DailyMarkets.com - Saks Surpasses Zacks Estimates
DailyMarkets.com - Saks Surpasses Zacks Estimates |
- Saks Surpasses Zacks Estimates
- Priceline Up On Report, Guidance
- Vertex Jumps On Positive Data
- Hot Option Plays: Leaving On A Jet Plane, Will The Market Come Back Again?
- Forex – EUR/USD Up In U.S. Trading Hours
- Mylan EPS In Line, But Sales Miss
- CMS Energy In Line, Guides 2011
- MetroPCS Tops On “Wireless For All”
- “Libya Situation Driving Fear Factor In Oil”
- Forex Trading: USDCHF Making A New Low
- Check On Intraday Market Internals Shows Make Or Break For SP500
- In A Complex World, DATATRAK International Leads The Way
- In A Complex World, DATATRAK International Leads The Way
- Safeway Ahead Of Estimates
- Ugly Durable Goods Report
- Forex – AUD/USD Up In U.S. Trade
- Banking Reform: More Equity, Less Government
- Options Trader Positions For Airline Recovery Story
- Triple Index Checkup And Simple Levels To Watch
- Toll Brothers Losses Slide
- Post-slump Sales Rejuvenate GM
- SRE Beats EPS, Reaffirms Outlook
- New Home Sales Dismal
- Dollar Declines On Crude, Middle East
- Forex – NZD/USD Up During The U.S. Session
- European Markets Close Lower; Dax Down 0.89%
- European Markets Close Lower; Dax Down 0.89%
- GBP Weakens As Retail Report Shows Consumers Retrenching
- Integrys’ EPS Exceeds, Revs Dip
- Vornado Surpasses Estimates
- Jobless Claims Going The Right Way
- GBP/JPY Tops Off And Targets 129.50
- M&I Retrenches 143 Employees
- Ryder Upgraded On Solid Outlook
- Crude Rallies Above $100
- USD/CAD Forms Another Descending Triangle
- CHF And JPY Gain As Currency Markets Dominated By Worry
- Silver Completing Flag Pattern To Form Gartley?
- Lamar’s 4Q Loss Exceeds Consensus
- Forex – Dollar Down Vs. Most Rivals As Oil Prices Climb
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- Unrest Boosts Bonds
- Forex Trading: USDJPY Tests Trendline Support
- Forex – GBP/USD Trims Losses After Bullard Remarks
- National Bank Of Moldova Holds Rate At 8.00%
- AUD/JPY To Test Channel Support Near 81.60
- National Bank Of Rwanda Holds Rate At 6.00%
- Forex Trading: GBPUSD Moves Lower After Topside Fails. 1.6080 Is Next Target
- Forex – EUR/USD Advances To 16-day High As Oil Prices Rise
- Forex Trading: EURUSD Tests Upside Target On ECB Weber Comments
- Opening Bell Market Monitor: GM, KSS, TGT
- EUR/USD’s Bullish Targets: 1.3860, 1.3980 And 1.4280
- Morning News Notes: 2.24.11
- Sunrise Resources Secures Exploration Licence For Cue Diamond Project
- Britvic Margins Expected To Be Hit By Surging Costs Of Raw Materials
| Saks Surpasses Zacks Estimates Posted: 24 Feb 2011 11:35 AM PST Saks Incorporated (SKS) delivered fourth-quarter 2010 earnings (excluding one-time items) of 13 cents per share, compared with 6 cents in the year-ago quarter. The Zacks Consensus Estimate was a net loss of 8 cents. The year-over-year improvement in the quarter reflects same-store sales growth and gross margin rate expansion.
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| Priceline Up On Report, Guidance Posted: 24 Feb 2011 11:35 AM PST Priceline.com Inc PCLN) reported strong numbers in the seasonally down fourth quarter. The company's earnings including stock based compensation and excluding other items beat the Zacks Consensus by 16 cents, or 5.7%.
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| Posted: 24 Feb 2011 11:35 AM PST Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently reported positive data from a late stage trial on VX-770, being evaluated for the treatment of cystic fibrosis (CF). In the phase III (STRIVE) trial, which compared VX-770 with placebo, all the primary and secondary endpoints were met. Following the trial results, the Vertex Pharma's share price shot up 15%
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| Hot Option Plays: Leaving On A Jet Plane, Will The Market Come Back Again? Posted: 24 Feb 2011 11:18 AM PST Cusick's Corner
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 24 Feb 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Core Durable Goods Orders. EUR/USD was trading at 1.3792, up 0.32% at time of writing. The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3820, today's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -3.60% last month from 3.00% in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Mylan EPS In Line, But Sales Miss Posted: 24 Feb 2011 11:05 AM PST Mylan Inc.'s (NYSE:MYL) fourth quarter 2010 earnings (excluding special items) of $0.45 per share were in line with the Zacks Consensus Estimate but well above the year-ago earnings of $0.33 per share. Increased revenues led to the rise in earnings in the final quarter of 2010. On a reported basis (including special items), the generic player earned $0.01 per share like a year ago.
