Wed 23rd Apr 14, 12:59
Panmure Gordon has upgraded its rating for Associated British Foods from 'hold' to 'buy' after the company announced its intention to expand its fast-growing Primark brand into the US towards the end of next year.
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Russia's Foreign Minister accused the US of inciting Ukraine's government to re-start its operations against pro-Russian militants in the east of the country. 2 hours ago
US equity futures are pointing to a mixed start to trading today on Wall Street, ahead of the latest quarterly earnings from Apple and Facebook which are due out after the 'closing bell'. 17 minutes ago
Spirent Communications's first-quarter results impressed the market on Wednesday with revenues and profits ahead of expectations, though Investec said that figures are 'not as good as they appear on the surface'. 2 hours ago
Shares rose in bioplastics and radio frequency (RF) heating group Biome Technologies after an encouraging increase in first quarter revenues, boosted by sales of compostable single-serve coffee pods. 2 hours ago
Shares in FTSE 250 renewable energy provider Drax lost more than 10 per cent of their value on Wednesday morning, hit by the group's announcement that one of its power stations was no longer deemed eligible by the UK government for an investment contract. 49 minutes ago
Advertising and marketing services group WPP on Wednesday said its wholly-owned out of home advertising business, tenthavenue, is set to form a new company with Shanghai Media Group's BesTV New Media company. 2 hours ago
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In this, the first of a series of four articles, I will explain some forex misconceptions are, and outline the feature that is the real “holy grail” of the market. In the following three parts, I will show how a robust trading strategy can be built that will give the new or aspiring trading an edge with an overwhelming probability of profitability over the long run.
In order to begin our journey, it helps to begin with an allegorical story, in order to demonstrate the nature and challenge of the struggle of trading.
Those who have followed me for some years will know I am a fan of seasonality and as I have explained in previous updates, financial markets do not go up or down evenly throughout the year in a nice orderly straight line; that would be far too easy.
If we invested $10,000 in the Dow Jones on 1st November and and then taken our money out on April 30st from 1950 to date we would now have over $950,000. We would have been out of the market May until end of October each year missing a few crashes in the process.
The USD/CHF pair fell during the session on Friday, but did so in a relatively tame manner, leading me to believe there are still opportunities for short-selling.
After all, we have seen for strong selloffs as far as daily candles are concerned, and then have finally see the market settle down for the Friday session.
Cloud computing services provider Nasstar (NASA) has been transformed by its acquisition of rival e-know.net. The integration of the operations is already far advanced and the business should be profitable this year.
e-know.net was established by David Redwood in 2000 and it was much larger than Nasstar, which paid £13m in cash and shares for the company in January and raised £10.5m from a placing at 5p a share.
Shares in Abcam (ABC), the provider of antibodies for the life sciences research and testing sector, have fallen by more than a quarter in recent weeks after a profit warning at the beginning of last month, with some investors clearly now having doubts about the long term future for the company. But new research might indicate things aren't as bad as some doomsayers believe.
Independent antibody search engine CiteAb has released new data today that suggests that this is a temporary dip for Abcam, with a brighter future ahead.