The Hindenburg Omen isn’t a hit May 7, 2012 NAMES for technical indicators don’t get much more dramatic than the Hindenburg Omen – simultaneously referencing the German airship tragedy of 1937 in which 36 people lost their lives and bringing to mind haunting visions of the psychotic Damien from the infamous horror film, the Omen. Chris Beauchamp, market analyst at IG Markets, believes a [...]
Why the gold to silver ratio counts May 7, 2012 SIMPLY put, the gold-silver ratio represents the number of ounces of silver that it takes to buy one ounce of gold. The gold-silver ratio has the advantage of stripping out the dollar denominational aspect of taking a straight position on gold or silver. When you take a spread bet on the silver or gold spot [...]
EURO BEARS STILL DOMINATE AS CONTAGION RISKS SPREAD May 7, 2012 CHIEF MARKET STRATEGIST The past week was very much a case of “wait and see,” given the US non-farm payrolls data and a slew of economic figures from around the world. In general, the picture was mixed, with stronger figures from the US and China for their manufacturing sectors, but Eurozone and UK data still [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 3, 2012 FINANCIAL TIMES Banks look to farm out SME lending Several large European banks are weighing the idea of outsourcing a portion of their core small business lending to a new crop of loan funds, in a further sign of the growth of the “shadow banking” industry in Europe. A number of banks including UBS and [...]
China chews up Weetabix in £1.2bn buyout May 3, 2012 A CONTROLLING stake in historic breakfast cereal firm Weetabix has been sold to China in a £1.2bn deal in the latest swoop for British assets. State-owned Bright Foods, based in Shanghai, has taken a 60 per cent stake in the Weetabix Food Company in the largest foreign acquisition by a Chinese food group. Weetabix, which [...]
Hermes gets Asian lift yet warns over drag from European crisis May 3, 2012 HERMES’ first-quarter sales have grown strongly as Chinese buyers flock to stores in both Europe and Asia, yet the French luxury goods firm yesterday warned that the weak European economy could drag down growth in 2012. The slowdown was not yet evident in the April figures, chief executive Patrick Thomas said, noting that the month [...]
Hedgie Hendry forecasts Asian economic crash May 3, 2012 HEDGE fund boss Hugh Hendry has warned the next phase of the economic crisis will hit Asia as China feels the impact of a property bubble and falling demand for exports. The Scot (below), who runs Eclectica Asset Management, which has around $700m in assets, is known for his gloomy view of China but he [...]
China’s Bright Food buys 60pc stake in Weetabix May 3, 2012 China’s state-owned Bright Food Group has agreed to buy a 60 per cent stake in British cereal firm Weetabix Food Co from private equity firm Lion Capital, which, if completed, would be its second successful overseas acquisition in less than a year. The deal, which gives Weetabix an enterprise value of £1.2bn), is expected to [...]
Diageo sales rise fuelled by emerging markets May 3, 2012 Sales at Diageo, the world’s biggest distilled drinks group, were up six per cent in the first three months of 2012 with fast-growing emerging markets and a recovery in North America offsetting falling sales in Europe. The London-based maker of Smirnoff vodka and Captain Morgan rum said that despite weakness in Europe its fiscal third-quarter [...]
Adidas outperforms rivals in China April 30, 2012 ■ Shares in Adidas jumped to a record high yesterday after the sports brand raised its 2012 profit forecast as it outperformed rivals Nike and Puma in the key Chinese market. Adidas said sales in China increased 26 per cent in the first quarter, sending shares up five per cent to €63 (£51.30) as investors [...]