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’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…
At last a professional looking web site for Xcite Energy, http://www.xcite-energy.com/
The Institute for Supply Management’s manufacturing index rose to 54.8% last month from 53.4% in March versus estimates of 53.3% gave US stocks a good boost. The Dow Industrials are up 114 to 13,328 despite Chinese PMI data which came in slightly light of expectations. The FTSE 100 rose 75 points to 5,812 despite disappointing…
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…
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…
A very big week to come for company earnings and economic news. So far so good for the US Q1 earnings season with nearly three quarters beating analyst estimates. Corporate America is in good health and it needs to be to overcome all the negative news flow from Europe. The UK is back in recession…
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…
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…
