Todays report that RIM is considering a variety of options including an outright sale of the handset division, splitting into two or a partial sale of the company to a third party does not surprise us. Our fellow blogger Contrarian UK listed the issues surrounding the eponymous Blackberry maker in a post yesterday and we…
From Reuters today. Click here for news link Heritage Oil has agreed to buy a stake in a string of Nigerian oilfield assets, known as OML 30, in a deal which Heritage said on Sunday would diversify its portfolio and significantly increase its production capabilities. Heritage and its Nigerian partner, Shoreline Power, have agreed to buy a…
The current sentiment backdrop for US & Global markets remains conducive to one in which equities are likely to continue higher and take out recent resistance. Below are 5 important elements to consider – 1. Short positioning. The disappearance of short covering that began in March and a build in short interest since May has…
Hello all new readers to my very first entry on the Spreadbet Magazine blog. I intend to share my thoughts & views on the current state of the market and, more importantly, the trades that I place – in short, I’m baring my trading soul and at the very least hope to illustrate where both…
UPDATE (1) – A VICTORY FOR THE SMALL SHAREHOLDER! THERET, WYNNE-EVANS & BASING WERE ALL VOTED OUT AT TODAYS AGM. CRACK OPEN THE CHAMPAGNE TONIGHT TROOPS & WAIT FOR THE POTENTIAL LEGALS SUITS REGARDING THE BOARDS CONDUCT IN RECENT MONTHS TO BEGIN TO SURFACE… And so the saga of Plus and the glaring disconnect between…
Markets were fairly weak yesterday as attention continues to focus on the European Summit, and whether the powers that be can agree on a plan to address the Continent’s debt crisis. Key European indices the DAX and CAC were both down 0.37% while the FTSE was off by 0.56%. The DOW and S&P meanwhile rebounded from significant…
Let’s turn back to 2007 and the heady days ahead of the Great Financial Crisis which would ultimately fell the world. It was reasonably obvious that a bust would come, although the extent of it was dramatically under-estmiated by even the most fervent bears However, if you were a Bank you could see the leverage…
Worldlink signs heads of terms Worldlink Group Plc (“Worldlink” or the “Company”) are pleased to announce that it has signed heads of terms with 3 Premier League Football Clubs under which Worldlink becomes the official betting and gaming partner of those clubs. Under these heads of terms there are certain financial commitments which need to…
The major technical break of the inverse head and shoulders which was widely lauded when the S&P price action broke through the neckline resistance of 1335, on 15th June, is now back below the neckline indicating that the potential for a trend reversal to the upside was not as solid as it seemed. The S&P…
