Tom Frew

Soros: Established market theory has “collapsed”

Jan 26 2013 @ 17:54
George Soros warns of a lack of understanding on how markets operate. Billionaire investor George Soros has argued that Germany is “out of tune” the rest of the world in regard to the Eurozone crisis and there is a lack of understanding of how the financial markets operate. Speaking at the World Economic Forum that […]
 

UK GDP falls by 0.3%

Jan 25 2013 @ 06:04
The UK economy looks set to enter a triple-dip recession from following GDP fall. The UK economy faces entering a third recession following the announcement of a 0.3% contraction in UK GDP figures during the fourth quarter of 2012. Responding to the GDP figures Chancellor of the Exchequer George Osborne stated that “we have a […]
 

Follow Stocks Live: Apple Falls Sharply

Jan 24 2013 @ 06:20
US based technology firm Apple has reported revenues that fall below market expectations. Whilst posting a 2012 net profit of £13.1bn, the same figure as 2011, and an 18% increase in revenue to $54.5bn Apple shares fell sharply in early trading from a 514.4 to 463.49. Live Apple stock charts available via a free ADVFN […]
 

Surge in Chinese Business Confidence

Jan 23 2013 @ 10:36
With the United States dividing over the debt ceiling and the UK starting a five year debate on the future of its position in Europe, political divides look set to be a defining factor for western economies. During this period of uncertainty the one-party state, that is soon to become the world’s richest nation in […]
 

BMW and Ford warn against EU Exit

Jan 20 2013 @ 14:39
Car manufacturers BMW and Ford have warned the UK against leaving the European Union. Two of the UK’s leading car manufacturers, BMW and Ford, have warned Prime Minister David Cameron that the consequences of the United Kingdom leaving the European Union would be “devastating”. Stephen Odell, Ford’s chief executive in Europe, argued that all “countries […]
 

Rinehart: Rio Tinto should “move to Australia”

Jan 20 2013 @ 13:49
New chief executive asked to relocate Rio Tinto’s HQ to Australia. British-Australian miners Rio Tinto’s new chief executive, Sam Walsh, has been told to move its headquarters to Australia by mining billionaire Gina Rinehart, arguing that it will benefit “shareholders who have seen much diminution in value via investments in risky countries, and for the […]
 

Morgan Stanley Returns to Q4 Profit

Jan 19 2013 @ 16:04
US banking giant Morgan Stanley report strong growth in profits. Morgan Stanley has called a strong rise in profits a “pivot point” and a sign that the bank is making “meaningful progress”. The bank reported a net profit of $481m between October and December 2012, a result of a 37% increase in revenue to $7.5bn. […]
 

JP Morgan and Goldman Sachs Post Large Profits

Jan 16 2013 @ 10:18
US financial giants announce large rises in investment baking profits. Goldman Sachs (NYSE:GS) has repored a profit of $2.9bn in fourth quarter of 2012, a threefold rise on 2011, whilst  JP Morgan (NYSE:JPM) saw a 54% profit increase to $5.7bn over the same period. Global markets responded positively to Goldman Sachs profits with its stock […]
 

Fitch Warn US over Debt Ceiling

Jan 15 2013 @ 08:07
Pressure is mounting on the United States to resolve debt crisis or it risks losing its AAA credit rating. Rating’s agency Fitch has warned the United States government that it is in danger of losing its AAA credit rating as lawmakers try to resolve the country’s debt crisis. Following a temporary agreement to avoid the […]
 

HMV to Appoint Administrators

Jan 15 2013 @ 05:51
Trading in HMV stock suspended on the London Stock Exchange ahead of HMV Group appointing administrators. Troubled UK retailer entertainment HMV (LSE:HMV) has announced it will appoint administrators Deloitte after being “unable to reach a position where it feels able to continue to trade outside of insolvency protection”. In recent days suppliers, including major music […]
 
 
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