Severn Trent sees profits slide but keeps bill increases down November 26, 2013 Water company Severn Trent has reported a 5.8 per cent fall in underlying group profit before tax to £141.3m, but says it's on target to deliver its full year expectations. In the six months ended 30 September, reported group profit suffered a 4.2 per cent loss to £255.7m. When it came to the rise in [...]
Britvic posts strong growth but sees challenges ahead in 2014 November 26, 2013 Soft drinks producer Britvic has posted strong growth for the year ended 29 September 2013. The maker of Tango and White's Lemonade saw revenue climb by 4.4 per cent to £1.3bn and brand contribution growth across all business units. Net profit rose by eight per cent to £108m while the company reduced its debt by [...]
What you need to know before the open – 26/11 November 26, 2013 European markets are set to open mixed this morning after Brent prices recovered over the course of yesterday's trading. Prices initially saw a two per cent fall following the announcement of the Iran nuclear deal. Sepulchral start to European opening expected with derisory volumes continuing – FTSE -2, DAX +13, CAC -4 — David [...]
Poland prepares for “radical acceleration” of shale gas revolution November 26, 2013 Shale gas extraction is to begin in Poland within months, according to the chief executive of United Oilfield Services, Dennis McKee. United Oilfield Services provides equipment for shale gas exploration in Poland and is on course to complete more wells in the country this year than have been completed in the previous five. Speaking to [...]
The winners and losers from Iran nuclear deal November 25, 2013 While oil prices may decline and safe havens could lose favour, not everything hinges on diplomacy The Iranian nuclear agreement, struck in the early hours of Sunday morning, has been hailed as historic – laying the foundations for a more comprehensive deal in the next year. And markets have bought in to this optimism. Brent [...]
Why understanding risk management is key to trading success November 25, 2013 FOREX trading – like any trading – is not without risk, so education and a sound risk management strategy are key to achieving any level of success. Learning to manage your positions, and to understand leverage and margins, is critical. When you open a trade (or position), it is active in your account and subject [...]
CNBC Comment: Watch out for the IPO boom froth November 25, 2013 CHEER has returned to London’s initial public offering (IPO) market. By the end of October, over $24bn (£14.8bn) had been raised in European IPOs in 2013, more than double the corresponding amount at the same point in 2012. And almost half of 2013’s total was raised on the London Stock Exchange. But investors may want [...]
DailyFX: Analyst picks November 25, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks I took half profit on my sterling-yen long position at ¥161.45 (closed from ¥158.30 and ¥160.00), leaving my net long entry at ¥160.80 (from ¥160.16 and ¥161.45). With holiday [...]
US home sales disappoint as they hit 10 month low November 25, 2013 US pending home sales have dropped by 0.6 per cent in October, despite analysts forecasting that they would rise by 1.3 per cent. The previous month's drop looks less severe after revisions, from minus 5.6 per cent to minus 4.6 per cent. In the year to October pending home sales have fallen by 2.2 per [...]
Big Six domestic profits increase but overall profits suffer a drop November 25, 2013 (Ofgem) Ofgem has reported that the Big Six energy suppliers saw domestic profits jump 75 per cent last year. However, the report shows that total profits across supply and generation fell by £133m, or 3.4 per cent, on the previous year. This was a result of generation profits falling more than supply profits rose. Profits increased in [...]