26 Feb 2013 @ 15:16
AIM-listed Rare Earth Global Limited (
LSE:REG) did not meet market expectations and will report a loss for the year ended 2012, the China-focused miner, refiner, and trader of rare earth elements forewarned today ahead of the preliminary results to be reported in May. REG sustained more losses in the second half of 2012 after the […]
26 Feb 2013 @ 14:48
“Good morning, Holmes. Anything interesting in the news today?” “Yes, in fact, Dr. Watson there is.” “What is it, Holmes? Are you not going to tell me? Must I guess?” At this point, Holmes handed the disheveled paper to Dr. Watson and said with a sigh, “It’s Elementis, my dear Watson. It’s Elementis.” Holmes had […]
26 Feb 2013 @ 12:47
Ratings agency Standard & Poor’s said late Monday Rio Tinto plc’s (
LSE:RIO) debt may further rise in the current year and the next unless the diversified global miner sells off large assets or iron ore price stabilises at a certain price, pushing the London-listed firm’s shares down on Tuesday. S&P revised its outlook from stable […]
26 Feb 2013 @ 12:00
Italian election leaves inconclusive result causing sharp market falls European markets have opened to falls following an inconclusive result in the Italian elections, with the Frankfurt and Paris exchanges falling by over 2%. Closing whilst election results were being announced New York’s Dow Jones Industrial Average fell by 1.55%. By late morning trading Europe’s major […]
25 Feb 2013 @ 23:15
Increasing pressure on UK Chancellor after Moody’s downgrade and sterling concern. The UK’s senior economics minister George Osborne has said the government will “redouble its efforts” to reduce the country’s debts after rating’s agency Moody’s downgrade the UK from AAA to Aa1. Speaking in a House of Commons debate Mr Osborne argued that the rating […]
24 Feb 2013 @ 16:26
Energy giant Centrica announces report highlighting its economic benefits Multinational utility company Centrica contributes £14.1bn to the UK economy according to a report by Oxford Economics. Published ahead of the companies full-year results, which are expected to show a 15% rise to £2.77bn, Centrica are hoping the report will fend off public criticism over profits […]
24 Feb 2013 @ 07:21
This article first appeared in my bi-weekly free Tomograph newsletter. I guess it now merits a wider audience. If you would like more of the same sent to you by email (including a free share tip in the midweek issue sign up HERE In the old days when the Conservative party was led by a […]
22 Feb 2013 @ 15:10
Nat Rothschild left the Bumi shareholders meeting in London yesterday, 21 February, having lost a major battle, but vowing to fight on. Nineteen of Rothshild’s 22 proposed resolutions were rejected by shareholders. The Bumi share price followed by continuing its year long 60% decline with a 21.3 pence plunge (5.44%) to 370.0 shortly past midday […]
21 Feb 2013 @ 14:39
No one in their right mind ever said that business is easy. Even the biggest and best of companies suffer the slings and arrows of misfortune. BAE Systems (LSE:BA.) is an example. Despite less than spectacular results for 2012, investors showed confidence in BAE today, boosting the company’s share price by 5.1% to 349.1. Shareholder […]
21 Feb 2013 @ 08:09
I managed to make even more friends in the Bulletin Board Moron community on 4th February when I explained why anyone with half a brain cell should short Baobab Resources (
LSE:BAO) at 35.75p. Since then the company has issued 2 RNS releases about its flagship Tete study blathering on with all the usual guff and […]