A year ago last month, Norfolk Southern’s (NSC) CEO, Wick Moorman was facing a proposed merger of one of its principal rivals, CSX, with Canadian Pacific (CP). At that stage, Mr Moorman was quoted as saying that a large railroad merger would be “highly problematic” and would face “far too many regulatory hurdles”. Â While conceding […]
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What’s the next big thing for Apple should the stalling growth in Chinese demand for the iPhone mark the peak in this product’s life cycle? Improvements to the Mac may be invigorating that product line, but its contribution remains relatively modest to the overall group, while the weak health of the global laptop market does […]
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Pepsi’s reported organic revenue growth has been edging ahead all year and for Q3 it was up at +7.4%. For the purveyors of the black teeth rot, this was impressive, particularly since underlying sales volumes were up by only +1% globally. A quick look at the details however provided the answer with ‘organic’ revenues up […]
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UK supermarkets are a bit like the beer they used to sell; bland and too many of them. Tesco however is working on that one as it culls its less profitable sites and brands (including the #4 UK brand, Carlsberg) to restore its growth and margin metrics, even it means from a lower base of […]
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Guidance slashed and CEO dumped. Shares bounce however on appointment of break-up artist and more layoffs. Up until today (6 Oct 2015) the narrative of a weakening underlying performance from macro and fx headwinds (particularly around Brazil and Agriculture) was trumping the speculative aspirations of activist shareholders such as Peltz and an EPS guidance […]
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Perhaps the successful Mail Online should stick to celebrity gossip as its foray into serious issues seems prone to schlock. While lacking the pithy wit of a News of the World headline, the Mail Online’s recent article on China’s alleged mistreatment of Falun Gong certainly pulled few punches with its title: “Thousands of religious prisoners […]
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LoL – Yellen chickens out of hike interest rate as expected. Indeed, one FOMC member appears to be expecting negative rates. Just confirms that the Fed has no idea how to get the patient off the hopium. This party is going to have to carry on until we finally get a currency collapse. With […]
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Well that’s okay, according to a recent survey by Bloomberg, most economists don’t think the next recession will be until 2018. As most of these are employed by banks with a vested interest to pump shares, this is most convenient, at least on two fronts. Firstly, the very low risk of an early recession is […]
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