Thu 5th Dec 13, 10:4
UK car sales rose seven per cent to 159,581 units in November compared to a year earlier, according to data from the Society of Motor Manufacturers and Traders (SMMT) on Thursday.
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Canaccord Genuity has raised its rating for engineering and project management group AMEC from 'hold' to 'buy' on the back of its medium-term outlook for the nuclear market. 48 minutes ago
AZ Electronic Materials (AZEM) rocketed on Thursday after German drugs and chemicals giant Merck launched a 403.5p-a-share offer for the specialty chemicals firm, a 53 per cent premium to the previous day's closing price. 1 hour ago
Health and safety training company PHSC reported a 79 per cent rise in first half turnover of 3.94m pounds. 1 hour ago
0945: AZ Electronics is rocketing after Merck KGaA agreed to pay 2.5bn dollars for the outfit in a bid to expand its footprint in materials and specialty chemicals. 1 hour ago
Stocks markets in Asia traded in negative territory on Thursday with shares in Tokyo coming under pressure as the yen strengthened against major currencies. 2 hours ago
Tecso's share price was under continued selling pressure on Thursday after the release of its disappointing three-quarter results the day before, with Panmure Gordon weighing further on the stock after downgrading its rating from 'buy' to 'hold'. 2 hours ago
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Regular readers will know whilst deep down I am a trend follower I will also take a contrarian view and also look for signs of beaten up stocks that are making a turnaround.
Two stocks both mentioned here before that have done extremely well for me and anyone brave enough to follow me are Citigroup (C) and AIG (AIG). Yes, both stocks would have gone broke had the US government not bailed them out, but that is the distant past and Uncle Sam is out of both and made money out of saving both companies.
It is often claimed that currencies have a tendency to depreciate during their home business hours. Lets look at how we can use this knowledge to trade the forex market profitably.
An academic study published in 2007 by Francis Breedon and Angelo Ranaldo thoroughly analyzed 10 years of historical data from 1997 to 2007 and not only found that this depreciation bias was a statistical fact, but also that it could be used as the basis for a profitably strategy on the EUR/USD pair, even after commission/spread costs were factored in.
China-based logistics services provider China Chaintek is a profitable, cash generative business offering a dividend.
A lack of capacity will hold back short-term profitability but the company is on course to significantly expand its distribution facilities and reap the benefits in terms of earnings growth.
A small entity of investment houses and traders believe we could see a token taper from the Federal Reserve as early as next month and this has given the dollar a degree of resilience despite the fact that we have seen some data points miss in the past week or so.
As we approach the release of the Non-Farm payrolls number we could well see that faction increase in numbers which will support the greenback and of course any beating of expectations i.e. a number greater than 185,000 will embolden the dollar bulls.
It is that time of year again – almost the beginning of December, and by extension, almost the end of the calendar year. The coming months of December and January are viewed by traders with an equal mixture of awe and suspicion – let's examine why that is and whether it is justified.
Trading folklore views January as an opportune time for a trend to start, and December as a month that either gives a great move or is as flat as a pancake.