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Sir David Jones, one of Britain’s most successful retailers, credited with building Next into one of the UK’s largest fashion groups, has been charged in relation to alleged misleading statements  during his time as executive chairman at now bust sportswear chain JJB Sports. Jones, who turned 70 this month and has been living with Parkinson’s disease…

Lars Seier Christensen, the co-chief executive officer of Danish bank Saxo Bank has come out on the tape and said that the euro’s recent rally is illusory and the shared currency is set to fail because the continent hasn’t supported it with a fiscal union. “The whole thing is doomed,” Christensen said Friday in an…

18 Feb 2013 Cantor Opening Call The FTSE is seen around unchanged today   UK Corporate Announcements BATM announces a full year EBITDA of $3.1m from $3.5m and a net income of $0.7m from $3.7m and sees revenue growth in 2013 significantly higher than 2012   UK Market News Reports suggest that Vodafone may make…

When I’m 84 While we may live in a world where youth and being youthful is all the rage, it would appear that the old guard is still capable of making a splash. This is despite one of the favourite catchphrases of my 81 year old father being, “There is no fool like an old…

UPDATE (2) 15 FEB – The rap sheet for an inflated market ripe for an out of the blue correction grows ever larger – 2 more charts presented below (note the 2nd chart of the small lag before breakdowns) –  UPDATE 15 FEB – After yet another day of no volatility and the market moving…

Below is an excerpt from a piece by Shares Magazine’s contributor Dan Coatsworth that is a stark illustration as to why it is not just “anal”ysts who should be struck out of the industry given the collective value destruction they create (see post below on the Vampire Squid – Goldman Stinks). Here’s what he actually…

SBM’S TAKE (UPDATE 15 FEB) – We might have been wrong on the acquirer re Betfair, but at least out traders nose is still working..! 3 bidders no less interested – this is very positive for shareholders and will mean that there is more likelihood of full value being paid. I also wouldn’t discount just…

Below is the 5 day Heinz chart and needs little explanation… Why oh why does anybody deal with these “people”?! In my opinion they should have been allowed to go the wall back in 2008 as Lehman’s were, but of course the “Goldmanite’s” are everywhere in positions of power… All about looking after vested interests.…

Cable, Weekly   From 2009 cable has been in a tightening formation, black lines. Retracement lines calculated from the gains posted in 2009 have proved to be of interest in recent years, particularly the 50% level through 2012, red lines.  RSI over this period has stayed above the 40 level, in bull trends the RSI…

14 Feb 2013 Cantor Opening Call The FTSE is seen opening around unchanged on the open today   UK Corporate Announcements Rio Tinto announces a wider H2 loss, its largest for 14 years, as it takes a one time charge of $14bn on the value of its aluminium and coal business, but still just ahead…