On line international is a completely different beast to stores overseas - much cheaper and easier to set up - I guess that they use a logistics partner to process and dispatch orders - main market would probably be British expats - nice little earner trading on the M&S brand.
it will certainly be an interesting watch this year to see what action is taken - nations will be expected to give ground and make cuts.
Canada - tar oil, - Australia - coal, US - shale oil and gas, China - pollution levels, Brazil - deforestation, Germany - coal use - the list goes on.
Personally, I think that we are all in for a massive shock on Monday and the need to act will be compelling.
Thankfully, the North Sea Oil Industry is, with a push, well placed not just to do its bit, but to actually profit to a considerable extent from the situation because carbon capture will be on the agenda and there will be plenty of big corporations and governments willing to pay to remove carbon and pump it into spent oil wells.
It will be brace, brace, brace on Monday when the UN Climate Change Report is published - an update on the last one that was published in 2013 - that could go a long way to deciding the long term global future of the oil industry and give much more clarity of where we are heading.
The challenge to North Sea Oil companies is to back up their environmental commitments with action and also make a positive contribution to combatting climate change. If they can do that, then they will thrive while other players around the world are forced to cease production.
An interesting development here - the main man is standing down and handing the reins to his 31 year old future son in law. I guess that makes the daughter the king maker? - not sure what will happen if she dumps her intended before the big day?
RE: Rocky overall market conditions05 Aug 2021 08:26
Unfortunately, I don't see any improvement in the short term, it could even get worst, but absolutely no reason to sell because the lack lustre performance is largely sentiment related and covers the whole of the equity market.
Actual market conditions are I think far better than the equity market is showing and eventually we will get a rapid turn in sentiment.
In the mean time sit back and count your losses, or a much better option, go on holiday.
"The first half of 2021 also saw rapid growth in the value of our portfolio company Itaconix, reflecting good commercial progress for their expanding product set of functional ingredients that offer unique functionality, sustainability, and cost advantages in applications such as laundry detergents, auto dish wash pods, odour management products and hair styling. The company completed a placing to raise £1.1m at 12.1p per share in June 2021, with IP Group investing £250k."
Also IPO recorded a £3.9m paper gain in the value of their investment and five of their directors are individual shareholders in ITX.
The Chinese had a working vaccine in peoples arms before we did - looking at news reports from China, they are at the stage where they are now moving on to vaccinate children, just like we are in the UK - the Chinese are not stupid, they know what they have to do to stop another major outbreak and as Jan confirms, their vaccine DOES work against the Delta Variant.
So this scare over reduced oil demand from the Chinese as a result of Covid is just a falsehood.
The Chinese vaccine may be less effective in stopping people getting the Delta variant but the most significant thing is that it does stop serious symptoms developing - so it seems that it is just as effective as the Western Vaccines from that point of view.
Also China have vaccinated a higher percentage of it population than the US so its unlikely that we will see an outbreak that has severe economic consequences, Oil demand is therefore unlikely to be affected.
If there was a Covid outbreak in China, it would depend on what part of the country was affected.
It could do damage to the economy if it was in the high tech industrial south but elsewhere it would be more of a local issue.
At the moment, most of the southern cities are unaffected and nationally cases are very low. Also its far more likely that the population in the affluent southern industrial cities have been vaccinated, so assuming the Chinese vaccine is effective against the Delta Variant then the effects of even a widespread outbreak would be minimal.
Turning M&S around is achievable and its happening - adding the burden of turning Sainsbury's around would be far more than one step too far - Sainsbury's has failure imbedded in its DNA now, from top to bottom of the business.
e121 Yes, that could certainly happen but do we actually want it to happen?
A spike could actually do real damage to the market, increase inflation, and ultimately lead to a drop in demand that could create a nasty dip. It would also make the oil industry even more unpopular than it is now - that could give more problems.
It would be much better, if we saw an extended period with oil around the level it is now for the benefit of all.
Carrington Yes, I agree but what I am saying is that I think they run long and short positions at the same time and just alter the balance between the two positions depending on what way they think the SP is heading - the fact that they are reducing the short at the moment would indicate that they think the SP will rise.
The actual facts are here - the Government has no plans to shut down the industry but it does expect the industry to clean up its act - all that the Government has asked the industry to do is totally achievable.