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Oil under more pressure

Jan 13, 2015 at 10:09 am in General Trading by contrarianuk · Leave a Comment »

Brent Crude is down yet another 3% to just shy of $46 a barrel as the selling pressure on futures appears relentless. A new six year low.

Tesco surges up as Drastic Dave takes action

Jan 8, 2015 at 4:17 pm in General Trading by contrarianuk · Leave a Comment »

Tesco is currently up 13% or 24p to 206p as new Chief Executive, Dave Lewis, also known as drastic Dave during his time at his previous role at Unilever, took some drastic steps to put the retailer back on course.

Weak iron ore price outlook bad news for global miners

Dec 29, 2014 at 11:40 am in General Trading by contrarianuk · Leave a Comment »

There has been plenty of focus on the plunging oil price this year, with Brent Crude currently trading at $60 a barrel, but the 50% fall in the price of iron ore to $67 a tonne, the lowest level for 5 years, shouldn’t be forgotten.

Afren confirms that SEPLAT interested in combination after share price rally

Dec 22, 2014 at 10:27 am in General Trading by contrarianuk · 1 Comment »

Today Afren’s shares are trading at 55p compared with the 35p level last week, a rise of up to 16% on the day, as the company announces this morning that it has received a highly preliminary approach from SEPLAT Petroleum Development Company plc regarding a possible combination with Afren.

Activist fund targets US share pundit Cramer

Dec 4, 2014 at 10:16 am in General Trading by contrarianuk · Leave a Comment »

The infamous US share pundit Jim Cramer, the host of CNBC’s Mad Money, has come in for some stick from activist investor Cannell Capital which owns close to 9% of the TheStreet, a company that Cramer co-founded in 1999. He still owns a 10% stake in the company.

BT looks to accelerate re-entry to mobile arena

Nov 24, 2014 at 3:53 pm in General Trading by contrarianuk · Leave a Comment »

There was the surprising news today that BT Group are in talks to potentially acquire the O2 or EE business of Spanish company Telefonica.

Randgold Resources reassures investors with solid third quarter results

Nov 6, 2014 at 3:43 pm in General Trading by contrarianuk · Leave a Comment »

With the price of gold dropping heavily in recent weeks and currently trading at $1147, investors in sub-Saharan African focused and LSE/Nasdaq gold miner Randgold Resources Limited were relieved to see the company’s third quarter results and drove the shares up 8% on the news to £40.70.

Another bad day for Afren

Oct 30, 2014 at 2:15 pm in General Trading by contrarianuk · Leave a Comment »

After sliding more than a third in July after it was revealed that Nigeria focused Afren’s CEO and COO were being suspended for receiving improper payments, today proved to be yet another bad day for the company as it issued its interim management statement.

Potential Salamander Energy deal shows there is still M&A potential in oil sector

Oct 27, 2014 at 2:44 pm in General Trading by contrarianuk · Leave a Comment »

Salamander is up 18% to 95p after earlier climbing as high as 100p after a report in the Sunday Times yesterday reported interest in buying it from Ophir Energy, the UK listed company, and Cepsa, the Spanish group, were today confirmed in an RNS.

Supermarket shares take a battering

Oct 23, 2014 at 1:55 pm in General Trading by contrarianuk · Leave a Comment »

More bad news from Tesco this morning battered the supermarket sector again and sentiment wasn’t helped by a poor trading statement from Premier Foods, a key supplier to the grocery sector.