to the board. "The board now looks forward to pursuing further corpo
Read moreMiner Condor Resources has given short shrift to the unsolicited conditional offer for the company announced by Worldwide National Resources on 3 June. Condor described the all-share offer as an 'unwelcome distraction' from the share exchange offer with Grafton Resource Investments which Condor out
Read moreConstruction components and software group Eleco said an anticipated improvement in market conditions has failed to materialise. In February, the firm said recent progress in order prospects for precast concrete activities offered grounds for cautious optimism that it would see an upturn in perform
Read moreClassdrive has been given until 5pm on 3 June to either make an offer for miner Condor Resources or walk away. The ruling by the Takeover Panel will bring to an end months of speculation about whether a deal for the group, focused on gold and silver in Central America, will materialise or not. Fir
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