Fri 24th May 13, 11:19
Shares of BTG have been held back since the start of the year due to concerns regarding impending acquisitions. Nevertheless, now that these - and a 106.3m pound capital issue - are out of the way the stock should progress, says The Times's Tempus. The company will acquire North America based Ekos and one of the business units of Nordion, for a total amount of up to 280m pounds. That for a company with a market capitalisation in the 1.1bn pound area. Critically, non-organic growth is a pillar of the firm's strategy - although this is its most ambitious step yet.
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Investec has maintained its 'buy' rating and 1,900p target price for emerging markets-focused lender Standard Chartered, saying that the stock remains its top pick in the banking sector. 58 minutes ago
Water cooler and filtration system manufacturer Waterlogic has made a conditional agreement to acquire the entire share capital of Australian company Cool Clear Water Group(CCW). 1 hour ago
Credit Suisse has lifted its target price for engineering data and IT group AVEVA from 2,013p to 2,240p to reflect the company's cash return and a lower tax rate. 1 hour ago
AIM-listed investment company Legendary Investments has reported that its investee company, Medgold Resources Corp has reported promising first-pass sampling results at its wholly-owned Vila de Rei gold project in central Portugal, which covers 40 line kilometres of a regional structure. 2 hours ago
Panmure Gordon has upgraded its rating for travel operator Thomas Cook by two notches from 'sell' to 'buy' and hiked its target price from 54p to 164p following last week's interim results and capital reorganisation. 2 hours ago
AIM-listed oil and gas exploration and production company Max Petroleum has commenced drilling the UTS-5 exploration well in the Uytas North prospect on Block A in Kazakhstan using the Zhanros Drilling's ZJ-20 rig. 2 hours ago
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With record numbers of people trading on margin through CFDs and spread betting, it is extremely important not to use all the leverage available which can be tempting but one must resist - as within a blink of an eye your position(s) can be wiped out.
With leverage sometime 100 times for an instrument, especially indices one has to be very careful when trading as the risk/reward is extremely high. It is no joke to say that trading is riskier than visiting a casino. Profits and losses can be far greater trading!
Earlier this week we heard from the Reserve Bank of Australia and the minutes of their meeting, which generally confirmed what most had suspected: that the strength of AUD was a pivotal factor in what was an otherwise close decision to cut interest rates.
The all-important policy guidance at the end of the minutes reveals that the RBA opted to use “some” (the “some” comment is a repeat from a couple of weeks ago) of the scope afforded by the low first quarter inflation figures and outlook, to lower the cash rate.
The latest Japanese GDP reading highlights the success that the new massive stimulus programme being carried out in Japan has had in revitalising that stricken economy. Today’s drop in UK inflation suggests that the new Bank of England governor may be wise to suggest a similar policy for the UK.
The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.
This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets.
This morning silver fell to levels not seen since September 2010 as commodity prices slumped overnight in Asia and this extended in early London trading. Although here is plenty of physical buying from China, India and the Middle East – there is heavy computer ETF selling.
A strong dollar and outperforming equity markets have shifted investor’s attention to more risky assets with silver suffering.