President Barack Obama won a second term in the White House last night with relative ease and in complete contrast to expectations of a tight Presidential race that opposed him with the Republican candidate Mormon Mitt Romney. The economic crisis faced during the last few years hit the U.S. economy hard, pushing unemployment up and…
Warren Buffet seems to have no doubt the direction of US housing, and for him that is up. His Berkshire Hathaway vehicle is extending its bet on the US housing market through the formation of a venture with Brookfield Asset Management as many of the ingredients for a real-estate resurgence gel together. Berkshire’s HomeServices of…
The Great Financial Crisis, which started in the U.S. in 2007, but rapidly spread to Europe leaving a massive trail of destruction all over the global economy, was especially lethal inside the banking sector. Banks had been prospering for many years as they extended ever greater credit into a buoyant global economic backdrop – a…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Wed, November 7, 2012 UK Corporate Announcements FirstGroup reports an H1 pre-tax profit of £8.4m from £127m with sales up 2.6% to £3.5bn and states that it is pleased with the progress on its strategy Burberry announces an adjusted pre-tax…
The still “shiny and happy” (on his fat salary) Mr Pummell (CEO – supposedly of Ceres!) We are loathe to mention this stock given the shocking management by David Pummell in recent months. I personally feel that games are being played here as we have detailed in recent blogs on the stock (see tags to…
Of all the swing states, all eyes will be focused on the key Midwest state of Ohio where 18 electoral votes could well prove to be decisive. Obama has an advantage in this stay after effectively saving the US auto industry from bankruptcy following the Great Financial Crisis. This will give him an edge tonight. There…
One of the most significant developments in oil markets over the past three or so months has been a pronounced widening to historically high levels in the WTI Cushing discount to Brent. From the low point in 2012 of $10.3/barrel on 20 June the discount widened to a recent high on 11 October of $24.6/barrel.…
The infamous Mr Nick Levene In yet another salutary lesson of the dangers of leverage when mixed with greed and hubris, news that Mr Levene aka “Beano” is to be sent down for 13 years will no doubt delight many of those people who he duped including the Gloag’s of Stagecoach fame. Levene was the…
Kevin Hart, CEO This mornings news from Bowleven management that they have farmed in Petrofac to share the costs of the development of their Cameroon Etinde permit is nothing short of transformational for the company. Whilst the exact share of the farm in is not clear (subject to it seems a maximum 50% share of…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Tues, November 6, 2012 UK Corporate Announcements Marks & Spencer announces H1 underlying operating profit £354.9m on sales of £4.7bn, largely in line, despite stating the recent trading has been volatile Associated British Foods reports a full year pre-tax profit…
