Thu 12th Dec 13, 10:54
Panmure Gordon has hiked its target price for AIM-listed medical devices company Tissue Regenix (TRX) by over a fifth after the signing of new sales distribution agreements in the US, highlighting the possibility that the firm could become a bid target in the future.
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Sometimes acquisitions can go terribly wrong. That's what happened after First Group's debt-financed purchase of US outfit Laidlaw, in 2007. That has been reflected in the company's share price, which has been off by 80 per cent since then, while rival Stagecoach has seen its stock price appreciate by almost a third. Wednesday, however, saw the arrival of Sandell Asset management on the scene, turn-around plan in hand. One of its main propositions is to sell Greyhound, just as FirstGroup originally intended when it took over Laidlaw. That was one of management's biggest mistakes. As well, John McFarlane, who helped insurer Aviva get its mojo back, takes over as Chairman next month. Between him and Sandell FirstGroup's train is about to depart, the Financial Times' Lex column said. 1 hour ago
The UK downturn is finally expected to be left behind next year as the size of the economy surpasses its pre-recession peak, according to a new forecast from the British Chambers of Commerce upgrading prospects for growth. - The Telegraph 2 hours ago
As the European Union (EU) continues to move through the bureaucratic process of implementing a banking union meant to set up an orderly winding down of failing financial institutions that minimizes costs to taxpayers, European Central Bank (ECB) Mario Draghi warned that it wasn't going to be an end-all solution for a complete stabilization in Europe. 2 hours ago
The British Chambers of Commerce (BCC) has upgraded its forecast for UK economic growth next year, saying it will bounce back from the "deepest recession in modern times". 2 hours ago
A front page article in today's Financial Times (FT) warned that the European Central Bank (ECB) was "poised to get tough on sovereign bond risks" in an effort to redirect bank liquidity towards financing for consumers and businesses. 2 hours ago
Numis Securities has kept its 'hold' rating and 2,250p target price for cruise operator Carnival ahead of its annual results next week, saying it may be too early for the firm to increase guidance. 2 hours ago
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As one of the “big four” supermarkets, Morrisons (MRW) isn’t exactly an explosive penny share, but if you’re looking for a combination of solid dividends and steady growth, you might want to take a closer look.
At 261p its shares current have a historic dividend yield of 4.5%. In comparison, the FTSE 100 - at 6,550 points – can only muster a dividend yield of 3.5%. Although a 1% difference may not seem like much, it’s actually a 29% improvement in income (because 1 is 29% of 3.5), so small differences do matter.
The forex market is open to retail traders from Monday morning in Tokyo/Sydney, until Friday evening in New York. That is five and a half days of non-stop action when trades can be entered, and stop-losses can be hit – so how can you cope with it? Here are five tips to help you manage.
The non-stop nature of the market is often advertised as a plus, as though any trader in any time zone can trade whenever they want and make money. There is something to that, but as every forex trader knows, the 24-hour nature of the market can be like a prison if you don't know how to handle it.
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.