UK Corporate Announcements SuperGroup states that it remains committed to measured growth as it reports an underlying pre-tax profit of £42.8m from £50.2m on revenues of £313m Ashmore Group announces AUM fell 3.3% from Q3 to $63.7bn Lavendon states that it has performed ahead of the targets Associated British Foods states that its trading outlook for the full year is in line with…
And so, the third quarter has just started and investors are looking back trying to get some clues on what is going to happen before packing their bags and jumping on a plane to the next sunny beach with a calm and transparent water. Last year was frightening and no one wants to repeat the…
Quite a day for Xcite Energy! After showing the usual pattern of daily decline with a drop to 64p this morning, it is now looking rather lively with a 9% gain to 74.5p. Plenty of rumours of a StatOil takeover bid, but all unsubstantiated. The rumour mill has started that’s for sure, long may it…
We wondered aloud last weekend whether the price activity in Bowleven last week that resulted in a 20% rise on Friday (since given back of course) and the uncanny similarity between the chart of Xcite Energy would give us a roadmap for price action this week. Well, right on cue, Xcite is showing individual strength…
After a strong start to yesterday, Wall Street struggled to maintain momentum after a number of corporates reported weaker earnings and concerns arose over Germany’s follow through on Summit resolutions. The DOW closed out the session down 83 points. Although the reporting season got off to a reasonable start, Wall Street is going to be…
For more trading insights and exclusive access to FatProphets Virtual Trading Room for a full month click here Following on from last week’s Part (1) – ‘Top Ten Themes’, as noted in Part I1 we believe it is key to maintain perspective above all the daily noise that is occurring in the markets currently. Below we…
One of the most remarkable features of equity markets right now is the valuations being attributed to gold mining shares. With the price of gold having strengthened considerably over recent years, margins and profits within gold mining industry have been soaring yet share prices have exhibited significant weakness. Whether it is fears of resource nationalisation, political instability…
John Paulson, the billionaire hedge- fund manager who cleaned up to the tune of $3bn personally in 2008 with his wager against the US housing market is, it seems, digging himself even further into a deeper hole with a bet that Europe is facing a financial crisis. The $22 billion firm posted losses in all…
Have you heard of America’s “fiscal cliff”? If not, be aware that in just 176 days’ time, unless the US Congress gets a grip, America could fall off the edge of of it, plunging the nation into crisis. More about that in just a moment. But first, to give you some context, think back to…
And so the US second quarter earnings season kicked off with a mixed story from aluminium giant Alcoa. Earnings and revenues beat expectations, with rising shipments giving some reassurance about global demand levels for this key industrial metal. Although Alcoa lost money in the second quarter with aluminium prices dropping 18% from the same period…
