Ken Baksh – October market report…..trickery or treats!

October 2018 Market Report During the month to September 30th, 2018, major equity markets again displayed a mixed trend, rising by 1.19% overall and the VIX index fell. There continued to be an abundance of market moving news over what is traditionally a quieter month, at macro-economic, corporate and political levels. The European Central Bank […]

Ian Pollard – BP, Phoenix Like From The Ashes

BP plc (BP.) 2017 was one of the strongest years in BP’s recent history and on the exploration front it was the most successful since 2004. Underlying  profit rose by 139%. Underlying replacement cost profit soared both for quarter 4 and for the full year. For the quarter it rose five fold from $400m. to  […]

Weir Worse But Hopeful

Weir Group WEI continued to worsen in the third quarter to the 31st October tough trading conditions every every division in decline. Minerals fell by 7%, Oil & gas by 10%, Flow Control by 4% and Continuing Operations by 7%, whether on a reported or like for like basis. Full year profits will be slightly […]

Victoria Piling On The Profits

Victoria plc VCP announced in April that full year pre tax profits were likely to be ahead of market expectations and the shares immediately went into reverse, losing a third of their value with a fall from 1600p in mid May to 1050p by the beginning of July. In July 2013 the sp stood at […]

BP to go ahead with $8 billion Indonesia LNG project expansion

BP to go ahead with $8 billion Indonesia LNG project expansion – Andalas Energy & Power (ADL by Fergus Jensen; editing by Himani Sarkar and Jason Neely   BP (BP.) gained final investment approval to an $8 billion (6.01 billion pound) expansion of the Tangguh liquefied natural gas (LNG) project in Indonesia on Friday, clearing the […]

Whitbread Worries – Costa Goes Ex Growth

WHITBREAD WTB claims good all round growth for the 53 weeks to the 3rd March and is raising its final dividend by 10% but somehow the excitement and the buzz at Premier Inns and Costa seems to have disappeared. Underlying profit  growth at Costa slumped to15.8% from 28% for the first half. On a like for […]