The reality of the terrible financing situation in the UK for many small and medium sized firms at present is very clear in the markets when you look at volumes and the share prices of the harder to finance smaller firms. The bank loan markets, for so long the source of the majority of funding,…
10 Dec 2012 Cantor Opening Call The FTSE is seen starting the week up around 10 points higher UK Corporate Announcements AG Barr announces 18 week revenues of gained 9% and that margins have performed in line with the expectations Greggs announces that its CEO is to resign, to take up a…
Monday, December 10, 2012 UK Reporting:- Barr (A.G.) Plc, BAG, (R), Astrazeneca Plc, AZN, (Oth), Glaxosmithkline Plc, GSK, (Oth), International Personal Finan, IPF, (Pr), Polar Capital Technology Tr, PCT, e, (CC), Schroder Oriental Income, SOI, (SM), Sdl Plc, SDL, (SM) S&P 500 Reporting:- None Detailed Euro Stoxx 600 Reporting:- None Detailed Economic Data:- 09:30 Eurozone December Sentix Investor…
A couple of blogs ago I focused on various mining stocks but missed out the technical setup at Anglo American (AAL) and which is of all the more interest since the announcement by the CEO of some five years standing, Cynthia Carroll, that she is heading for the exit. Of course, the situation in terms…
An RNS announcement out just before midday Resignation of Director Bumi plc (“Bumi”) announces that Indra Bakrie, a director and co-chairman of Bumi, has resigned with immediate effect. In his letter to the Bumi board of directors Mr Bakrie stated that because the initial objective of the Bakrie Group in pursuing a London listing had…
And so John Walsh, a client services executive who is currently studying to become a Black Taxi Cab driver, has beaten seven other competitors to win City Index’s Trading Academy. The Trading Academy competition took place over six weeks, as eight aspiring traders with little or no trading experience battled it out to win a…
The U.S. payrolls headline number was reported better than expected in November with the creation of 147,000 jobs, beating the consensus estimate of just 80,000. It seems economists had overestimated the effects of Hurricane Sandy on the jobs market and which in fact had limited effects albeit mostly due to the accounting treatment of data.…
Reed Hastings, CEO of Netflic has received a so called “Wells Notice” (precursur to a civil claim) from the feared U.S. Securities and Exchange Commission. The Wells Notice relates to a July Facebook post that coincided with the stock’s biggest gain in almost six weeks. SEC staff alleges Netflix and its CEO violated rules governing…
7 Dec 2012 UK Corporate Announcements Berkeley Group announces H1 pre-tax profit gained 40.7% from £142.2m on revenues of £686m from £405m and states it is to invest £202m in land in H1 Abbey states that UK trading has been satisfactory but that the immediate outlook remains difficult as it details an H1…
This year has been mixed for some sectors of the equity arena, even though at the headline level the likes of the S&P 500 are actually substantially higher YTD. The first few months were great for the bulls but then everything turned negative as economic fears in China, Europe and even the U.S. weighed on…
