| Northern Lynx reports 15-month pretax loss of 5.6 mln stg
LONDON (AFX) - Northern Lynx PLC reported a pretax loss for the 15-month period ended Dec 31, 2006, well below its expectations due to the under performance of its Urban Logic business owing to a slow down in the property investment market and lower yields for rental property. .
Liquidity Services Stock Rises on RBC Capital Analyst Upgrade ...
NEW YORK (AP) - Shares of Liquidity Services Inc. jumped Tuesday after an RBC Capital markets analyst raised his rating on the stock, citing higher-than-expected auction revenue. Shares of Liquidity, which runs an online wholesale, salvage and surplus auction marketplace, added $1.31, or 7.9 percent, to $17.99 in afternoon trading on the Nasdaq Stock Market. During the past 52 weeks, the stock has traded between $8.66 and $24.23. RBC analyst Stephen Ju raised his rating of the stock to "Outperform" from "Sector Perform" and raised his price target to $21 from $20. .
'There's no stopping Tel Aviv stocks'
As the Tel Aviv Sock Exchange set new all-time highs during the Pessah holiday, capping off a 200 percent gain over the past four years, analysts said they saw little on the horizon to indicate the rally was anywhere near finished. "We have experienced a huge bull market since the outbreak of the second Gulf War, and if one were to look at emerging markets, of which Israel is a part, we have enjoyed some of the fastest and largest growth over the past four years," said Ami Segal, president of the Forum Group, a financial consulting and business development company. He said low interest rates have stimulated most of the recent growth, as many investors have taken their money out of shekel accounts and put it into the TASE. "Investors are left with few other alternatives except for the stock market as it offers significant returns on investments," he noted.
Zacks Earnings Preview: Alcoa, Bed, Beth & Beyond, General ...
CHICAGO--(BUSINESS WIRE)--Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Alcoa (NYSE: AA), Bed, Bath & Beyond (Nasdaq: BBBY), General Electric (NYSE: GE), MGIC Investment Corporation (NYSE: MTG) and Research in Motion (Nasdaq: RIMM). To see more earnings analysis, visit http://at.zacks.com/?id=3207. Earnings Preview is written by Charles Rotblut, CFA, Senior Market Analyst for Zacks.com. Alcoa (NYSE: AA) first-quarter report, scheduled for Tuesday afternoon, will officially kickoff first-quarter earnings season. The aluminum producer is expected to report profits of 75 cents per share, though the Most Recent Consensus calls for 76 cents per share. Joining Alcoa during the week of Apr 9 will be 32 other companies with earnings repots, including S&P 500 members: Bed, Bath & Beyond (Nasdaq: BBBY), General Electric (NYSE: GE) and MGIC Investment (Nasdaq: MGIC).
Bill to resolve SMEs’ fund raising woes
This will encourage fund infusion by willing investors into SMEs as strategic equity partners in those enterprises, explained Mr Sircar. The Bill, which was piloted by Union ministry of company affairs, is awaiting approval from the Rajya Sabha. Ensuring limited liability of partners, the Bill paves the way for equity participation in SMEs by professionals, IT companies and venture capitalists. Though talks are doing the rounds on formation of a separate platform for trading in SME securities, the SSI ministry is yet to receive a formal proposal either from Sebi or NSE on the matter. Once a formal proposal is received, the matter will be placed before the National Board on SSIs, under the ministry, to discuss what enabling provisions are required for participation of SMEs in stock trading, said Mr Sircar.
Of Blue Sky and Hotels
While Disney scratches its corporate chin while contemplating a future filled with Disney hotels around the country, even as it lures luxury hoteliers to its resort properties, a major shift is taking place in the hospitality industry that just may play a big part in influencing Mickey’s long-term plans. .
Faster economic growth calls for bold initiatives
Foreign interests and entrepreneurs in the private sector should be encouraged to participate actively in the mega projects proposed in various sectors. A VIBRANT industrial sector, a fairly high level of exports, sustained boom in the services sectors and a significant increase in the incomes of middle income groups have enabled the Union Finance Minister to formulate his budget proposals for 2007-08 from a comfortable position. The buoyancy in tax revenues has been due mainly to profitable functioning of the corporate sector and larger receipts from income tax and customs duties. The tax effort was helped by a 9 per cent growth in the gross domestic product in the current year against the earlier estimate of 8.5 per cent. Sound Central finances There has been a record collection of tax revenues in the revised estimates for the current financial year, in spite of lower than budgeted excise revenues.
Record high in spot uranium price results in chain reaction on ...
TORONTO (CP) - Record high uranium prices have set off a chain reaction of heated market activity, as companies and investors engage in a race to profit from the tight global supply and rising demand for the mineral. Junior exploration companies were recently boosted by the hike in prices for uranium, used as fuel in nuclear power plants, to US$113 a pound, the highest since the 1970s. Neal Froneman, president and CEO of SXR Uranium One (TSX:SXR), said in an interview Tuesday that he anticipates global demand for uranium to increase by 2.5 per cent annually over the next decade. He predicts prices will rise to US$150 per pound by the end of 2007. Froneman, led the South Africa-based SXR Uranium One into a merge with UrAsia Energy Ltd. (TSXV:UUU) of Vancouver, said there are 440 reactors worldwide, and 100 more are either being planned or built.
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