Risers: Empyrean Energy +5.26% Empyrean Energy has today reported a significant increase in half-year net profit at £2.38m in comparison to £66,000 a year earlier. The US onshore oil, gas and condensate exploration company has said the improved results are due to an increased pace of drilling at its Sugarloaf project. Revenue for the HY…
Asian markets had mixed results last night ahead of the Bank of Japans decision on monetary policy and continuing volatility in the Chinese interbank lending market. The Nikkei 225 finished up 11 points after initially remaining cautious ahead of the policy announcement, the decision to maintain easing lead to a late surge to finish in…
Do with below what you will. We intend to trade AGAINST the consensus! Pimco: Fed taper leaves USD unattractive within G-10; USD isn’t expected to appreciate in 2014, Thomas Kressin, head of European foreign exchange at Pimco, says in interview EUR, GBP and Scandinavian currencies to remain strong vs USD in next 3 to 6…
Risers: WPP Group +2.35% WPP Group’s operating company, GroupM, has today acquired a majority stake in social media marketing agency ClickMedia for an undisclosed sum. Vietnam based ClickMedia specialise in cohesive social media marketing including campaign strategy and implementation, crisis prevention and employs around 55 people. United Carpets +52.00% United Carpets has today reported an…
Kazakhmys & the parallel universe Part (2)… Well it seems that I am stuck perpetually in Groundhog Day… Another day, another hit to Kazakhmys and the mining spectrum… In this parallel universe I happened however to come across a number of “anal”yst recommendations, the evolution of one which I present in all its “glory” below.…
The euphoria surrounding tapering of U.S stimulus throughout the last week or so has culminated in the Federal Reserve taking the risky step of beginning the winding down process. The Central Bank refrained from taking any exuberant steps, instead deciding to trim the pace of its monthly asset purchases by $10billion to $75 billion. Policy…
So, with the year of 2013 almost at an end, unless Mr Bernanke decides to raise interest rates this year and sell bonds back to the market (see that pig fly by?!), it looks likely to end up as one of the best years for equity investors in recent times. Although the FTSE 100 rose…
In a typically quiet week as we go into the final furlong towards the festive period, there could be some fireworks in the markets tomorrow as the US FOMC announces the outcome of its 2 day meeting. All eyes are on Bernanke and whether he sets in motion the so called tapering of the massive…
