The Markets The Organization of Petroleum Exporting Companies (OPEC) resisted calls to cut production quotas at a meeting held today in Vienna. Brent crude hit a fresh four year low of $74.79 (47.50 pounds) a barrel, with prices dropping by over 30% since June. A number of cartel members have expressed concerns as the oil…
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CLICK THE IMAGE BELOW TO VIEW TODAY’S VIDEO Spreadbet Magazine editor Zak Mir takes a look at the technical position of some of the bulletin board stocks of the moment amongst private investors. Here are the key points from today’s video: Aminex (AEX) The shares have been travelling within a rising trend channel from June.…
FTSE 100 Legal & General (LGEN) – announces a bulk annuity contract with the TRW Pension Scheme removing £2.5 billion liabilities from TRW Automotive’s balance sheet and insuring over 22,000 of the Scheme’s pensioners. Rio Tinto (RIO) – has formally approved the development of a fourth pipe, known as A21, at the remote subarctic Diavik…
The Markets The Confederation of British Industry expects that this Christmas will be a chilly one for the UK retail sector as profits face a squeeze due to intense competition and tight household budgets. Across the private sector as a whole, sentiment is more positive, with the CBI’s survey of 130 businesses suggesting that many…
CLICK THE IMAGE BELOW TO VIEW TODAY’S VIDEO Spreadbet Magazine editor Zak Mir takes a look at the technical position of some of the bulletin board stocks of the moment amongst private investors. Here are the key points from today’s video: Mosman Oil & Gas (MSMN) The shares have delivered a higher November support zone…
FTSE 100 United Utilities (UU.) – underlying operating profits up by 1% at £343.1 million in the six months to September, dividend up by 4.6%. Compass Group (CPG) – underlying pre-tax profits up by 5.4% at £1.159 billion in the year to September, dividend up by 10.5% at 26.5p per share. Wolseley (WOS) – posts…
The Markets The US economy grew at an annualised rate of 3.9% between July and September according to the latest figures from the Bureau of Economic Analysis. This was an upgrade from the 3.5% level that the government body had initially estimated. The largest driver of the improvement was consumer spending, which grew 40 basis…
by Frederik Vanhaverbeke In the latest of a new series for SBM Frederik Vanhaverbeke, author of Excess Returns: A comparative study of the methods of the world’s greatest investors, looks at how some of the world’s greatest investors are so successful. The percentage of investors who own 25 or more different stocks is appalling. It…
A few weeks back I charted some of the contemporary greats in terms of fund management performance, Giles Hargreave, Mark Slater and Neil Woodford. Now I am varying the remit in looking at where the brightest fundamental prospects on the AIM market are, as shown in the table below. The best of both worlds, using technical…
