Tuesday, November 30, 2010
Monday, November 29, 2010
More Market News and Views 29th November
An Alternative view of the Markets
360investgroup
Market News and Views
The FTSE 100 is called to open higher this morning helped by the Irish 85bn euro deal with the European Union although concerns remain over others in the euro zone such as Portugal and Spain. The Korean situation is another ongoing factor the markets will have to contend with. Overnight we had domestic data showing that house prices fell 0.8% on the month and were 1.1% lower on the year, the largest annual decline in nearly a year according to Hometrack. A separate survey from the CBI also reported a surprise fall in business volumes by consumer companies in the 3 months to November as Britons cut back on leisure and other discretionary spending. Later in the session we will have the Autumn Forecast Statement from the Office for Budget Responsibility.
Today's Company announcements
BAE Systems Acquisition. It is paying AUD$24m to acquire stratsec.net Pty Ltd, an information security company. The deal is conditional amongst other things, on regulatory approval and is expected to close in Q4 2010.
BP Disposal. It has agreed to sell its interests in Pan American Energy, an Argentina-based oil and gas company to Bridas Corporation for $7.06bn in cash for BP's 60% interest. The deal is expected to be completed in 2011 and is part of BP's plan to make asset divestments of up to $30bn by the end of 2011.
BP Disposal. It has agreed to sell its interests in Pan American Energy, an Argentina-based oil and gas company to Bridas Corporation for $7.06bn in cash for BP's 60% interest. The deal is expected to be completed in 2011 and is part of BP's plan to make asset divestments of up to $30bn by the end of 2011.
Markets Summary | Previous | Change |
 | ||
FTSE 100 | 5668.70 | -30.23 |
| ||
FTSE 250 | 10809.43 | -25.61 |
| ||
Dax | 6848.98 | -30.68 |
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Dow Jones | 11092.00 | -95.28 |
| ||
Nasdaq | 2534.56 | -8.56 |
| ||
S&P | 1189.40 | -8.95 |
| ||
Hang Seng | 23047.30 | 170.05 |
| ||
Nikkei | 10125.99 | 86.43 |
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Commodities Summary | Previous | Change |
| ||
Oil | 86.10 | 0.34 |
| ||
Gold | 1362.64 | 5.56 |
| ||
Silver | 26.78 | 0.13 |
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Currency Summary | Previous | Change |
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£/$ | 1.5620 | 0.0025 |
| ||
€/$ | 1.3244 | -0.0037 |
| ||
$/¥ | 84.05 | 0.0250 |
| ||
£/€ | 1.1788 | 0.0014 |
360investgroup
Friday, November 26, 2010
Today's headlines 26th November
Today's headlines
*ICE ECX may amend 2013 CER contract over EC curbs
*EC offset proposals spark CER sell-off
*Meth panel probe could hit pre-2013 CER supply
*Swiss eye more offset purchases
*Market slams January 2013 start date for EC ban
*EC seeks ban of HFC 23, adipic acid offsets from Jan 2013
*Swedish agency to buy post-2012 CERs
*NZUs edge upwards
*Panel in support of HFC 23 issuance methodology revision: Reuters
360investgroup
*ICE ECX may amend 2013 CER contract over EC curbs
*EC offset proposals spark CER sell-off
*Meth panel probe could hit pre-2013 CER supply
*Swiss eye more offset purchases
*Market slams January 2013 start date for EC ban
*EC seeks ban of HFC 23, adipic acid offsets from Jan 2013
*Swedish agency to buy post-2012 CERs
*NZUs edge upwards
*Panel in support of HFC 23 issuance methodology revision: Reuters
360investgroup
Wednesday, November 24, 2010
Mitsubishi and Baosteel Group carbon credits
Japan’s Mitsubishi and China’s Baosteel Group will cooperate on generating carbon credits.
Mitsubishi, Japan’s biggest trading house, and Baosteel, a major Chinese steelmaker, have agreed to form a strategic environmental alliance, a Mitsubishi spokesman confirmed to Point Carbon News on Wednesday.
