Master Investor

It’s the big day tomorrow with US non-farm payrolls in focus

It’s the big day tomorrow with US non-farm payrolls in focus

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One of the key economic indicators of US activity arrives after lunch UK time with the April non-farmpayroll employment data. After a disapointing gain of 120,000 jobs in  March, expectations are for 150-165,000 in April. Wednesday’s private sector ADP data came in below expectations adding to the pressure on tomorrow’s numbers. Contrarian Investor UK

FaceBook IPO valuation rumours

FaceBook IPO valuation rumours

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It looks like Facebook has an IPO price range in the high $20s to mid $30s, giving it a valuation of $85 billion to $95 billion according to reports from the US today. The valuation is below the $100 billion hoped for in recent months, but weak quarterly revenue and earnings data has knocked back…

Home Retail Group results show two speed high street

Home Retail Group results show two speed high street

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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

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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

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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

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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…