Lou Gutheil

Lonmin’s share price soared 12% by 1:15 pm today, gaining 37.80 to arrive at 352.80 after reaching 354.80 during noon-hour trading. The world’s third largest platinum mining group’s first quarter Production Report gave investors something to shout about after several months of not such good news.  CEO Ian Farmer resigned in December due to illness. […]

The share price of Boeing (NYSE:BA) rose $0.94 today to $74.59, a change of 1.28%, on news of the company’s 14% increase in revenue for 2012. The company turned a profit of $978 million, which is lower than 2011’s earnings by $412 million.  The profit numbers are somewhat misleading and not at all unexpected as […]

The Director of Enforcement at the Financial Services Authority, Tracey McDermott, appeared before the Andrew Tyrie and the Parliamentary Commission on Banking Standards to answer questions about the FSA’s strategy and approach to dealing with banks and bankers who have stepped afoul of legal standards. One of the leading concerns of Tyrie’s commission was why […]

Petra Diamonds (LSE:PDL) presented a stellar first half performance in a trading update this morning, 29 January 2013.  Petra reported a 31% increase in production and an 54% increase in revenue. Petra mining operations yielded 953,553 carats in the first half of FY2012.  FY2013 has begun with 1,247,522 carats.  However, the company also said that […]

The share price of RBS (LSE:RBS) has fallen by 20.70 today to 345.10 as it has been reported that the US government is seeking a settlement with the bank on allegations connected to the Libor scandals.  Under normal circumstances, negotiating a settlement would be a fait accompli, but there is a catch in the deal […]

Talk about surprised!  The FTSE 100 broke 6,300 today for the first time since May 2008.  A couple of months ago most people were saying that it couldn’t happen.  In fact, the doubters would have been cautious enough to say that it wouldn’t breach 6,000 just a month ago.  However it did, in fact top […]

Investors in Premier Foods (LSE:PFD) displayed dismay and a broad lack of confidence today upon the announcement that CEO Michael Clarke has resigned his post after only 18 months in the driver’s seat. Premier’s share price had closed at 120.50 on Friday, 25 January, but dropped to 101.00 just seven minutes after the markets opened […]

The share price of Providence Resources has risen by 39.00 pence since the beginning of this month.  That’s a a growth of 6.0% since the first of the year, as it closed today at 658.00.  One year ago today the price was 279.00 establishing a 12 month gain of 379.00, an increase of 135%. Expect […]

The share price of ARM Holdings (LSE:ARM) stumbled a bit early today, but was showed a strong comeback in the afternoon.  The general consensus seems to be that the brief retreat by ARM investors was caused by the heartburn that Apple investors experienced on the news of December sales having fallen short of expectations.  Apple […]

Two days ago I wrote an article about the dysfunctional culture at Barclays (LSE:BARC) that had created an atmosphere that essentially ignored the “Do the right thing” culture that I grew up in with a “Do what I say or else” culture put employees all employees at the virtual edge of a slippery slope.  In […]