FTSE 100 Tesco (TSCO) – Philip Clarke steps down as CEO to be replaced by Dave Lewis from 1st October. Current trading conditions are more challenging than anticipated at the time of our first quarter interim management statement on 4th June, with sales and trading profit in the first half of the year somewhat below expectations.…
I’m forever blowing bubbles, pretty bubbles in the air… Despite the recent comments made by the Bank of International Settlements in its annual report urging for the Western world’s central banks to reverse the course of super loose monetary policy in developed countries and to allow for increases in interest rates (as the bank sees…
Telecommunications services business AdEPT Telecom (ADT) is a cash cow that is managing its business well and stepping up returns to shareholders. Although it operates in the declining fixed line telecoms market, it is managing that decline well and managing to offset it through growth in data, mobile and broadband, as well as through some…
Nearly 6 years now, on 16th December, 2008 the Fed cut its already very low funds rate to the 0.00% – 0.25% range and hasn’t touched it ever since. One has to go back over a hundred years to see the same type of stability in rates and indeed, it pays testimony to the depth…
Jamie Caruana of the BIS The chief of the Bank of International Settlements (BIS), Jaime Caruana, believes investors are continuing to ignore the prospects for higher interest rates in their hunt for returns given the extended ZIRP policies of the world’s major central banks. He added that “the world is now more vulnerable to a…
by Dave Evans of binary.com Markets Hold After Ukraine Tragedy Markets were sold off heavily on Thursday following the tragic destruction of the Malaysia airlines flight over Eastern Ukraine. It was an airline from a country with no connection to the conflict, largely carrying delegates from the Netherlands to a conference on AIDS in Perth.…
CLICK THE IMAGE BELOW TO VIEW TODAY’S VIDEO Spreadbet Magazine editor Zak Mir takes a look at the technical position of some of the bulletin board stocks of the moment amongst private investors. Here are the key points from today’s video: Rare Earth Minerals (REM) Rebound off former June resistance at 1.18p. Implied partial / full retest…
FTSE 100 None reporting FTSE 250 Homeserve (HSV) – is trading in line with expectations. The UK business has made solid progress in the first three months of the current financial year, with a continued strong retention rate. The International businesses continue to deliver growth in customer numbers and secure affinity partnerships. SIG (SHI) – has…
Gold and silver prices pulled back sharply on Monday and Tuesday this week with the “reason” put out by market commentators that investors had become less concerned about major geopolitical issues in the Middle East (Syria, Iraq as well as Israel and Gaza) and the Ukraine. At the same time, they also seemed happy to…
