Sun 20th Apr 14, 20:05
Research from Redburn Partners shows that markets have new-found faith in Primark, the retail arm of Associated British Foods. Yet investors may have cause to be wary. The company's stock price has risen by 50 per cent over the last twelve months, in reaction to plans to expand its budget fashion chain Primark across the Continent.
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Trading Fx and the 5 fundamental puzzles 6 hours ago
In recent weeks, Pfizer has held informal conversations with British rival AstraZeneca about a possible takeover by the US drugs giant, according to senior investment bankers and industry sources. With 50,000 employees worldwide the UK outfit, Britain's tenth largest company, might be valued at over 60bn pounds. However, AstraZeneca is thought to be resisting and no talks are under way. The American company has 42bn pounds of cash on hand at overseas subsidiaries. A purchase abroad would allow it to avoid having to repatriate those funds, which would result in a colossal tax bill, according to The Sunday Times. 20 hours ago
Google and IBM disappoint with results, Morgan Stanley and Goldman rise, Jobless claims, Philly Fed index beat forecasts, Ukraine tensions rise 2 days ago
The flow of data will slow down over the coming week, with the main highlights expected to be the latest manufacturing sector purchasing managers' indices (PMI) due out in the Eurozone and China, on Wednesday. 3 days ago
Multilateral talks held today in Geneva to discuss the situation in Ukraine ended with an accord on measures to de-escalate the conflict. 4 days ago
Market Movers 4 days ago
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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.
There’s an old Forex joke that goes like this: what is the most reliable Fibonacci Retracement level? Fifty percent and it is not even a Fibonacci number! Like all the best jokes, it is funny because it contains some truth. It is true that 50% is not a Fibonacci number, so we can leave Fibonacci out of this.
However, it is certainly true that when a retracement reaches half of its original move, this is when traders looking to enter on a pull-back should start to sit up and take notice.