FTSE 100 Meggitt (MGGT) – underlying trading since June has been broadly in line with expectations, with organic (excluding the effects of M&A and foreign exchange) revenue growth in the third quarter of 5%. Marks & Spencer (MKS) – underlying pre-tax profits up by 2.3% at £268 million in the 26 weeks to 27th September,…
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: Leni Gas & Oil (LGO) The shares are attempting to regroup after a sharp decline…
FTSE 100 Imperial Tobacco (IMT) – adjusted earnings down by 3% per share at 203.4p for the year to September, dividend up by 10% at 128.1p per share. Associated British Foods (ABF) – Adjusted profit before tax up by 2% at £1,105 million in the 52 weeks to 13th September, dividend up by 6% at…
We are into the last real month of the financial year. December, of course, is just a never-ending round of parties and drinks – or at least it used to be before markets lost their sense of fun and got serious. And I can’t be particularly enthused about office parties. About 100 years ago, when…
by Dave Evans of binary.com The Week the BOJ Lit the Fuse Under the Dollar Rocket Last week was always set to be a busy one, with the US Federal Reserve formally ending its Quantitative Easing activities. As it turns out, this benchmark moment was superseded by other events, not least the Bank of Japan…
Last week I highlighted that the markets tend to move in the direction of greatest collective financial loss, at least in the near term. Perhaps this concept also related to the moral proverb “the Lord giveth, and the Lord taketh away.” This is especially the case as far as current stock market bête noire Tesco…
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: Independent Resources (IRG) The shares are attempting to regroup after a sharp decline from…
FTSE 100 AstraZeneca (AZN) – has completed the strategic transaction to transfer the rights to Almirall’s respiratory franchise to the company. Diageo (DGE) – has agreed with Casa Cuervo the acquisition of Tequila Don Julio and the early termination of Casa Cuervo’s production and distribution agreement for Smirnoff in Mexico. In return, Diageo has reached…
The witching hour is about to begin, so we’ve put together a selection of charts that will really get your blood curdling… Happy Halloween! NYSE Margin debt is at record levels… At a time when the S&P 500 is beginning to look overvalued in CAPE terms… And brokers’ earnings forecasts are being downgraded… And what…
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: Castleton Technology (CTP) The shares are attempting to re-group after a sharp decline from…
