Tue 5th May 15, 09:23:43
Barclays Capital has lowered its recommendation for the entire European insurance sector from 'neutral' to 'negative'.
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The International Monetary Fund has renewed its call for Greece's creditors to grant the country some relief on its debt payments if they want it to disburse its part of the remaining 7.2bn in overdue rescue funds to Athens. 5 hours ago
Stocks in Asia were mostly down on Tuesday following Australia's interest rate cut and weak data from China. 1 hour ago
Jefferies raised its rating on Lloyds Banking Group to buy from hold and upped the target price to 102p from 88p Tuesday, saying that the earnings downgrade cycle has troughed for the bank. 1 hour ago
Broadcasting group ITV has completed the acquisition of entertainment show producer Talpa Media. 2 hours ago
Mining stocks were out of favour on Tuesday in London with Anglo American in particular being pressured by a downgrade out of RBC Capital Markets. 2 hours ago
Construction activity in the UK slowed down sharply in April as uncertainty over the upcoming elections led clients to postpone their spending decisions. 2 hours ago
Disclaimer: This news feed is provided by Digital Look Ltd. BullBearings Ltd do not necessarily share the views expressed within the stories. The stories are for general information purposes only and not a solicitation or personal reccomendation to deal. BullBearings Ltd accepts no liability or responsibility for any of the content contained in the information provided by Digital Look Ltd.
The euro versus the Canadian dollar has formed what appears to be what is known in technical analysis as a 'rising wedge' pattern or an ascending triangle.
What is important about this formation is that it shows a consolidation area where the lows of the chart's candles are higher than the previous ones, causing the lower trend line of the formation to be slanted to the upside.
Two years ago you could buy shares in Greggs (GRG) for 400p. At that price they had a dividend yield of 4.9% from a company with a long and consistent record of paying and growing a well-covered dividend. Fast forward to today and those same shares now cost just under 1,200p, or almost three times as much.
So does that mean Greggs is now overpriced, or can it repeat those 100% a year gains for a few more years?
Bitcoin and the general concept of crypto currencies are one of the hottest topics in finance right now. The battle surrounding this subject is fierce and ideological, involving powerful forces and is far from over. But with Bitcoin prices likely to continue its rollercoaster ride, there is no need for traders to have a personal opinion in either direction to profit from one of the world’s most volatile underlying’s.
All of us want a role model. Some traders see George Soros as their role model, while others worship Warren Buffett.
However, what you might not know is that one of the best role models is that of the Star Wars warrior – the Jedi Knight. Jedi Knights have a lot to teach us about life – and about trading. Here’s how to feel the force – just remember to keep your light saber at home.
The GBP/JPY was in a well-defined bearish channel, which we identified last week and now we see that the price has finally broken out of the channel to the upside, taking with it some key resistance levels.
Besides breaking out of the upper trendline of the channel, the price has also broken the 200 day exponential moving average (blue line) and the round number level of the 179.00.