Thu 27th Nov 14, 09:05
Thomas Cook reported a pre-tax loss of £114m yesterday, which markets had been expecting to turn into a pre-tax profit of £270m next year. Yet investors were already worried that overcapacity in this sector will hurt the turn-around story. Even if bookings help up prices could suffer. The shock announcement of chief executive Harriet Green's departure will do little to assuage their concerns - quite the opposite. The company was also vague regarding the direction of travel going forward, saying it expected "more measured" growth in profits. On net debt it did a tad better, guiding towards debt between £100m and £150m by the end of September next year.
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US markets might be closed together for Thanksgiving but those hoping for a quiet day could be disappointed with the Organization of Petroleum Exporting Countries (OPEC) set for a pivotal meeting in Vienna. 2 hours ago
Insurance and investment services group Legal & General has won a £2.5bn bulk annuity contract with the UK pension scheme of US car-parts group TRW Automotive. 2 hours ago
Scottish MPs will be entitled to vote on UK budgets even though control over income tax will soon be transferred over to the Edinburgh parliament, Labour has revealed shortly before the publication of a cross-party devolution deal on Thursday, the Financial Times found. 7 hours ago
Industrial profits in China slumped in October, according to the National Bureau of Statistics, as weak demand, rising costs of labour and falling product prices took their toll on companies' bottom lines. 2 hours ago
Glaxosmithkline is on track to complete its complex three-way £11bn deal with Swiss pharmaceutical peer Novartis next year after US regulators approved the first two parts of the transaction. 2 hours ago
Rigid plastic packaging supplier RPC Group said its revenue grew in the first half of 2014, courtesy of business acquisitions and satisfying progress in its existing programmes. 2 hours ago
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These are the 10 top share tips and recommended trades for 2015 from our network of experts: professional traders, analysts and stock tipsters. Stock tips include some supermarkets, a US car maker, an AIM penny share and a FTSE 100 insurer, while there are three top forex trades and a pair of indices.
Good luck if you add them to your portfolio, but remember picking one share to buy for 2015 is a notoriously difficult thing to do and investments can go down as well as up!
The following article will instruct you how to buy gold options to trade a trend.
You should be familiar with the method of selling or buying in the underlying spot or commodities markets to trade a downtrend or uptrend, respectively. You may add a stop-loss order to control your maximum loss. If the market reaches the stop-loss, your position is closed at a loss.
The week ahead in the currency markets, as we sit just over a week away from the next ECB meeting with the German economy looking to be bouncing back, while across the pond will we see increased demand for the dollar against the pound with a small stream of US data due this week, including GDP and consumer confidence on Tuesday, durable goods on Wednesday and initial jobless claims on Thursday.
Also, a look at two of the major commodities, gold and oil, as investors react to central banks getting back on the stimulus bandwagon and Thursday’s OPEC meeting to determining which direction the oil price will move next.
This month I recommend both buying Fiat Chrysler (NYSE: FCAU) and going short EURUSD, as I remain bearish on the euro and bullish on the dollar and think parity is looming.
Most readers will be familiar with Fiat cars, however many investors are still not aware that Fiat now also own Chrysler (bought out of bankruptcy in 2009), Alfa Romeo, Dodge, Jeep, Lancia, Ram Trucks, Abarth, Maserati and Ferrari.
With its mathematical formula to explain why ‘hipsters’ try to look different but end up looking the same, a radical new scientific paper could provide interesting lessons for contrarian investors. I think it's possible to take something from this unusual juxtaposition, even if it's just the mental image of Warren Buffet with a hipster beard and tattoos.
Mathematical neuroscientist Jonathan Touboul from the Collège de France in Paris has written a paper titled: “The Hipster Effect: When anti-conformists all look the same”.