If you’re looking for steady income for your portfolio, you can’t go wrong with British American Tobacco (LSE: BATS). The tobacco producer is highly profitable and returns most of its income to investors. For the past decade, British American has reported an average operating margin of more than 30% …
LONDON (Alliance News) – Both the FTSE 100 and FTSE 250 set new record all-time highs shortly after the start of trade on Friday, squeezing in some further … The FTSE 100 index was up 0.2%, or 11.60 points at 7,634.48 early Friday, having hit a fresh…
The Canadian dollar spiked up against its major counterparts in the pre-European session on Friday, as oil prices advanced following a data showing a draw in U.S. crude oil inventories last week.
Crude for February delivery rose $0.36 to $60.20 per b…
Spain’s consumer price inflation slowed more than expected in December, according to flash data from the statistical office INE, released Friday.
Inflation eased to 1.2 percent in December from 1.7 percent in November. This was the lowest rate since…
Britain’s FTSE 100 hit fresh record highs this week, but has actually only gained around 6.7% during the year. Today’s trading session will end at 12.30pm. So, a solid year for shares. But could the markets be peaking? Some investors worry that the good times could end soon. For example, an index from …
Spain Dec Flash HICP Up 0.1% On Month, Consensus 0.2%
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Spain Dec Flash HICP Rises 1.3% On Year, Consensus 1.4%
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Spain Dec Flash CPI Up 0.1% M-o-M, Consensus +0.1%
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Spain Dec Flash Inflation 1.2% Vs. 1.7% In Nov, Consensus 1.5%
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The FTSE 100 index, also known as the Financial Times Stock Exchange 100 index, saw the UK stock market at an all-time high. It hit 7,633 points for the first time ever after it continued to make gains throughout the day. It comes as rumours fly of a s…
Finland’s trade deficit was larger than the initial estimate in October, revised data from Finland Customs Office showed Friday.
The trade balance showed a deficit of EUR 133 million in October instead of EUR 120 million estimated on December 8.
E…
Canadian Dollar Rises To 8-day High Of 0.9786 Against Aussie
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The two had a heated meeting about interest rates in January 1991, newly-released papers reveal.
Turkey’s trade deficit widened in November from the previous year on higher imports, figures from the Turkish Statistical Institute showed Friday.
The trade deficit increased to $6.32 billion in November from $4.15 billion in the same period of 2016…
Good afternoon!
As expected, there was very little news this morning of any substance. Almost none, in fact.
Fortunately, Stanley Gibbons (LON:SGI) has graced us with its interim results (at 11:07am), so that gives me something to look at.
Stanley Gibbons (LON:SGI)
Share price: 3.75p (-32%)No. of shares: 179 millionMarket cap: £7 millionInterim Results
This coin and stamp business now falls below our market cap limit.
There are a couple of interesting features in this announcement. The bottom line is that the shares are probably worthless. But we can still see what the company is doing to manage the situation and produce the best result it possibly can.
1) Cutting loose SG Guernsey.
This is the investments division, which was crippled by the offer to customers that it would buy back their stamps from them. That turned out to be something it could not do, while also remaining solvent.
SG Guernsey has huge potential liabilities of £54 million. These are contingent, so they weren’t listed on the balance sheet.
Off-balance sheet financing often involves some unusual business or accounting practices. In this case, Stanley Gibbons was booking profits on…
Good morning!This is the placeholder, for your comments.Regards,Graham
Good afternoon!As expected, there was very little news this morning of any substance. Almost none, in fact.Fortunately, Stanley Gibbons (LON:SGI) has graced us with its interim results (at 11:07am), so that gives me something to look at.Stanley Gibbons (LON:SGI)Share price: 3.75p (-32%)No. of shares: 179 millionMarket cap: £7 millionInterim ResultsThis coin and stamp business now falls below our market cap limit.There are a couple of interesting features in this announcement. The bottom line is that the shares are probably worthless. But we can still see what the company is doing to manage the situation and produce the best result it possibly can.1) Cutting loose SG Guernsey.This is the investments division, which was crippled by the offer to customers that it would buy back their stamps from them. That turned out to be something it could not do, while also remaining solvent.SG Guernsey has huge potential liabilities of £54 million. These are contingent, so they weren’t listed on the balance sheet.Off-balance sheet financing often involves some unusual business or accounting practices. In this case, Stanley Gibbons was booking profits on its investment…
Turkey Nov Imports Rise 21.3% On Year
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IG’s opening calls suggest that the FTSE 100 will start the last session for the year 0.08 percent higher at 7,629 points. The index is likely to take cues from the US, where shares rose on the second-to-last trading day of the year. CNBC quoted Robert Pavlik, chief investment strategist at SlateStone …
Turkey Nov Exports Rise 11.2% Annually
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Turkey Nov Trade Deficit $6.3 Bln Vs. -$4.15 Bln Last Year, Consensus -$6.3 Bln
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Finland Oct Exports Value Rises 17% On Year
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Finland Oct Imports Up 14% Annually
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Finland Oct Trade Deficit At EUR 133 Mln
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European shares are expected to begin Friday’s session on a high note, as investors wave goodbye to 2017 and look ahead to what the New Year will bring for markets. On the bourses front, the U.K.’s FTSE 100 is expected to open 8 points higher at 7,626, while the German DAX is set to open 21 points …
LONDON (Alliance News) – Stocks in London are set to open higher on Friday in the last session of 2017, with the FTSE 100 looking to post further gains before the year is out amid a quiet day for economic data. IG says futures indicate the FTSE 100 ind…
South Africa’s private sector growth accelerated in November, figures from South African Reserve Bank showed Friday.
Private sector credit climbed 6.45 percent year-on-year in November, following October’s 5.43 percent rise. Economists had forecast …
Russia’s service sector activity expanded more than expected in December but the pace of growth slowed from November, survey results from IHS Markit showed Friday.
The IHS Markit services Purchasing Managers’ Index fell to 56.8 in December from 57.4 …
Dutch producer confidence weakened in December, data from the Central Bureau of Statistics showed Friday.
The producer confidence index fell to 8.9 in December from 9.1 in November. Nonetheless, this was the second highest value seen this year. The …
U.S. Dollar Drops To 1.1954 Against Euro
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