The UK Economy

I used to live in Kansas. It is, for the most part, a very large, flat plain. I used to say that “It’s not the end of the world, but you can see it from here.” (Did I mention that I now live on the east coast of the US, just a few minutes from […]

ISSUE OF EQUITY TO RAISE £1.85 MILLION Stellar Diamonds plc, the AIM quoted (AIM:STEL) diamond mining and exploration company focused on West Africa, announces that the Company has conditionally raised approximately £1.85 million (before expenses) through the issue of 148,179,476 new ordinary shares of 1p each at 1.25p per share to new and existing private […]

Anoro gains marketing authorisation in Europe for the treatment of COPD GlaxoSmithKline plc (LSE:GSK) and Theravance, Inc. (NASDAQ:THRX) today announced that the European Commission has granted marketing authorisation for Anoro (umeclidinium/vilanterol) as a once-daily, maintenance bronchodilator treatment to relieve symptoms in adult patients with chronic obstructive pulmonary disease (COPD...

The British House of Lords has declared today that it is time to stop talking and to start fracking. The Economic Affairs committee said today that unless Britain gets cracking it is going to miss opportunities for lower energy bills and a massive opportunity for as many as 250,000 jobs, not to mention a secure […]

About 14,000 jobs will be lost by the end of 2014 at Barclays (LSE:BARC) as the bank revealed its earlier promised strategy moving forward after adjusted profits for the first quarter of this year fell. In a statement today, Barclays said half of the job cuts will come from the group’s investment arm, which saw […]

Och aye the nooo! Scottish independence is unlikely to have rating implications for the UK sovereign, given Scotland’s small size relative to the UK’s economy and an independent Scotland’s likely investment-grade credit profile, says Moody’s Investors Service. The ratings agency said that the main risks to this assessment are (1) the division of the UK’s […]

New potential Copper discovery in Southern Finland FinnAust, the AIM listed exploration company with a portfolio of copper, zinc and nickel projects in Finland and Austria, has reported a new area of copper mineralisation discovered as part of the on-going exploration programme currently taking place around the previously mined Hammaslahti copper, zinc and gold mine […]

Legal action against Fitbit on course for court decision in 2015 Fitbug Holdings Plc, the AIM listed provider of online personal health and well-being services, has agreed that the repayment date of all loans to the Company from NW1 Investments Limited and Kifin Limited, a Kirsh Group subsidiary, be extended to 31 July 2015. Other […]

There are not many happy headlines this morning in the US after markets opened sharply lower on reports that “The U.S. economy slowed in the first quarter to one of the weakest paces of the five-year recovery .” Against an expectation of a 1.1% increase in GDP, the US gained a mere 0.1%. Combine that with […]

(Easily one of Europe’s great musuems. Take the family, they’ll have a wonderful time). Northrop Grumman Corporation (NYSE:NOC) has announced that its U.K.-based air traffic management systems subsidiary Northrop Grumman Park Air Systems has upgraded the air traffic control voice communication system at IWM Duxford by providing it with a future-proof Voice over Internet Protocol...