In the midst of a so called “summer”, with volumes very low, it is often the case that the main stock market indices can move around in quite a volatile way. Not this year however with a slow grind higher being experienced week by week in total contrast to last summer where bad news on…
With the likes of Bowleven, Gulf Keystone, Xcite Energy, Sound Oil, Red Emperor, Range Resources and many other AIM oil and gas stocks at apparently at or close to near term lows, it’s important to realise that the sector as a whole is actually still some way off its 2009 lows. The AIM oil and…
A welcome start to the trading day, our Long call on GBPAUD has hit our first target this morning at 1.5020 (see chart below) Following a few days hovering around the 1.4900-1.500 mark we have had a decisive break this morning and by the look of the chart we could see our next target at…
What a fortnight Britain has just experienced! We doff our hats to the hundreds of thousands of people involved in the organisation of the greatest show on Earth, from the inspired performances of our athletes, all the way to the thousands of volunteer ‘Games Makers’, whose enthusiasm played such a big part in making our…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Rank reports a full year revenues of £572m from £556m and an operating profit of £65.5m from £62.9m Pennon announces that its performance has been in line with its expectations Innovation Group states that trading has continued positively Melrose announces a…
Following the double whammy of RNS’ today from Lonmin relating to the serious illness that has struck Ian Farmer the CEO and the ongoing violence issues at its South African mines (and with veiled hints at debt covenant issues) we have opened a new long position in this stock with high conviction. The company is,…
It seems investors are content to continue to bid equities up with key US indices finishing flay yesterday. This is perhaps not surprising given the gains we have seen over the past 10 days. Markets will also no doubt be mindful of attention turning towards the Fed Meeting at the end of the month. Mixed…
UPDATE – The stock is again up this morning on heavy volume of approaching 1m shares already. I understand that discussions with a number of institutions in relation to a fund raising have gone very well and so it looks likethe future of the company is secure to the point of commercial launch. It wouldn’t…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Hikma Pharma announces H1 profit of $40.4m on revenues of $532m on sales of $532m Carclo states that it is trading in line with its expectations Micro Focus announces plans to return 50p/share to shareholders, as it keeps its full year…
After being accused of money laundering activities by the New York State Department of Financial Services, headed by Benjamin Lawsky, Standard & Chartered agreed yesterday to pay $340m (£271m) to settle the accusations. The stock rose today but they are still below its pre-crisis level as some investors expect there to be potential spillover connotations.…
