As seen in this month’s issue of Master Investor Magazine. Life here goes on in its usual magical way; a bit like Prospero’s magical Isle – as Mr. W. Shakespeare of Stratford on Avon would have put it. Things happen and you do not quite know how or sometimes why; a bit like the internet or…
– The FTSE 100 closed the day at 6,631.00, an increase of 75.72 points. – The FTSE 250 rose by 124.92 points to finish at 17,512.81. – The FTSE All Share grew by 38.41 points to 3,618.45. – The FTSE AIM All Share finished flat at 749.16. Tullow Oil (TLW) will not pay an interim…
Two profit announcements today that are quite interesting… First off: Barclays (BARC). I wrote about banks in my blog of July 16th. Barclays did reasonably well out of the collapse of Lehman Brothers. They picked up Lehman assets for a song and sold them in the last reporting period, making almost £500 million profit. The…
Summer seems to be ‘a coming in’ to judge from the first half results for the current year; not so much proving that crime and misdeeds pay, but rather that they can be paid for with further provisioning while still producing a rise in profits. I turn to my previous note on Barclays (BARC), sent…