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| CMS Energy In Line, Guides 2011 Posted: 24 Feb 2011 11:05 AM PST Michigan-based CMS Energy Corp. (NYSE:CMS) delivered adjusted earnings of 21 cents per share in its fourth quarter 2010, a penny ahead of the Zacks Consensus Estimate. Results were, however, 45% behind 38 cents earned in the year-ago quarter. Adjusted earnings, at $55 million, were 39% lower than $91 million in the fourth quarter 2009.
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| MetroPCS Tops On “Wireless For All” Posted: 24 Feb 2011 11:05 AM PST MetroPCS Communications Inc. (NYSE:PCS), the sixth-largest prepaid wireless service operator in the U.S., reported fourth quarter 2010 adjusted earnings per share of 20 cents beating the Zacks Consensus Estimate by two cents and improving 11 cents from the year-ago quarter. The company's "Wireless for All" service plans led to overall stronger results.
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| “Libya Situation Driving Fear Factor In Oil” Posted: 24 Feb 2011 10:55 AM PST 02/24/11 Sunrise Securities’ Ben Willis discusses risk aversion, soaring oil prices, and key technical levels for the US stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDCHF Making A New Low Posted: 24 Feb 2011 10:53 AM PST The USDCHF has just made a new low – moving through the low at 0.9239. The next major target is at 0.9190 where the bottom side trendline is found (see chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Check On Intraday Market Internals Shows Make Or Break For SP500 Posted: 24 Feb 2011 10:41 AM PST In my prior post about key inflection points on the three major US Stock Market Indexes, we saw quick, easy reference levels to watch, including 1,300 for the S&P 500.
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| In A Complex World, DATATRAK International Leads The Way Posted: 24 Feb 2011 10:35 AM PST Ken Nagy, CFA DATATRAK International, Inc. (NASDAQ:DATA) is a technology and services company that provides electronic clinical solutions for the clinical trials industry. Its software suite is used to collect, review, transmit, and store clinical trial data electronically.
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| In A Complex World, DATATRAK International Leads The Way Posted: 24 Feb 2011 10:35 AM PST Ken Nagy, CFA DATATRAK International, Inc. (NASDAQ:DATA) is a technology and services company that provides electronic clinical solutions for the clinical trials industry. Its software suite is used to collect, review, transmit, and store clinical trial data electronically.
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| Posted: 24 Feb 2011 10:35 AM PST Safeway Inc. (NYSE:SWY) reported fourth quarter fiscal 2010 earnings per share of 62 cents, beating the Zacks Consensus Estimate of 58 cents. The company had reported an adjusted EPS of 53 cents in the year-ago quarter.
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| Posted: 24 Feb 2011 10:35 AM PST New Orders for Durable Goods rose 2.7% in January. That was in line with the consensus expectations. In some ways, this report as the exact opposite of the December report, or the December report as originally reported. The December numbers were all very heavily revised, and revised upwards. It was first reported as a decline of 2.5%, but now they say new orders only fell 0.4%. That does not give me a lot of confidence in this month's numbers. The good news can be pegged on the extremely … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Up In U.S. Trade Posted: 24 Feb 2011 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday. AUD/USD was trading at 1.0086, up 0.64% at time of writing. The pair was likely to find support at 0.9967, Tuesday's low, and resistance at 1.0152, Monday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.28% to hit 1.3679 and AUD/JPY falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Banking Reform: More Equity, Less Government Posted: 24 Feb 2011 10:32 AM PST From my article at the American.com (with Robert Dell),”More Equity, Less Government: Rethinking Bank Regulation”: History's two most influential advocates for economic liberty, Adam Smith and Milton Friedman, nevertheless turned away from "free banking" to support some financial regulation and legislative reform in the wake of financial crises. Yet their proposed reforms would have limited government discretionary power and systemic micromanagement. What would they have concluded from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Options Trader Positions For Airline Recovery Story Posted: 24 Feb 2011 10:17 AM PST Options trader positions for airline recovery story
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| Triple Index Checkup And Simple Levels To Watch Posted: 24 Feb 2011 10:10 AM PST Now that we've had a few days to digest the Libya fallout and surge in oil prices, let's take a look at the triple-index update for the interestingly simple daily chart reference levels that mean the difference between "simple pullback" and "early trend reversal." Let's start with a general principle in technical analysis that will be applicable to all three indexes – something I've shown many times in the past:
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| Posted: 24 Feb 2011 10:05 AM PST Toll Brothers Inc. (NYSE:TOL) recorded a profit of $3.4 million or 2 cents per share in the first quarter of fiscal 2011 ended January 31, 2011 in contrast to a loss of $40.8 million or 25 cents per share in the same quarter of prior fiscal year. Excluding tax benefits of $20.4 million and $16.0 million, the company had reported losses of $17.0 million and $56.8 million for the first quarter of fiscal 2011 and fiscal 2010, respectively.
