From today’s FT – The board of Bumi Plc is weighing up severing ties with one of its Indonesian businesses as part of a restructuring aimed at reviving investor confidence in the controversy-hit London-listed coal miner. Bumi said on Monday that it had asked for an independent investigation, to be carried out by law firm Macfarlanes,…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements ICAP details that six month revenues are seen coming in 14% lower from last year stating the macroeconomic environment remains difficult, but states it makes good progress in its structural review and saw an improvement in trading revenues…
FTSE 100, Daily, Candle Last week we felt that the FTSE was looking solid in the near term trading range, red region, but that the probability looked highest for a near term bout of profit taking to bring the index down to the lower end of the trading channel. So the moves in the past…
There is an increasingly animated debate amongst economic commentators as to whether China is preparing for a hard landing or is currently experiencing just a natural cyclical slowing before regaining new growth momentum into 2013. While Europe struggles to grow and the US throws everything it can in terms of monetary policy at its economy…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements Close Brothers announces a full year adjusted pre-tax profit of £134.2m up 27% and states that it is well positioned for the current financial year Daily Mail states that it sees full year results in line with the expectations…
The continued rising tension between China & Japan is weighing further on Chinese equities in particular with the index hovering at a new 4 year low just over the key psychological level of 2000 (see below). As we covered in our latest edition of our magazine in setting out the Buy case for the Chinese…
In all its glory…. Keith Jones & Mike MCTighe have a lot to answer for. Suspension of trading in the ordinary shares and proposed appointment of administrators On 30 August 2012, JJB announced a formal sale process and that it wished to invite offers to support further investment in the Company. Since that date, JJB…
From this mornings RNS The Company has become aware of allegations concerning, among other matters, potential financial and other irregularities in the Company’s Indonesian operations, especially in relation to PT Bumi Resources Tbk, in which the Company has approximately a 29 per cent. interest. An independent investigation has been commissioned to investigate the allegations on…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Monday, September 24 2012 UK Reporting:- Barr (A.G.) Plc, BAG, (R), Dairy Crest Group Plc, DCG, (R), Pantheon Intl Particip-Ord, PIN, (Pr), Petra Diamonds Ltd, PDL, Royal Dutch Shell Plc-A Shs, RDSA, (Pr) S&P 500 Reporting:- Lennar Corp, Q3, 0.271, Paychex Inc,…
