The world’s largest Chip maker, Intel Corp, is getting battered this afternoon with a 6.5% drop to $21.20 after reporting a weak sale outlook for the first quarter yesterday, together with a huge increase in its capital expenditure programme totaling $13 billion, a $2 billion increase versus 2012. The shares initially reacted positively on…
After this week’s announcement that HMV Group had called in the administrators, its been a tail of woe from some of the other high street retailers today. Thorntons is down 5.5% to 43p, French Connection is down 4% to 28p and Dixons Retail is down 4% to 26p after either reporting disappointing sales figures or rumours…
The shares of computer maker Dell, rose 13% in regular trading yesterday to close at $12.29, and then rose another 3.5% after hours to close at $12.73, after rumours the company was in talks with private equity buyers. The company’s shares were briefly suspended from trading on Nasdaq after circuit breakers were triggered as they…
The following story, “Billions pumped into global equities” caught my eye in the Financial Times on Friday, highlighting the possibility that the great bull run in bonds may be coming to an end and the attendant liquidity that is likely to be released being invested in global equity markets. Though the evidence to date…
Spanish industrial production (IPI) looks to be falling off a cliff with the latest data just released showing that the annual rate of the IPI, adjusted for the calendar effect, stood at –7.2% in November 2012, as compared with –3.1% in October 2012. Durable consumer goods and capital goods sales have been hit particularly…
After dropping as low as 84p pre-Christmas, buyers appear to be returning to Xcite Energy shares once again with the price back above 100p this morning – an increase of nearly 10%, and a 25% rise for those fortunate enought to dip back in at the lows at the end of 2012. Nothing concrete…
After all the anxiety about fiscal cliff’s and the U.S. debt ceiling in recent weeks, its back to good ol’ corporate earnings from later today with the start of the fourth quarter 2012 earnings kicking off after the Wall Street close with results from aluminium giant, Alcoa. A report from Factset released last week (see…
Despite plenty of talk regarding the possibility of a major sell off in bonds this year, albeit with U.S. Treasury bonds (so far) following this prediction, investor appetite for junk bonds seems to be undiminished. The average yield on U.S. junk bonds dropped below 6% for the first time ever in recent weeks. Last week…
No great surprises from the latest U.S. non-farm payroll data, with 155,000 jobs created in December 2012 – in line with the average for 2011/12, and the unemployment rate was unchanged at 7.8%. Analysts were expecting 160,000 jobs or so to be created. The lack of a really big surprise on the upside for the payroll…
Happy New Year readers! An optimistic start to trading in 2013 with a 90 point gain right off the bat this morning in the FTSE 100 driven by relief that U.S. politicians finally got their act together and reached a last minute deal to avert the fiscal cliff. After the Senate had backed the deal…
