Accendo Markets Weekly Roundup, 17 May 2013 - One bank bailout back in the black; Market pause but no rewind

17 May 2013 @ 15:50
This week’s hurdle proved more resilient, the FTSE100 index struggling to gain traction above 6,700, but we have made much progress. The move up from 6,600 was faster than expected, however, limited gains above 6710/15 for much of the week, all the while with support just 45pts below, suggests we may have had the sideways […]

Lonmin Pre-Tax Profit Triples in First Half

13 May 2013 @ 14:50
The world’s third-largest platinum miner, Lonmin (LSE:LMI), announced its six-month results this morning.  The news was a far cry from the year-end results they published on 09 November 2012.  The thing that stood out the most last November was Chairman Roger Phillimore’s statement that “The publication of today’s results closes a painful chapter in Lonmin’s […]

How Bold Does a CEO Have to Be? ArcelorMittal Knows

10 May 2013 @ 16:44
How bold does a CEO have to be to say, “Our performance in the quarter reflects the results of the management action we have taken,” when the performance  was a net loss of $345 million? I’d say he’d have to be even bolder to make that statement especially when the company made a net profit […]
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