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Capitulation on oil price expectations may be needed before recovery
The vote on the 27 January by Royal Dutch Shareholders on whether to approve the merger with BG that is proposed by its management may have repercussions that extend well beyond the future of this proposed deal. At anywhere near the current oil price, the deal makes no commercial sense as even Shell’s own assessment […]
Continue readingTesco moves to stage 2 of its ‘recovery’
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 […]
Continue readingWelcome to the UK recovery!
Still faced with a structural deleveraging in personal and public debt, the policy response by those who ought to know better remains the same – juice the system and hope growth miraculously appears. That’s right, the same strategy as adopted for Greece, Portugal, Spain, France etc, etc, & etc. After the >+10% MoM rise in […]
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