360investgroup
360investgroup
Hungary fossil-based power up 11%, Slovakia down 7%
CO2 emitting power generation soared in Hungary, but plunged in Slovakia in the first nine months.
Fossil-fuel based electricity production rose 11 per cent to 12,978 GWh in Hungary in the first nine months of the year, according to preliminary government data.
360investgroup
360investgroup
EUAs finish week steady under €15
EUAs ended the week little changed as industrial selling kept prices below €15, traders said.
EU allowances for December delivery, trading on ICE ECX, finished at €14.93, a penny below Thursday’s settlement price but 3 cents above last Friday’s close.
360investgroup
360investgroup
Wednesday, November 17, 2010
Todays Market News and Views
Market News and Views
The FTSE 100 is called to open lower this morning as investors wait for news about Ireland's debt situation and its potential impact on the euro zone as ongoing concerns that the Chinese will tighten monetary policy continue to fester. The market will have domestic economic data and US figures later in the session to focus on (see below) which includes the Minutes of the Bank of England MPC which may provide some direction on UK interest rates. Ex-dvidend factors will take off over 10 points from the FTSE 100 this morning.
Today's Company announcements
Centrica IMS reports that it continued to perform strongly in Q3 and overall expects forecast operating profits to be slightly ahead of current market expectations with EPS in line with current estimates.Barratt Developments IMS notes a 9% rise in total average selling prices for the financial year to date and said whilst the autumn selling season has been weaker than anticipated, its encouraging performance on price is expected to drive margin growth for the year.
Northern Foods Propsed Merger. Announces recommended merger with Greencore with the combined group to be called Essenta Foods. Northern and Greencore shareholders to hold 50% each of the merged company and it expects cost synergies of £40m pa to be realised within 3 years. The merger is expected to complete during the Q2 of 2011.
ICAP Interim Results saw a 4% rise in net profit to £98m on the back of a better performance in its electronic broking business on revenue ahead 9% at £867m. It added that the 'current range of analysts forecasts for ICAP's profits are reasonable'.
Experian Interim Results saw a 10% fall in PBT with revenues increasing 8% and the dividend rising 29%. It added that trends were improving across all regions and was targeting a modest improvement in its full year EBIT margin
360investgroup
sipp investments
Tuesday, November 16, 2010
Ireland's Cowen to Weigh EU Steps to Shore Up Banking System
Ireland signaled a willingness to weigh European Union measures to aid its banks, potentially abandoning a go-it-alone defense to prevent a resurgent debt crisis from destabilizing the euro.
With European Central Bank officials urging Ireland to set aside national pride and tap the 750 billion-euro ($1 trillion) fund created in May, Prime Minister Brian Cowen put aid for banks on the agenda of a meeting of euro finance ministers today.
360investgroup
original source of information - Irish Times & Bloomberg
With European Central Bank officials urging Ireland to set aside national pride and tap the 750 billion-euro ($1 trillion) fund created in May, Prime Minister Brian Cowen put aid for banks on the agenda of a meeting of euro finance ministers today.
360investgroup
original source of information - Irish Times & Bloomberg
Market update -16 November 2010
Market update (AM): FTSE hit as Asian markets finish lower.
Listed hedge fund Man Group was the biggest faller in early trading, with share price dropping by 4.4 per cent to 280.9p.
Thursday, November 4, 2010
Pensions Shock - 77% of Britons are retiring on pensions of less than £2,000 per year
latest figures suggest that 77% of Britons are retiring on pensions of less than £2,000 per year - that’s just £38.46 per week!
Picture the day you finish working. You will finally have the freedom to do what you want, when you want. But will your private pension(s) provide you with enough? The shocking fact is that over three quarters of the population won't.
So how do we ensure that we have enough money to retire on? Logic tells us that the more we have in our pension pot the more we have to retire on, and in essence this is true. It's no secret that in order to maximise your retirement pot, one needs to invest, via your SIPPs (Self Invested Pension Plan), into high return and stable investments
To learn how to maximise your sipp investments contact us directly.
360investgroup.com
sipp investments
alternative sipp investments
Picture the day you finish working. You will finally have the freedom to do what you want, when you want. But will your private pension(s) provide you with enough? The shocking fact is that over three quarters of the population won't.
