Global News

Lonmin Update - "This Too Shall Change"

May 14 2013 @ 07:52
Just one day after announcing a 300% increase in pre-tax profits and optimism that 2013 will be a better year operationally, Lonmin’s share price (LSE:LMI) took a hit when the company announced yet another labor-related problem at its Marikana mine.  Employees showed up for work, but refused to enter the shafts. Marikana had to suspend […]
 

How Bold Does a CEO Have to Be? ArcelorMittal Knows

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 […]
 

Accendo Markets Weekly Roundup, 10 May 2013 - Another hurdle, USD Rally, Influential Banks

May 10 2013 @ 11:03
Yet another hurdle cleared this week as the UK flagship index went on to make a decisive breach of 6,600. The bulls are loving it, already eyeing up the pre-crisis highs of 6,760 and then even those of 6,940 before the dot.com bust. What has taken the FTSE up another 100 points during this shortened […]
 

In the Land of the Rising Son(y)

May 09 2013 @ 10:06
Sony Corporation (NYSE:SNE) has turned in lackluster performance over the five years since 2008, failing to find the right combination of product and operating vitality necessary to pull it out of the doldrums it got stuck in during the global financial crisis.  Whilst one might not be impressed see Sony’s share price decline 1.4% to […]
 

Espírito Santo Investment Bank - Telefonica

May 09 2013 @ 06:12
Espírito Santo Investment Bank The Portuguese Investment Bank, Espirito Santo Investment Bank reported on the results performed by Spanish telecommunications company Telefonica (BOV: VIVT4), in the first quarter of this year. Telefónica Brazil, the Brazilian arm of the Spanish company, increased its net revenues in 2.9%. The Investment Bank’s report says that the Telefonica Brazil had...
 

Indexes Rise to Record Highs While Average Joe Cries in His Beer

May 08 2013 @ 09:44
We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007.  The Nikkei Index broke past the 14,000 mark to 14,180 […]
 

Timing the Market

May 08 2013 @ 02:37
Market timing is difficult. Actually it’s not difficult, it’s impossible. To find out why, read my Premium Newsletter: Value Investing – How To Get Rich Slow.
 

HSBC Share Price Up On Amazing Profit Performance

May 07 2013 @ 09:14
Okay.  I admit it.  We’ve been hard on HSBC (LSE:HSBA) this past 12 months.  In fact, I gave them a pretty strong poke in the eye just two weeks ago today on 23 April, when I berated them for their treatment of the “little people.”  And I was a wee bit sarcastic about them about […]
 

Will there be a May crash?

Apr 30 2013 @ 02:51
May is soon upon us and then we will see if the markets will crash as they have for the last few years. If they do we will then buy, if they don’t we will start buying. It’s a simple strategy… try and miss a likely correction. Subscribe to Clem’s Premium Newsletter: Value Investing – […]
 

Daimler announces large Q1 profit fall

Apr 24 2013 @ 16:01
Down from €1,425 million in 2012 to €564 million in 2013 Daimler AG (stock-exchange symbol DAI) achieved earnings below the prior-year level in the first three months of 2013. The Daimler Group posted first-quarter EBIT of €917 million (Q1 2012: €2,098 million). Net profit amounted to €564 million (Q1 2012: €1,425 million). Earnings per share […]
 
 
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