Global News

Conditionally Raises £7.0 million Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, has announced that it has conditionally raised approximately £7.0 million (approximately US$12.0 million) before expenses by way of the issue of 77,800,000 new ordinary shares in the company at a price of 9.0 pence per Share. Use […]

A spike in activities in the media sector has been leaving its mark on the stock markets today, as it appears that we may be headed toward a new round of mergers, acquisitions and divestitures led by no less than media magnate Rupert Murdoch. ITV’s share price (LSE:ITV) opened at 201.00, up from 183.80. Time Warner’s share […]

Mattel (NASDAQ:MAT) is the biggest toy manufacturer in the world. Perhaps I should clarify. Mattel doesn’t build the biggest toys in the world; it is the biggest manufacturer of toys in the world with a market cap of $12.31 billion, annual sales of $7.1 billion, and 28,000 employees. In the mid to late 1990s, Mattel […]

“If you understand this way of thinking – that by taking smart risks you can make money over time – it will improve your willingness to take risks.” What is the answer to the question that forms the topic of this article? The answer is a big NO! Floyd Mayweather, LeBron James, Cristiano Ronaldo, Tiger […]

Savannah Resources plc (LSE:SAV) has completed the acquisition of interests in the highly prospective Block 5 and Block 6 copper projects in the Sultanate of Oman from TSX-V listed Gentor Resources Inc. The acquisition of these Projects forms part of Savannah’s growth strategy of building a globally diverse, multi-commodity exploration and development company. Overview: · […]

You have got to wonder if the Obama administration is out to get Tesla (NASDAQ:TSLA) founder Elon Musk. Following remarks by Fed Chairwoman Janet Yellen, Tesla’s share price plunged to 219.58 from it’s previous close of 226.45 on 14 July. It may be difficult to prove that Yellen’s ineptness caused the significant reduction in the […]

Also appoints Pierre Fitzgibbon as Chairman of Board Neptune Technologies & Bioressources (Nasdaq:NEPT), has announced its consolidated financial results for the first quarter ended May 31, 2014. “It was a very successful start to our fiscal year, with Neptune announcing the opening of its Sherbrooke plant, the launch later this year of three new condition-specific […]

Quarterly operations update for the period ended 30 June 2014 Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime […]

There’s no doubt about it. Persistence can pay off. AbbVie (NYSE:ABBV) has been courting Shire plc (LSE:SHP) for some time now with takeover proposals, all of which Shire has shunned. The board of Shire has now reported that it is willing to recommend ABBV’s latest offer of £53.2 per share in cash and stock. Shire’s share […]

We all know the axiom that “Where there’s smoke, there’s fire.” But have you ever noticed how, when one person lights up, someone else inevitably does too? That’s what happened today when Imperial Tobacco ( LSE:IMT) lit up the news that it was hoping to acquire some brands currently the property of Lorillard (NYSE:LO) and […]