So how do we ensure that we have enough money to retire on? Logic tells us that the more we have in our pension pot the more we have to retire on, and in essence this is true. It's no secret that in order to maximise your retirement pot, one needs to invest, via your SIPPs (Self Invested Pension Plan), into high return and stable investments
To learn how to maximise your sipp investments contact us directly.
360investgroup.com
sipp investments
alternative sipp investments
Tuesday, November 2, 2010
Todays Market Snapshot 2nd November 2010
Market News and Views
The FTSE 100 is called to open flat this morning as investors prepare for the start of the US FOMC meeting and US elections. Overnight news saw both Australia and India raise interest rates by a quarter point to curb inflation due to strong growth. However, early focus will be on the raft of UK corporate earnings statements from companies which may help provide some direction.
Today's Company announcements
Lloyds Banking Group IMS reports that it has continued to make good progress in Q3 as it continues to deliver against the guidance provided at the Interims. Core income growth, margin improvement, integration savings, funding progress and Balance Sheet all remain on target adding that this gave it confidence that it will deliver a good financial performance in the current year.
Imperial Tobacco Final Results saw adjusted PBT up 10% to £2.47bn on revenues ahead 6% at £28.2bn. The dividend is raised 15% to 84.3p but cigarette volumes fell just over 4% to 308.7bn and said to continued to focus on cost cutting.
BP Q3 Results saw a headline replacement cost profit of $1.8bn despite an additional pre-tax charge of $7.7bn in respect of the Gulf of Mexico spill. Total revenue in the period rose 10% to $74.65bn.
BG Q3 Results saw net profits of $849m on total oil and gas production of 56.4m barrels. Total revenue rose nearly 22% to $4.41bn in the period.
Reckitt Q3 Results saw better than expected profits and sales underpinned by developing markets and new products and set new targets for 2010.
Aviva Q3 Results saw new business sales up 6% in the first 9 months of the year and added that it was 'on track to deliver strong profitable growth and outstanding cash generation for the 2010 full year'.
360investgroup
Imperial Tobacco Final Results saw adjusted PBT up 10% to £2.47bn on revenues ahead 6% at £28.2bn. The dividend is raised 15% to 84.3p but cigarette volumes fell just over 4% to 308.7bn and said to continued to focus on cost cutting.
BP Q3 Results saw a headline replacement cost profit of $1.8bn despite an additional pre-tax charge of $7.7bn in respect of the Gulf of Mexico spill. Total revenue in the period rose 10% to $74.65bn.
BG Q3 Results saw net profits of $849m on total oil and gas production of 56.4m barrels. Total revenue rose nearly 22% to $4.41bn in the period.
Reckitt Q3 Results saw better than expected profits and sales underpinned by developing markets and new products and set new targets for 2010.
Aviva Q3 Results saw new business sales up 6% in the first 9 months of the year and added that it was 'on track to deliver strong profitable growth and outstanding cash generation for the 2010 full year'.
360investgroup
Monday, November 1, 2010
Todays Market Snapshot 1st November 2010
Market News and Views
The FTSE 100 is called to open higher this morning helped by strength overnight in Asia on the back of strong manufacturing data from China. There is a raft of economic data due out today mainly from the US but domestically we kick off the week with manufacturing PMI. However, the bigger focus for investors this week will be the outcome of the US FOMC meeting starting on Tuesday with the US mid-term elections also taking place the same day. In trading this morning, sterling is up against the dollar but near flat against the euro.
Today's Company announcements
Weir IMS reports that it has performed well in Q3 and the positive trends seen together with some further foreign exchange translation benefits means that it now expects profits for 2010 to be ahead of previous expectations.
BG Queensland LNG Project Update. It has announced final investment approval for the first phase of this project in Queensland state in Australia and will spend $15bn over the next 4 years, its single biggest investment it has undertaken.
360investgroup
carbon credits
BG Queensland LNG Project Update. It has announced final investment approval for the first phase of this project in Queensland state in Australia and will spend $15bn over the next 4 years, its single biggest investment it has undertaken.
360investgroup
carbon credits
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