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| Post-slump Sales Rejuvenate GM Posted: 24 Feb 2011 10:05 AM PST General Motors Company (NYSE:GM) posted a profit of 52 cents per share in the fourth quarter of 2010, exceeding the Zacks Consensus Estimate by 5 cents per share. The results excluded net charges of $0.4 billion due to the previously disclosed $0.7 billion loss on the purchase of U.S. Treasury preferred shares.
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| SRE Beats EPS, Reaffirms Outlook Posted: 24 Feb 2011 10:05 AM PST Sempra Energy (NYSE:SRE) announced its fourth-quarter earnings of $1.18 per share surpassing the Zacks Consensus Estimate of 94 cents and the year-ago quarterly earnings of 88 cents per share.
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| Posted: 24 Feb 2011 10:05 AM PST New Home Sales in January fell by 12.6% from December, to a dismal rate of 284,000. Relative to a year ago, sales are down 18.6%. The December rate was revised down to 325,000 from 329,000. Thus relative to where we thought we were, it could be seen as a 13.7% decline. The level was substantially worse than the expected rate of 310,000. The nine lowest months on record (back to 1963) for New Home Sales, have all been in the last nine months. We are still down from a year ago, and it is not … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Dollar Declines On Crude, Middle East Posted: 24 Feb 2011 05:00 AM PST 02/24/11 The US dollar has continued to take a hit this afternoon following growing political unrest in Libya and another rise in crude prices above … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Up During The U.S. Session Posted: 24 Feb 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7484, up 0.38% at time of writing. The pair was likely to find support at 0.7428, Wednesday's low, and resistance at 0.7652, Monday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.28% to hit 1.3475 and EUR/NZD falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Lower; Dax Down 0.89% Posted: 24 Feb 2011 10:00 AM PST Forex Pros – European stocks were down after the closing bell on Thursday. At the close of European trade, Germany's DAX fell 0.89%, London's FTSE 100 shed 0.06%, France's CAC 40 declined 0.09% and the EURO STOXX 50 was down 0.20%. Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted annual rate of 284.00K last month from 325.00K in the preceding month whose figure was revised down from 329.00K. Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Lower; Dax Down 0.89% Posted: 24 Feb 2011 10:00 AM PST Forex Pros – European stocks were down after the closing bell on Thursday. At the close of European trade, Germany's DAX fell 0.89%, London's FTSE 100 shed 0.06%, France's CAC 40 declined 0.09% and the EURO STOXX 50 was down 0.20%. Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted annual rate of 284.00K last month from 325.00K in the preceding month whose figure was revised down from 329.00K. Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP Weakens As Retail Report Shows Consumers Retrenching Posted: 24 Feb 2011 09:46 AM PST The cracks are showing in the UK economy as a report on retail sales came in sharply weaker than expected. The news exposes the trouble the UK economy will face as austerity measures begin to bite and the Bank of England looks more and more likely that they will have to hike rates to quell surging inflation.
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| Integrys’ EPS Exceeds, Revs Dip Posted: 24 Feb 2011 09:35 AM PST Integrys Energy Group (NYSE:TEG) reported fourth quarter 2010 adjusted earnings of 82 cents per share, exceeding the Zacks Consensus Estimate of 78 cents and the year-ago earnings of 51 cents. Adjusted earnings were $64.2 million compared with $39.5 million in the prior-year quarter, implying a growth of 62.5%.
