Global News

Mytrah Energy (LSE:MYT) have informed investors that on 14 November 2013, R&H Trust Co (Jersey) Limited as trustee of The Raksha Trust (the “Trust”), a Jersey based discretionary trust settled by Ravi Kailas, the Chairman and CEO of Mytrah Energy Limited, of which he and some of his family members and also a philanthropic trust […]

Janet Yellen, the heir-apparent to Ben Bernanke as the head of the US Federal Reserve Bank, must face congressional confirmation hearings set to begin today before she can ascend to the throne room of the US economy on 01 February 2014. I doubt that anything substantive will be learned by observing the session that begins […]

On a day when the FTSE 100 has slid more than 100 points, AIM-listed Petards Group (LSE:PEG) share price has soared by over 110%, rising 12.75 pence to 24.25, and there is no guessing or speculation as to why.  Petards announce today that they have been awarded a £7 million contract by the Ministry of Defense. […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, While we might have thought the surprise of the week was the ECB cutting interest rates to help counter falling inflation in the single currency region, make that three surprises now after US GDP and US Non-Farm Payrolls (NFP) […]

There is a directional movement on Camco Clean (LSE:CCE), which would be favorable to those who follow the line of the least resistance, i.e. those who flow with the market. This is a bull market and any attempt by the bear to violate the trend would either be momentary or it will backfire. The moth, […]

Agriterra (LSE:AGTA), an AIM listed pan-African agricultural company, has released unaudited results for the year ended 31 May 2013. OVERVIEW · African focussed multi divisional agricultural Group with vertically integrated operations to maximise margins and revenues · Defined investment and development programme to provide foundation for sustainable growth and profitability – focussing on...

The Confederation of British Industry has today published its business vision for a reformed EU. After an in-depth study of the UK’s global future the CBI argues that with emerging markets become increasingly dominant that “the UK must maximise openness to global trade – and the best way of achieving this is as part of […]

Mining giant GlencoreXstrata (LSE:GLEN) and its cousin, Antofagasta (LSE:ANTO) released their production reports for the third quarter today.  Drops in the share price of both companies help to drag the FTSE 100 down from it ethereal heights. Antofagasta shares dropped 3.68% to 864.50, a difference of 33.0 pence.  By comparison GlencoreXtrata shares slid 0.55% to […]

Fitch Ratings says the South Korean structured finance (SF) transactions that it rates are likely to be resilient should South Korean interest rates rise. Fitch expects the asset performance of the transactions to remain satisfactory, in part due to the strong labour market in South Korea. Fitch expects that interest rates will rise gradually because […]

The share price of African Barrick Gold (LSE:ABG) continued to gain ground on the London Exchange today.  A 9.9% increase over yesterday’s close to 186.70 continues a recovery that began on 13 July, when the share price was at 105.10,  and an unabated upward trend that commenced on 14 October.  ABG shares were valued at […]