Master Investor

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

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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…

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

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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…

Broker comments on Xcite Energy tinged with recrimination perhaps?

Broker comments on Xcite Energy tinged with recrimination perhaps?

2 mins. to read

The following extract was published in the FT on Friday, “Explorer Xcite Energy edged higher by 1.4 per cent to 106.5p after it appointed Jefferies and Rothschild to investigate options to fund the $360m cost of its second stage of development for its Bentley field in the North Sea. Options would include a farm-down of…

Some fascinating facts about oil you may not know…

Some fascinating facts about oil you may not know…

1 mins. to read

  The world consumes 87 million barrels of oil per day In 2011, global oil production averaged 88 million barrels per day The average oil consumption per capita in China is 2.5 barrels per person versus 23 in the US, 10 in the UK, 13 in Japan and 33 in Saudi Arabia A US geological…