Initial jobless claims in the US jumped sharply in the week ending July 14 to 386,000, as reported today by the US Labor Department, while economists surveyed by Bloomberg were expecting 365,000. Last period claims were revised higher by 2,000 to 352,000, but still the lowest number in weeks. Initial jobless claims have been consistently…
The RNS this morning from JJB was truly shocking and, as much as it pains me to say it, Evil Knievil was correct on this one and we were wrong. We were ready to give Keith Jones the benefit of the doubt following extensive dialogue with him towards the end of last year. Alas, it…
Following our “balls to the wall” Trading Buy call yesterday on Nokia (see post), Nokia today reported better than expect results, with an adjusted loss per share of 8 euro cents, compared with the market’s average forecast of 9 euro cents, and held net cash of 4.2 billion euros ($5.2 billion), compared with the market’s…
Determined buying this morning and a suspicious 50k print yesterday. UPDATE – We have just spoken with Buchanan – their corporate relations company and the words “no comment” in relation to a bid approach were relayed. With the stock now up 25% it looks likely that a stock exchange announcement is likely to be forced…
UK Corporate Announcements Britvic announces Q3 revenues fell 7.6%, 5.1% constant currency, impacted by the poor weather and product recalls and states it is reviewing its plans for 2013 and expects a reduction in its 2013 guidance Kingfisher details Q2 LFL sales fell 0.4% stating the inclement weather affected sales, and expects gross margins to…
An interesting RNS from Worldlink whose shares are still under suspension – Andrew Ellis secures 51% of Worldlink’s Sports Division Worldlink Group Plc (“Worldlink” or the “Company”), the UK listed Company with patents on providing changing data in real-time for mobile devices, today announce that Across the Line Limited, a company funded by London based…
It’s fair to say that the 2 picks that we have got wrong this year are Research in Motion& Nokia – calling Conviction Buys on both at prices of $13 and $2.50 respectively. We believed the brands, balance sheet cash piles, price to cashflow, price to book etc made them a raging buy at prices…
This magazine, as regular readers will know, believes that the AIM Oil & Gas arena is in the latter stages of a bear market/the embryonic stages of a bull run – one that will be peppered with corporate takeover activity over the ensuing months. Such are the valuations on many of these stocks, particularly those…
UK Corporate Announcements London Stock Exchange announces Q1 total revenues of £179m up 10% and states that market conditions have remained weak and that it expects the summer period to be quiet Speedy Hire states that Q1 has been in line with expectations and that the full year had started satisfactorily Land Securities states that it sees progress…
Investors have been desperately hoping for positivity in Bernanke’s recent comments, poring day over day, meeting over meeting, month over month for clues to QE3. Last week, on Wednesday, everyone was anxiously waiting for the FOMC minutes in order to search for these clues that could give the slightest idea QE3 was imminent. Unfortunately for…
