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Potential Yes vote to Scottish independence adds to uncertainty for North sea oil companies

Sep 8, 2014 at 8:36 am in Market Commentary by contrarianuk · Leave a Comment »

Sterling is tumbling today after reports over the weekend that the yes campaign on Scottish independence appear to be getting the upper hand with the vote 10 days away

Markets shrug off weak US jobs numbers to continue gains

Sep 7, 2014 at 8:58 am in Market Commentary by contrarianuk · Leave a Comment »

There was key news from the US on Friday that the non-farm payrolls numbers showed that the American economy added only 142,000 jobs compared with expectations between 220,000 and 230,000, the weakest gain since December 2013.

Big day for Apple watchers on Tuesday

at 8:34 am in General Trading by contrarianuk · Leave a Comment »

Those with an interest in Apple from both an investing and usage perspective will be watching out with interest for news from the Flint Centre for the Performing Arts, in Cupertino, California on Tuesday for the much anticipated news on iPhone 6 but also potentially the iWatch.

Patagonia gold technical director resigns after forgetting to declare trades

Sep 4, 2014 at 12:52 pm in AIM by contrarianuk · 1 Comment »

Yesterday Patagonia Gold’s technical director Marc Sale resigned from the board with immediate effect after the company was forced to declare that he had made a series of trades in the company without informing the market.

Market euphoria chart

Sep 3, 2014 at 3:41 pm in Market Commentary by contrarianuk · Leave a Comment »

An interesting chart from John Sussman:

FTSE 100 comes close to all time high after hitting 14 year high

at 3:29 pm in Market Commentary by contrarianuk · Leave a Comment »

The FTSE 100 is currently trading marginally below its all time high of 6,930 set in December 1999, just before the infamous Dot com crash and set a 14 year high this morning.

Quindell buys out Connected Car Solutions deal with RAC and shares surge

Sep 2, 2014 at 2:05 pm in AIM by contrarianuk · Leave a Comment »

Quindell shares have had a boost today on the decision to buy out their telematics joint venture with RAC called Connected Car Solutions. The shares are currently trading up 8% at 182p following official conformation of the story which was first rumoured by the FT about a month ago.

Scunthorpe well looks encouraging for Edgon, Europa and Union Jack oil

at 1:10 pm in AIM by contrarianuk · Leave a Comment »

The onshore oil and gas sector of the UK has been controversial of late with the start of exploration using non-conventional fracking methods which have raised emotions amongst locals who are worried about the effects of well fluids on ground water, seismic disturbances and so on.

Indian GDP growth points to economic recovery as reforms begin

Sep 1, 2014 at 11:13 am in Market Commentary by contrarianuk · Leave a Comment »

For emerging markets watchers, the revival of the Indian economy in recent months has been reassuring under Prime Minister Narendra Modi and has driven the Sensex India index to record highs

Rough ride for global miners as iron ore prices continues descent

Aug 29, 2014 at 8:16 am in General Trading by contrarianuk · Leave a Comment »

The big miners like BHP Billiton, Anglo American and Rio Tinto all fell around 3% yesterday as the price of iron ore continues its precipitous fall in 2014, hitting $87 a tonne, a drop of over 35% this year. The average price of iron ore in 2013 was $135 a tonne.