Oct 30 2012 @ 09:40
UBS (SIX:UBSN) proved this morning that the banking crisis is not over, announcing that it would be cutting another 10,000 jobs worldwide by 2015. Apparently the cuts are starting immediately. Although the company has denied the reports, it is alleged that some workers were unable to gain access to the bank with their electronic passes […]
Oct 30 2012 @ 05:18
The final count is in. Two months after the dramatic events at South Africa’s Rustenburg mining district sparked a series of labour unrest across the country’s mining sector, the firm where it all began – the world’s third largest platinum producer Lonmin plc (
LSE:LMI) – has released its full year production report that includes the last quarter […]
Oct 30 2012 @ 04:38
UK oil giant, BP plc (LSE:BP.), is nearing its target to break out of the financial burden from the horrid Gulf of Mexico oil spill that has damaged not just the company’s image but its balance sheet, but the legal battle over BP’s accountability in the largest oil spill in history is still on and […]
Oct 29 2012 @ 10:09
I recommended shares in Town Centre Securities (
LSE:TCSC) – a Leeds-based northern property investor and developer – in April 2010 at 148.75p on t1ps.com the site I founded 12 years ago and ran until this September. The company has since paid out 20.88p in dividends and the shares currently trade at 184p – so this […]
Oct 29 2012 @ 05:21
Despite overtures from News Corp over the weekend Pearson PLC (
LSE:PSON) announced the betrothal of its daughter, Penguin Group, to Random House, the son of German publisher Bertelsmann SE. The marriage is expected to take place in September 2013, but a precise date has not been set. According to the pre-nuptual agreement, the couple will […]
Oct 29 2012 @ 05:09
Two nights before its Managing Director presents the company at a dinner with investors, brokers, and analysts, Ariana Resources plc (
LSE:AAU) said its flaghship Red Rabbit Gold Project in Turkey exhibits “highly attractive economic fundamentals” capable of providing the company multi-million dollar revenue, for the whole life of the mine. Following an interim feasibility study, […]
Oct 29 2012 @ 05:00
Last week the publishing industry was all a dither over the possibility that Pearson PLC (
LSE:PSON) was in discussions with Germany’s Bertelsmann regarding mating its Penguin Books division with Bertelsmann’s Random House division. Analysts were generally viewing the potential merger with as a boon for investors, generally seeing the combining of two of the five […]
Oct 29 2012 @ 04:28
Yesterday ADVFN launched the Nifty Fifty, a new website which I am writing. While a stream on new investment ideas will appear in the next few days, starting in a few hours, it has only one article on it so far, yesterday’s editorial. And this is it. It outlines a bit of what is to come. In […]
Oct 29 2012 @ 00:48
Anglo American Platinum (Amplats), a subsidiary of London-based Anglo American plc (
LSE:AAL) and top supplier for the world’s demand for platinum, has offered to reinstate the 12,000 employees it dismissed less than three weeks ago, following a loss of over a hundred thousand ounces of the precious metal since the strike ensued at its mines. […]
Oct 28 2012 @ 13:31
I recommended shares in UK marketing communications and advertising group Mission Marketing (
LSE:TMMG) in February of this year at 19.125p on t1ps.com, the site I set up in my bedroom 12 years ago but left in September. At that stage I identified them as a value, recovery play as the company’s cash generation meant debt […]