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| Posted: 24 Feb 2011 09:35 AM PST Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported fourth quarter 2010 FFO (funds from operations) of $335.8 million or $1.76 per share, versus $0.02 million or break-even results in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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| Jobless Claims Going The Right Way Posted: 24 Feb 2011 09:35 AM PST Initial Claims for Unemployment Insurance dropped by 22,000 last week to 391,000 (last week was revised up by 3,000, so one could see it as a 19,000 decline). This was much better than the expected level of 410,000. The weekly numbers have been very erratic of late. This is a series that tends to be a bit on the flakey side around the holidays, but that effect should now be subsiding, so perhaps this is a more normalized level. Beneath 400,000 a Key Level Let us hope the decline continues. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP/JPY Tops Off And Targets 129.50 Posted: 24 Feb 2011 09:24 AM PST Previous: Forex Notes (2/23) - The GBP/JPY pair did not follow the bullish scenario we anticipated (to 136.40, 137.75) as the 133.10 support did not hold. The pivot now is at 133.25, so a pending rally should not break above 133.25, because it is likely a wave (iv), and should not overlap wave (i). There might be a correction soon because the RSI is dipping below 30, showing oversold conditions.
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| Posted: 24 Feb 2011 09:05 AM PST On Wednesday, Marshall & Ilsley Corporation (NYSE:MI) announced that it is in the process to cut 143 positions across the country, including 21 in St. Louis, 16 in Kansas City, 12 in Arizona, and 20 in Minnesota. This represents about 1.6% of the total work force of the company.
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| Ryder Upgraded On Solid Outlook Posted: 24 Feb 2011 09:05 AM PST We are upgrading our long-term recommendation on Ryder System Inc. (NYSE:R) to Outperform from Neutral. Currently, the stock has a Zacks # 2 (Buy) Rank. We expect Ryder System to outperform the broader market. The company's strong fourth quarter 2010 results and management's solid fiscal 2011 outlook encourages us to upgrade our rating on the stock.
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| Posted: 24 Feb 2011 09:00 AM PST 02/24/11 Growing tensions in the Middle East and a weaker US dollar has paved the way for front month crude prices to breach the pivotal $100 a barrel mark … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CAD Forms Another Descending Triangle Posted: 24 Feb 2011 08:56 AM PST Previous: Forex Notes (2/23) - As expected the USD/CAD continues to be choppy, but retains the bearish bias. The daily chart shows that previously, we had a descending triangle with the base just below 1.0, parity. Now, after some sideways action, we are developing lower highs, but the base is at 0.9820 area. It is not a perfect descending triangle, but the important thing is the dynamics of lower highs, and relatively flat support.
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| CHF And JPY Gain As Currency Markets Dominated By Worry Posted: 24 Feb 2011 08:53 AM PST The tense situation in Libya right now, where anti-government protesters have turned into rebels, holding many of the key cities in the easter part of the country were joined by rebels in the west of the country, putting Libya's embattled President Gadhafi in control of the capital – Tripoli – but not much else. Seems that while an end game is playing out for the regime, the strong use of violence within the capital means that removing the leader will be a bloody … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Silver Completing Flag Pattern To Form Gartley? Posted: 24 Feb 2011 08:36 AM PST Previous: Forex Notes (2/23) - Silver continues to consolidate after touching 34.30.
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| Lamar’s 4Q Loss Exceeds Consensus Posted: 24 Feb 2011 08:35 AM PST Lamar Advertising Company (NASDAQ:LAMR) reported its financial results for the fourth quarter and the fiscal year 2010 on February 23. Earnings per share in the quarter were a loss of 8 cents, an improvement from a loss of 22 cents as reported in the fourth quarter of 2009. The results, however, lagged the Zacks Consensus Estimate of a loss of 7 cents per share.
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| Forex – Dollar Down Vs. Most Rivals As Oil Prices Climb Posted: 24 Feb 2011 08:29 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Thursday, as higher crude oil prices weighed, amid fears that escalating violence in Libya could reduce global supplies. During European late afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.25% to hit 1.3783. Earlier in the day, major banks warned that OPEC needed to act quickly to halt the rally in oil prices if unrest was to spread beyond Libya to other major producing oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australian Dollar: The Downside Prevails Posted: 24 Feb 2011 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: The Downside Prevails Posted: 24 Feb 2011 08:18 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 24 Feb 2011 08:18 AM PST Today’s Idea
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| Forex Trading: USDJPY Tests Trendline Support Posted: 24 Feb 2011 08:15 AM PST The USDJPY has moved sharply lower today and got within 9 pips of trendline support at the 81.55 level (see daily chart). I would expect this level below to continue to find profit taking buyers at least for the trading day today with a break being the risk.
