Reed Hastings, CEO of Netflic has received a so called “Wells Notice” (precursur to a civil claim) from the feared U.S. Securities and Exchange Commission. The Wells Notice relates to a July Facebook post that coincided with the stock’s biggest gain in almost six weeks. SEC staff alleges Netflix and its CEO violated rules governing…
7 Dec 2012 UK Corporate Announcements Berkeley Group announces H1 pre-tax profit gained 40.7% from £142.2m on revenues of £686m from £405m and states it is to invest £202m in land in H1 Abbey states that UK trading has been satisfactory but that the immediate outlook remains difficult as it details an H1…
This year has been mixed for some sectors of the equity arena, even though at the headline level the likes of the S&P 500 are actually substantially higher YTD. The first few months were great for the bulls but then everything turned negative as economic fears in China, Europe and even the U.S. weighed on…
6 Dec 2012 Cantor Opening Call The FTSE is called to open up around 10-15 points higher this morning UK Corporate Announcements Standard Chartered states that it is in talks that may result in a $330m settlement on the Iran case as it details that it has excellent liquidity and has strong…
Some of you may have caught my now near legendary (!) interview with Dominic Picarda a few weeks ago (catch it here – http://link.brightcove.com/services/player/bcpid1270513410001?bckey=AQ~~,AAAACltoSNE~,uYWbCCt1nRW_BpfWa7XvK8rsHv6x05xQ&bctid=1968896924001), in which I ran through the outlook for the major markets. This was a somewhat brave (or foolish!) endeavour given the then acute concerns regarding the fiscal cliff and which could of…
In our September magazine issue, we wrote about how sovereign bond prices were massively inflated and how risky it could be to one’s wealth to continue this buying frenzy (see here – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v8_generic Page 58). Bubbles form because people buy frenetically without looking at the real value that an asset carries. When a 10-year Gilt yields…
5 Dec 2012 Cantor Opening Call The FTSE is called to open around 25 points higher today UK Corporate Announcements Tesco announces Q3 group sales gained 2.9% ex fuel, with UK comparable sales ex VAT down 0.6%, just inside the forecasts, and that it sees increasingly tough conditions in central Europe Brewin…
The 2 trades of 107.5m at 1p and 3p I must admit has completely perplexed me as the placing stock has not been issued yet. It must be part of the placing stock however as no single party presently owns that amount in the company and there is less than 100m shares in issue. Extremely…
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