Jun 07 2013 @ 11:25
Pound Sterling This week has been one of gains and upward momentum for Sterling. On Monday the Pound made gains against the US Dollar and edged upwards against the Euro after May’s manufacturing PMI data rose to 51.3 from the 49.8 recorded in April. A figure above 50 signals expansion. Construction data also boosted the Pound […]
May 31 2013 @ 08:16
Pound Sterling – With UK markets closed for a national holiday it was a slow start to the week for the Pound. Although Sterling went on to weaken against the US Dollar as UK retail sales dropped to a 16-month low, it was able to recoup losses as separate reports showed a surge in British house […]
May 17 2013 @ 10:50
This week’s hurdle proved more resilient, the FTSE100 index struggling to gain traction above 6,700, but we have made much progress. The move up from 6,600 was faster than expected, however, limited gains above 6710/15 for much of the week, all the while with support just 45pts below, suggests we may have had the sideways […]
May 13 2013 @ 09:50
The world’s third-largest platinum miner, Lonmin (
LSE:LMI), announced its six-month results this morning. The news was a far cry from the year-end results they published on 09 November 2012. The thing that stood out the most last November was Chairman Roger Phillimore’s statement that “The publication of today’s results closes a painful chapter in Lonmin’s […]
May 10 2013 @ 11:44
How bold does a CEO have to be to say, “Our performance in the quarter reflects the results of the management action we have taken,” when the performance was a net loss of $345 million? I’d say he’d have to be even bolder to make that statement especially when the company made a net profit […]