Michael Steinberg The U.S. Securities and Exchange Commission (SEC) continues to nip at Steve Cohen, the hedge fund billionaire and CEO of the $16 billion company SAC Capital’s heels. Last week, the Feds arrested one Michael Steinberg, a former SAC portfolio manager and trusted lieutenant of Stevie at his multi-million dollar apartment in New…
Freeze public sector pensions Increase the statutory retirement age by 2 years for the various categories of employees Reduce preferential treatment of specific groups of employees, like members of the army and police force, in the occupational pension plans, in particular concerning the contribution to the lump-sum benefits; Reduce certain benefits and privileges for state officials…
20 Tickets for the UK’s Top Investor Show – Just for Spreadbet Magazine Readers! The UK’s top investor show is taking place in less than two weeks’ time at Excel in London on April 13th. Featuring investment legends such as Mark Slater, Nigel Wray, Lucian Miers, Nick Leslau, gold guru Dominic Frisbey, Alpesh Patel and…
What a “sad” week it has been for British politics, with the departure of David Miliband – the more talented of the Miliband brothers who is leaving Ol Blighty to join a charity called International Rescue. People (boys of 40 plus) of a certain age will know this from the show Thunderbirds – quite appropriate…
We wrote about ABG some weeks ago now when the stock was trading around 230p following the breakdown of takeover talks which China National Gold who had planned to buy the majority stake in the company from parent shareholder Barrick Gold. Since that point, it has largely been one way traffic with the stock finishing…
So, the banks in Cyprus finally reopened today at 10.00 UK time, freshly filled with newly minted ECB euros and transported in armored trucks overnight (to keep the rioting masses at bay!) as the Cypriot authorities were concerned with what could happen when the banks reopen. The British company G4S (they obviously know nothing…
My “friend” Mr Rudofsky of the corporate basket case that has been D1 Oils and latterly NEOS Resources, reported the following results today (and he was “pleased” to report this too!!!) The overall Group loss for the period was GBP419k (6 months to December 2011: loss of GBP1.6m) and the loss per ordinary share was…
From my experience of the Editor of Spreadbet Magazine, he is that “cuddly”, that even the financial markets dare not go against his judgement of where the price action should be for too long!! Therefore, it will be very interesting to see whether his hint to me that Gold and Gold stocks are set to…
It seems like it was only a few weeks ago, and indeed it was, that we relayed the best performers in the FTSE 350 were our picks of Lonmin, Bumi & ENRC. Well, in the space of just over 3 weeks, certain of the mining stocks have fallen by almost 50%. Yes, that’s right 50%,…