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| Forex – GBP/USD Trims Losses After Bullard Remarks Posted: 24 Feb 2011 08:09 AM PST Forex Pros – The pound trimmed losses against the U.S. dollar on Thursday, clawing back up from a five-day low after St. Louis Federal Reserve President James Bullard said the U.S. central bank could stretch its quantitative easing program into a third round. GBP/USD clawed back up from 1.6085, the pair's lowest since February 17; to hit 1.6119 during European late afternoon trade, shedding 0.56%. Cable was likely to find support at 1.5986, the low of February 16 and resistance at 1.6274, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| National Bank Of Moldova Holds Rate At 8.00% Posted: 24 Feb 2011 08:03 AM PST The National Bank of Moldova maintained its base rate unchanged at 8.00%, while also holding the rate on overnight loans at 11.00%, and the overnight deposit rate at 5.00%. The Bank also maintained the required reserve ratio on local and foreign currency deposits at 11%. Moldova saw inflation of 6.7% in January 2011, down from 8.1% in December. The Bank expects inflation to pick up temporarily in the second half of the year due to rising international food and fuel … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| AUD/JPY To Test Channel Support Near 81.60 Posted: 24 Feb 2011 08:02 AM PST AUD/JPY - The AUD/JPY is in a sharp retracement against the rally that started at the end of January.
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| National Bank Of Rwanda Holds Rate At 6.00% Posted: 24 Feb 2011 07:56 AM PST The National Bank of Rwanda maintained its key repo rate unchanged at 6.00% in order to support its growth objective of 7% or more in 2011. Rwanda recorded real GDP growth of 7.4% in 2010; while the Bank estimated December 2010 inflation as 0.2% year on year, compared to 5.7% in 2009. The National Institute of Statistics of Rwanda reported inflation of 1.09% in January, up from 0.23% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: GBPUSD Moves Lower After Topside Fails. 1.6080 Is Next Target Posted: 24 Feb 2011 07:49 AM PST The GBPUSD is moving lower as a topside break failed. In the earlier comment (CLICK HERE), the price moved above the 1.6200 level where the 100 hour MA was found. Additional resistance was at the 1.6206 and 1.6214 level where highs were contained (see hourly chart).
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| Forex – EUR/USD Advances To 16-day High As Oil Prices Rise Posted: 24 Feb 2011 07:39 AM PST Forex Pros – The euro advanced to a 16-day high against the U.S. dollar on Thursday, as crude oil was pressured higher amid concerns that violence in Libya could spill over to other major oil producing nations, including Saudi Arabia. EUR/USD hit 1.382 during late European trade, the pair's highest since February 3; the pair subsequently consolidated at 1.3799, climbing 0.37%. The pair was likely to find support at 1.3646, Wednesday's low and short-term resistance at 1.386, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Tests Upside Target On ECB Weber Comments Posted: 24 Feb 2011 07:28 AM PST The EURUSD has resistance at the 1.3811 level. A move above this level will likely lead to further buying. So far, the move higher has seen profit takers come in against the level. Risk is defined. Risk is … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Opening Bell Market Monitor: GM, KSS, TGT Posted: 24 Feb 2011 07:28 AM PST 02/24/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR/USD’s Bullish Targets: 1.3860, 1.3980 And 1.4280 Posted: 24 Feb 2011 07:21 AM PST Previous: Forex Notes (2/23) - The bullish scenario mentioned in yesterday's Forex notes was the exact path the market took. After breaking above 1.3720, the market was in a throwback from 1.3780 back to 1.37. The 1.37 support indeed held, and the market is now back up to the 1.38 level.
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| Posted: 24 Feb 2011 06:32 AM PST The morning news notes as prepared by TL…banks and mortgages, Libya, crude oil and the economy, Saudi Arabia, and Gallup Poll on Republican presidential hopefuls. “Morning News Notes: February 24, 2011″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Sunrise Resources Secures Exploration Licence For Cue Diamond Project Posted: 24 Feb 2011 03:25 AM PST AIM quoted mineral exploration company Sunrise Resources (LON:SRES) has been granted an exploration licence for the Cue Diamond Project in Western Australia. The exploration licence application covers an area of approximately 70 sq km and lies 70km to the north-west of the town of Cue in the Murchison Mineral Field in the Yilgarn Craton. Sunrise is now set to initiate Aboriginal heritage surveys and further drilling is being planned for the second quarter of the year, subject to the successful … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Britvic Margins Expected To Be Hit By Surging Costs Of Raw Materials Posted: 24 Feb 2011 01:32 AM PST Britvic (LON:BVIC), the FTSE 250 soft drinks giant, warned today that a rapid and unprecedented rise in the cost of key raw materials during the first half of the year meant it was unlikely to see any improved operating profit margins in 2011. The Robinsons-to-Pepsi group said it had been caught out by the sudden price rises but that overall operating profits would still be materially ahead of last year. Britvic said that trading in the second quarter had been strong across each of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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