Master Investor

Home Retail Group results show two speed high street

Home Retail Group results show two speed high street

1 mins. to read

The depressing state of many parts of Britain’s high street was illustrated by a 13 percent slump in Home Retail Group shares, owner of Argos and Homebase, to 87.5p after disappointing results and a dividend cut.  Investors in Home Retail who has 748 stores have seen their shares tumble from a 52 week high of…

Weak private sector US employment data hits markets

Weak private sector US employment data hits markets

0 mins. to read

The markets are down heavily today as the ADP (Automatic Data Processing) shows  the weakest growth in US private sector employment in seven months. The Dow Jones Industrials are down 50 points to 13,229 and the FTSE 100 is down 57 at 5,755. The data showed an increase of  119,000 in April, the lowest result…

Falkland Islands oil quiet for now but plenty of action to come

Falkland Islands oil quiet for now but plenty of action to come

1 mins. to read

After the hysteria triggered by the rumours of a gigantic oil discovery at Borders and Southern’s Darwin East well in the South Falklands basin, all is quiet. For now! Borders and Southern of course disappointed many investors who piled into the shares a couple of weeks ago after stories in the Sun newspaper of oil…

Research in motion slips on smart phone data

Research in motion slips on smart phone data

0 mins. to read

Research in Motion’s shares are down 4.5 percent to $13.6 on a report from IDC that showed RIM’s share of the global smartphone market fell to 6.7% in the first quarter of 2012, compared to 13.6% for the same period last year. Apple and Samsung together had a 53% of the total market on a volume…

Top 50 Lehman Brothers salaries in 2007

Top 50 Lehman Brothers salaries in 2007

2 mins. to read

A year before the investment bank, Lehman Brothers, collapsed into bankruptcy in September 2008 under the leadership of Dick Fuld aka “The Gorilla”, the salaries of the top 50 employees were as follows. The list is topped by Robert Millard in the Global Trading Strategies unit, who received $51 million in total including $25 million…

China issues April PMI data but number misses estimates

China issues April PMI data but number misses estimates

0 mins. to read

Chinese manufacturing data improved further in April according to the PMI (Purchasing Managers Index) from the China Federation of Logistics & Purchasing.  The PMI increased to 53.3 in April, up from 53.1 in March, but slightly below expectations of 53.5. A figure above 50 indicates an improvement in economic activity whilst one below signals a…

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