Latest

Friday’s Stock Market report featuring NetDimensions, BP, JD Sports and Phorm

By Swen Lorenz Latest

5 mins. to read

The Markets The European Commission issued a preliminary finding that Amazon’s tax arrangements in Luxembourg most likely constitute state aid, saying that there was “no indication” that the arrangements were compatible with the common market. The firm uses a system of transfer pricing and royalties to shift profits between its companies. Luxembourg’s deal with Fiat,…

Market Overview: It has been another week of gloom and doom in oil markets with further price falls predicted

By Master Investor Commodities

8 mins. to read

By Eithne Treanor It was another week of doom and gloom on the oil market, but the International Energy Agency hinted that the market was in a rebalancing phase and OPEC called for stronger cooperation. The oil price got a slight and temporary reprieve late this week when prices climbed more than half a dollar.…

Binary bet of the week: Black Swans and the Swiss National Bank

By Swen Lorenz Latest

2 mins. to read

by Dave Evans of binary.com Markets stabilised on Friday after the Swiss National Bank dropped a large boulder in the calm waters of the EUR/CHF, with ripple effects across the FX world. The move was completely unexpected and with other fears dominating trader’s radars, the SNB action is an archetypal “Black Swan” as made famous by…

Zak Mir on The Swiss National Bank’s Cloud Cuckoo Land Moment

By Swen Lorenz Latest

3 mins. to read

It may be said that from King Canute onwards we have seen history littered with examples of hubris losing out to forces beyond its control. For the financial markets the best example in recent history was of course the pound been kicked out of the ERM in 1992. This came as a result of an…

Tullow Oil tallies record write-offs and cuts exploration spend as it focuses on low cost production in West Africa

By Master Investor Commodities

3 mins. to read

By Amy McLellan, The oil price is continuing to inflict pain across the sector, with even the biggest companies pulling projects, shedding jobs and cutting back on expenditure. FTSE100 company Tullow Oil on Thursday announced US$2.7 billion of pre-tax write-offs and impairments and slashed 2015 spending plans from US$1 billion at the start of 2014…

Thursday’s Stock Market report featuring Experian, Tullow Oil, Bovis Homes and Bonmarche

By Swen Lorenz Latest

6 mins. to read

The Markets The Swiss National Bank has stopped maintaining the Franc’s peg against the Euro and has also reduced interest rates by 50 basis points to -0.75%. Following the news, the Euro dropped dramatically, bottoming out at 0.80 against the Franc before seeing a partial recovery. The decisions had not been expected in many quarters,…

Copper Takes A Dive As The Global Economy Wobbles And Hot Money Switches To Gold

By Master Investor Commodities

2 mins. to read

By Alastair Ford Copper prices have fallen sharply in the wake of a downgrade from the global economy from the World Bank, and as the number of put options in the market multiplies. The World Bank’s revised figures show the global economy growing at three per cent over 2015, as against the 3.4 per cent…

The morning news update with Experian, Home Retail Group and Fox Marble

By Swen Lorenz Latest

1 mins. to read

FTSE 100 Associated British Foods (ABF) – revenue for the 16 weeks ended 3rd January 2015 was 3% ahead of the same period last year at constant currency, and was 1% ahead at actual exchange rates. Expects a marginal decline in adjusted earnings per share for the group for the full year. Tullow Oil (TLW)…

Taipan Resources spuds Badada-1 in Kenya’s Anza Basin

By Master Investor Commodities

2 mins. to read

By Amy McLellan The highly anticipated Badada-1 wildcat in Block 2B in Kenya’s Anza Basin has spudded, a potential play-opener that will be closely watched by shareholders in Canada’s Taipan Resources and AIM-quoted Tower Resources.   Legal wrangles had threatened to delay the drill in November but, as predicted by the parties involved, an injunction was…

LGO Energy achieves its long sought after target of 2000 bopd from Trinidad

By Master Investor Commodities

2 mins. to read

By Stewart Dalby A year ago the managers of LGO Energy, which was then called Leni Gas & Oil, talked about production from Trinidad, and in particular from the flagship Goudron field, reaching 2000 bopd. But it seemed more like a wistful dream rather than a meaningful target. LGO had been picking the low lying…