For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements CRH details that sales gained 5% with an H1 pre-tax profit of €117m and that the pace of the US growth has tenmpered Standard Life reports an H1 net income of £254m and an operating profit of £302m up 15% and…
We called a partial entry on GBPAUD on the 1st Aug at 1.4900 and entered the 2nd half at 1.4780 on the 8th Aug to give us an average of 1.4840 (Click here – http://www.spreadbetmagazine.com/blog/2012/8/8/2nd-and-final-tranche-of-sterling-aussie-gbpaud-position-ent.html_ The daily chart below shows the pair breaking to the upside through the prolonged 2 months down trend. The height…
Private equity firms have just submitted final bids to acquire privately-owned stock photo agency Getty Images, the largest supplier of stock photos, video and other digital content in the world, in a deal expected to be worth $3.5 billion to $4 billion. The company was co-founded by Mark Getty and Chief Executive Officer Jonathan Klein in…
The rapid decline in Facebook’s share price since listing has brought about headlines of a new bubble in ‘social media’ companies. Certainly there may be some merit here as Facebook and others have yet to prove their ability to monetise their massive databases on the scale which has been forecast. This burden however does not extend to…
The Telegraph reported last week that at the Business Summit on Energy, hosted by UK Trade & Investment at Lancaster House with political luminaries George Osborne and Vince Cable present , Simon Thompson, chairman of Tullow Oil said that the UK North Sea was “one of the least stable fiscal regimes” in which he operates…
One of the sentiment indicators that we follow is the weekly survey conducted by the American Association of Individual Investors (AAII). In this poll, the AAII asks its membership where the market is heading in the next six months. Prior to last week’s report, the bears had outnumbered the bulls in this survey for 13…
Monday, August 13, 2012 UK Reporting:- Easyjet Plc, EZJ, (SM), Michael Page International, MPI, (R), Michael Page International, MPI, e, (CC), Mitie Group Plc, MTO, (R), Petrofac Ltd, PFC, e, (CC), Petrofac Ltd, PFC, (R) S&P 500 Reporting:- Sysco Corp, Q4, 0.543 S&P 500 Ex Dividends (gross):- Aflac Inc, AFL, (.33), Avon Products Inc, AVP, (.23), Bank of…
That we are bulls of RIM is well known to our regular readers. Last week was the first time in 3 months that the stock closed towards its weekly highs and volume was punchy too as the chart below shows, trading just under 150m shares. In short, good price action. We thought we’d look for…
Interesting news this weekend that leading retail analyst Philip Dorgan, who has been a perpetual sceptic of Ocada, has warned that the online groc is in “significant danger of breaching its banking covenants this year, owing to a toxic cocktail of a pile of debt and falling market share”. He described it as the “beginning of the…
When we look at the 2011 performance for the main world equity indices, we can clearly see that the blue chip Japanese index, the Nikkei 225, underperformed the others by quite a margin. While the S&P made a late year rebound to close essentiallt flat, the Nikkei ended the year with a retreat of almost…
