Standard Chartered is the third British bank to be the target of the US regulator this summer. After coming through the Great Financial Crisis much better than most other global banking peers, Standard Chartered was well & truly hammered today as investors in the Asia focused bank ran for the exit following a threatening warning…
FTSE 100, Daily, Candle Last week we still felt that the bearish argument had not been entirely won, and that as a result the FTSE was looking vulnerable to some short term profit taking. So the continued strength in recent days, pushing the FTSE 100 up to fresh near term highs, has been more bullish…
The curse of “algo” or algorithmic trading – the buying and selling of shares driven by computer programs has come back to haunt the markets yet again with the $440 million loss suffered by US trading house, Knight Capital. On May 6th 2010, the U.S. Dow Jones Industrials suffered what is now termed ignominiuosly a…
In short, reaction overdone. 1st Target 1270p intra-day on 50% of position. End week target – 1400p UPDATE – 2nd and final tranche added @ 1152p.
And so, we get the first opportunity to see whether T Buckingham’s bullish view of the Shell OML30 Nigerian fields is shared by “Mr Market” as the shares are restored to the Official List. Let’s see if they Grey market indiciation prices of 170 – 190p were correct. Take your places… Interesting snippet in today’s…
UK Corporate Announcements Bellway details completed house sales of 5,226 from 4,922 and a pre-tax profit of £98m and states that demand for homes has stayed resilient Meggitt announces an H1 adjusted EBITDA of £321m just under the forecasts of £244m seen, on revenues of £776m from £650m Legal & General reports a pre-tax profit…
Following the muted response to the Rockhopper farm-in deal with Premier oil announced just a few weeks ago in July, fellow Falklands Islands oil explorer, Falkland Oil and Gas (FOGL) was chirpy this morning on news of its own additional farm out agreement after the original one of a couple months ago with Edison. The…
The news today that $400m is being raised by way of a Convertible Bond at a massive discount to Fridays close – $1.50 is bittersweet news for existing shareholders – it avoidsbankruptcy and total wipe out but dilutes them very extensively – they got from 100% owners to 30% and so control is given to…
The stocks been on quite a tear recently and given our overall bullish leaning on the market, think this is an interesting hedging short to have out based upon the overbought status and susceptibility to a snap back.
Heritage Oil provided further details this morning about its planned rights issue to help fund the 850 million dollar purchase of Royal Dutch Shell PLC’s most prolific oil block in Nigeria aswell as reporting higher oil output during the first half of the year in its dual interim results release. Shoreline which is 45%-owned Heritage, will buy…
