A very big week to come for company earnings and economic news. So far so good for the US Q1 earnings season with nearly three quarters beating analyst estimates. Corporate America is in good health and it needs to be to overcome all the negative news flow from Europe. The UK is back in recession…
Conor Foley – incumbent CEO of Worldspreads at the time of the fraud. Simon Mundy of the FT has broken the following story in todays FT – “Worldspreads had moved 80 per cent of its clients’ funds out of segregated accounts at the time of defunct spread betting operator’s failure, and may have routinely misused…
The following extract was published in the FT on Friday, “Explorer Xcite Energy edged higher by 1.4 per cent to 106.5p after it appointed Jefferies and Rothschild to investigate options to fund the $360m cost of its second stage of development for its Bentley field in the North Sea. Options would include a farm-down of…
The world consumes 87 million barrels of oil per day In 2011, global oil production averaged 88 million barrels per day The average oil consumption per capita in China is 2.5 barrels per person versus 23 in the US, 10 in the UK, 13 in Japan and 33 in Saudi Arabia A US geological…
I have now joined Spread Bet Magazine as an ongoing contributor to the blog. Contrarian Investor UK will be suspended from today and all my further posts will be posted here. Thanks for your continued support!
Thursday’s news essentially safeguards JJB’s future for the next 24 months, in particular with Bank of Scotland renewing their facilities right out to 2015. The impending Olympic Games is an extremely important period for JJB and we believe this was likely a critical element of the attraction to Dicks. With a brightening economic outlook and…
