360investgroup: March 2011

Monday, March 28, 2011

Market news

The FTSE 100 is called to open flat this morning as geo-political concerns weigh on sentiment with the ongoing issues in Japan, Libya and the Middle East. With no domestic economic data due for release today attention will focus on figures from across the Atlantic later in the session.

Today's Company announcements

Daily Mail & General Trust Trading Update reports that revenue in the 5 months to end February was ahead 2% on last year and up 5% on an underlying basis with overall trading in the period 'satisfactory'. It added that there was continued uncertainty over the medium-term outlook, particularly for B2C businesses given the external economic environment and fragile consumer confidence in the UK.

Tullow Well Update. Announced that the Teak-2 exploration well in the West Cape offshore Ghana has discovered 27 metres of net hydrocarbon bearing Campanian and Turonian reservoirs.

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360investgroup 24th March market snapshot

360investgroup SIPP investments

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Friday, March 25, 2011

Trading Announcements

Today's Company announcements

BP Arctic Oil Update. It announced yesterday evening that an arbitral tribunal had ruled that an injunction to prevent its proposed transaction with Rosneft in Russia should continue.

BHP Billiton Iron Ore Update. Confirmed yesterday evening that it had approval of its US$7.4bn of capital investment to continue production growth at its Western Australia iron ore operations. This will expand its capacity to over 220m tonnes per annum.

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360investgroup Market snapshot 25th March 2011

360investgroup, market leaders in SIPP approved alternative investments.

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Tuesday, March 22, 2011

Today's Company announcements

Compass Acquisition. The company has agreed to acquire Elior's operations in the Netherlands which will extend its existing presence in the country.

Rolls-Royce Contract. It has secured a $200m order from Turkish Airlines for Trent 700 engines to power 3 Airbus A330 freighter aircraft.

Punch Taverns Strategic Review. It has confirmed it is to split up and spin off the better-performing managed pubs division into a separate listed company in order to restructure its debt burden. Punch will also reduce its tenanted operations to around 3,000 pubs and expects the separation into two independent companies before the end of the summer.

Cairn Energy Preliminary Results saw profit for the year of $1.1bn on increased revenue of $1.6bn. Completion of the sale of up to a 51% shareholding in Cairn India to Vedanta is awaiting Government of India approval. This planned sale would lead to a significant return of capital to shareholders and Cairn is working with the Government of India in a 'positive and constructive manner'.

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inflation hits highest level for more than two years

The rate of inflation has hit the highest level for more than two years as the price of fuel, food and clothing continues to rise.

Newly-released figures show the CPI rate of inflation soared to a higher-than-expected 4.4% last month, from an already high 4% in January.
Meanwhile the RPI measure of inflation, which includes mortgage payments, rose to 5.5% from 5.1% in January - its highest level for 20 years.

Source - Skynews - To view the full article click here

360investgroup.com market leaders in SIPP approved alternative investments.