San Leon swung to loss last year June 30, 2014 San Leon Energy, the Aim-listed company focused on oil and gas exploration in Europe and North Africa, yesterday gave full-year figures for the year to 31 December 2013. The firm, which is mainly focused on Poland, said its loss after income tax and depreciation was €17.05m (£13.65m), down from a profit of €460,000 in 2012. [...]
Sierra Rutile appoints new chair June 30, 2014 Sierra Rutile has appointed former director Michael Barton as chairman and non-executive director. The Aim-listed company, which is due to hold its annual general meeting today, said the change will take effect immediately. Sierra Rutile, which produces titanium feedstock industrial minerals, said Barton has worked closely with the management of the company since 2010. Jan [...]
Best of the Brokers for 01 July 2014 June 30, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ABERDEEN ASSET MANAGEMENT Barclays has kept its “overweight” rating, but increased the target price to 510p from 490p. The broker thinks that Aberdeen offers good value with the firm having outperformed previous benchmarks, and that the flow outlook will continue to improve with [...]
London Report: Turbulence for easyJet as FTSE loses altitude June 30, 2014 EASYJET proved to be a drag on the FTSE 100 yesterday as the low-cost airline felt the effect of a broker downgrade. The blue-chip FTSE 100 index ended down by 0.2 per cent, or 13.83 points, at 6,743.94 points – down more than two per cent from its 2014 peak of 6,894.88 in May, which [...]
New York Report: US indexes see sixth straight quarter of gains June 30, 2014 THE S&P 500 and the Nasdaq Composite indexes wrapped up a sixth straight quarter of gains yesterday, a streak not seen in more than 14 years. The three major US stock indexes, however, closed little changed for the day, following a set of mixed economic data. After the S&P 500’s 30 per cent gain last [...]
Letters to the Editor – 01/07 – Not a new normal, Best of Twitter June 30, 2014 Not a new normal [Re: Is Mark Carney right that the “new normal” for interest rates will be 2.5 per cent?, yesterday] Mark Carney has pointed to financial market expectations to support his assertion that the “new normal” for rates will be around 2.5 per cent. He is wrong. Financial markets do not forecast the [...]
DailyFX Tips & Picks: Analyst’s pick June 30, 2014 CHIEF STRATEGIST JOHN KICKLIGHTER My pick: Long Aussie-dollar, short Kiwi-dollar, short sterling-Aussie Expertise: Fundamental and technical analysis with risk management Average time frame of trades: One day to one week Market conditions are the number one concern moving through this week. The US Independence Day market holiday has a history of draining liquidity and anchoring [...]
World Cup in brief June 30, 2014 Karagounis and Santos end Greece careers GREECE captain Giorgos Karagounis has retired from international football following their World Cup elimination to Costa Rica on Sunday. The 37-year-old won 143 caps and was part of the team that were crowned shock European champions in 2004. Karagounis confirmed: “This was my last game for Greece. We wanted [...]
Australia plan day-night Test June 30, 2014 CRICKET: The first day-night Test is set to take place next year and will be between Australia and New Zealand. Cricket Australia chief James Sutherland said a pink ball would be used under lights for the clash in November 2015. A venue is yet to be decided. He said: “The challenge is to try to [...]
Premier League chief steps down June 30, 2014 FOOTBALL: Premier League chairman Anthony Fry has stepped down on medical grounds three months after suffering a stroke. Fry, who only succeeded Dave Richards last summer, plans to “scale back” his commitments and said it “would not be fair” to stay on. He plans to continue as a non-executive director at Dairy Crest.
