How wave power can help you to read the markets August 26, 2008 The markets are anything but random, say proponents of Elliott Waves. Understanding them will improve your trading. Most people are led to believe that the markets are completely random and that there is no way of forecasting the next move, either up or down. But others seem to make large amounts of profits catching the [...]
Tesco to open wholesaling chain in India August 13, 2008 Supermarket giant Tesco yesterday said it was pushing into India by launching a wholesale cash-and-carry business. At the same time it announced a deal with Indian titan Tata to help it expand its fledgling hypermarket business. Tesco will invest £60m in its wholesale business – which will supply Tata’s chain of food stores, as well [...]
Smurfit profits rise despite higher costs August 12, 2008 Shares in Smurfit Kappa, the Irish cardboard packaging group, spiked yesterday after the firm reported better-than-expected results for the first half of the year. Operating profit at Smurfit Kappa, which floated in Dublin in March 2007, rose four per cent to €312m (£244m) despite rising energy costs and increased competition from US rivals benefiting from [...]
Conflict in Georgia leads to fears over oil supply August 12, 2008 Oil prices spiked yesterday on fears that the conflict in Georgia could threaten supplies and cut off a major pipeline to Europe. At one point, crude oil rose by $1.81 to $115.41 in London trading, before falling back to its earlier price of $114.32. The short-lived rally came as Russia continued its offensive against Georgia, [...]
Imperial Energy opens books to China, but Indian rival is still in the running August 6, 2008 Imperial Energy has opened its books to the Chinese state-owned oil company Sinopec, but talks are still continuing with its Indian rival. Imperial confirmed on Monday that it had received an approach, with sources close to the deal confirming the bidder as China Petroleum and Chemical Company, also known as Sinopec. It is believed to [...]
Oil to keep sliding after slumping to 3-month low August 6, 2008 Oil fell to $118 a barrel yesterday, a three-month low, as traders reacted to rising supplies and declining demand in America and Europe. The price of US crude fell as low as $118 a barrel, before recovering to trade at $119.13. While in London Brent crude fell by $2.20 to $118.48 a barrel. Oil supplies [...]
How Obama is having an impact on our view of US brands July 28, 2008 There are still those who would separate business and politics. But they are intimately connected. In a study about a year ago using data from YouGov’s BrandIndex and our tracking of attitudes to America, we examined whether the two were correlated. We found that there was indeed a clear link: as opinions of the US [...]
BP’s Dudley must go, say oligarchs July 28, 2008 The position of TNK-BP chief executive Robert Dudley was blasted as “untenable” yesterday by four Russian billionaires who own half the joint oil venture after he fled the former communist state last week. A spokesman for AAR, the holding company for the oligarchs Mikhail Fridman, Viktor Vekselberg, Len Blavatnik and German Khan, said: “It is [...]
Imperial fired up for growth July 25, 2008 Imperial Tobacco, the world’s fourth-biggest cigarette company, yesterday said group performance had been in line with forecasts and that it was on course for another good year. The British maker of Lambert & Butler cigarettes said the integration of Altadis, the Franco-Spanish rival it acquired for €12.6bn (£9.92bn) in January, was going well. “Our operating [...]
BG to stick by its £6.7bn bid for Origin July 25, 2008 British Gas explorer BG Group yesterday said it has no plans to boost its £6.7bn bid for Australian power firm Origin Energy, despite the bid target’s management touting the business to the Chinese. A BG spokeswoman said: “We believe our bid is a fair price for the company, and we will formally submit it to [...]