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You are browsing the archive for 2014 September.

ASOS shares hit again as profits tumble

Sep 16, 2014 at 9:26 am in General Trading by contrarianuk · Leave a Comment »

They say profits warnings come in threes and it has certainly turned out to be the case with online fashion retailer Asos. The shares are down a further 10% to £21.80 after price cuts, a fire and infrastructure investments all hit earnings.

Not much luck at the moment for high profile buy outs

Sep 15, 2014 at 9:53 am in General Trading by contrarianuk · Leave a Comment »

Back in July the lingerie chain, La Senza, formerly owned by ex-Dragon’s den star Theo Paphitis filed for bankruptcy and today it was announced that mobile phone retailer Phones4U formerly owned by high profile entrepreneur John Caudwell has gone into administration.

Hurricane Energy announces positive well analysis data

at 9:12 am in AIM by contrarianuk · Leave a Comment »

Hurricane Energy the AIM listed oil and gas company focused on naturally fractured basement reservoirs in the area to the West of the Shetlands issued some good news for shareholders today.

US dollar on track for highest run of weekly gains since 1997

Sep 12, 2014 at 2:51 pm in Market Commentary by contrarianuk · Leave a Comment »

The US dollar has been unstoppable of late with the Dollar Index which compares the currency against a basket of other global currencies rising to 84.3. It is now up for nine weeks in a row, a record not seen since 1997.

Morrisons profit drops 50% as competition bites

Sep 11, 2014 at 8:50 am in General Trading by contrarianuk · Leave a Comment »

Like for like sales for Morrison supermarkets were down 7.4% and overall turnover dropped 5% to £8.5 billion as price cuts failed to stem volume declines.

So Apple’s Watch is finally coming

Sep 10, 2014 at 9:15 am in General Trading by contrarianuk · Leave a Comment »

After climbing as high as $103 during Apple’s Cupertino event yesterday evening, the shares finished marginally down at $97 following the announcement of new iPhone’s (the 6 and 6 Plus) with larger screens and thinner and the eagerly awaited Watch.

Little excitement at Xcite Energy on collaboration with Enquest

at 8:35 am in AIM by contrarianuk · Leave a Comment »

Xcite Energy’s share price is flat today at 65p despite news that the company “has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. and EnQuest Heather Limited, in order to share field-specific technical and operational information to evaluate the potential utilisation of common gas import infrastructure between the Kraken, Bentley and Bressay fields.”

McDonalds continues to suffer consequences of dodgy Chinese suppliers

Sep 9, 2014 at 1:36 pm in General Trading by contrarianuk · Leave a Comment »

McDonalds is having a tough time of late with the shares down over 10% since the end of last year as Chinese food safety concerns in particular have hit sentiment.

Potential Yes vote to Scottish independence adds to uncertainty for North sea oil companies

Sep 8, 2014 at 8:36 am in Market Commentary by contrarianuk · Leave a Comment »

Sterling is tumbling today after reports over the weekend that the yes campaign on Scottish independence appear to be getting the upper hand with the vote 10 days away

Markets shrug off weak US jobs numbers to continue gains

Sep 7, 2014 at 8:58 am in Market Commentary by contrarianuk · Leave a Comment »

There was key news from the US on Friday that the non-farm payrolls numbers showed that the American economy added only 142,000 jobs compared with expectations between 220,000 and 230,000, the weakest gain since December 2013.