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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Severn Trent PLC (STRNY: OTCQX International Premier) | Home Country News Release – Rule 2.10 Announcement

Category : Stocks

Severn Trent PLC has filed a Home Country News Release – Rule 2.10 Announcement To view the full release click here (link to PDF).

More: Severn Trent PLC (STRNY: OTCQX International Premier) | Home Country News Release – Rule 2.10 Announcement

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Zurich Insurance Group Ltd. (ZURVY: OTCQX International Premier) | Home Country News Release – Zurich delivers strong results for the first quarter 2013

Category : Stocks, World News

Zurich Insurance Group Ltd. has filed a Home Country News Release – Zurich delivers strong results for the first quarter 2013 To view the full release click here (link to PDF).

Go here to see the original: Zurich Insurance Group Ltd. (ZURVY: OTCQX International Premier) | Home Country News Release – Zurich delivers strong results for the first quarter 2013

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NetDimensions (Holdings) Limited (NETDY: OTCQX International) | Home Country News Release – Director Shareholding and Total Voting Rights

Category : World News

NetDimensions (Holdings) Limited has filed a Home Country News Release – Director Shareholding and Total Voting Rights To view the full release click here (link to PDF).

Read more: NetDimensions (Holdings) Limited (NETDY: OTCQX International) | Home Country News Release – Director Shareholding and Total Voting Rights

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Cardia Bioplastics, Ltd. (CDRBY: OTCQX International) | Home Country News Release – Director Resignation

Category : Stocks

Cardia Bioplastics, Ltd. has filed a Home Country News Release – Director Resignation To view the full release click here (link to PDF).

See the rest here: Cardia Bioplastics, Ltd. (CDRBY: OTCQX International) | Home Country News Release – Director Resignation

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Carbon Energy Ltd. (CNXAY: OTCQX International) | Home Country News Release – ASX Conference Presentation

Category : World News

Carbon Energy Ltd. has filed a Home Country News Release – ASX Conference Presentation To view the full release click here (link to PDF).

Read more: Carbon Energy Ltd. (CNXAY: OTCQX International) | Home Country News Release – ASX Conference Presentation

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Ocado shares lose 8% on worries about Waitrose contract

Category : Business

Waitrose lawyers looking at deal details after Ocado looking at tie-up with Morrisons

Ocado has dropped 8% on concerns about the effect of its proposed tie-up with Morrisons on its existing deal with Waitrose.

As the Guardian reported on Friday, lawyers for Waitrose are poring over its deal with Ocado to see if any move by the online grocer to help Morrisons set up a website would constitute breach of contract.

The news followed a protest vote by shareholders at Ocado’s annual meeting on Friday over board pay packages, including a 30% salary rise for chief executive Tim Steiner.

Ocado’s shares – which have been up sharply in recent days in antipation of the Morrisons deal – are currently down 18.2p at 206.4p. Analyst Clive Black at Shore Capital repeated his sell recommendation, saying:

The business seems to be evolving from an aspiration to be a proprietary retailer into a landlord of its two customer fulfilment centres and licensee of its kit to third parties. Whilst a notable potential change in strategy, it could be argued that it signals an admission of defeat by Ocado; so the introduction of Plan B.

We believe that Ocado is playing with fire in speaking to another British supermarket group, as it tries to utilise its substantially greater fulfilment capacity, because the group’s umbilical cord to Waitrose may be cut sooner than we anticipated and Ocado cannot exist as a commercial entity without Waitrose in our view.

Whilst Ocado states that any agreement with Morrison’s would not be a conflict with Waitrose, we see the mood of [Waitrose chief executive Mark Price] as being deadly serious. As such, Ocado may have irreparably polluted a commercial relationship upon which it is dependent and it must lead to a greater chance of a break in 2017 in our view. Additionally, Waitrose’s understandably forthright stance means that the prospect of Morrison and Waitrose brands simultaneously utilising Ocado’s fulfilment centres and vans is low. As such, the extent of a tie-up between Morrison and Ocado needs to be pencilled down, along with it the financial extent.

The strong appreciation of Ocado’s shares makes the stock more attractive for investors to bank gains and effectively short to our minds. Aside from now uber-stratospheric valuation multiples, the stock does not offer the prospect of a dividend anytime soon either, unlike all of its UK listed food retailers. Whilst we pride ourselves on taking reasonably long-term and strategic views of companies and industries, the time horizon for Ocado to be meaningfully profitable so that it pays a dividend to its shareholders is very extended; in fact it probably remains decades away, if ever. Now, many investors commendably operate on multi-decade timescales, but again, we believe that this is not applicable in Ocado’s case because it is selling multi-temperature foodstuffs where margin expansion potential is structurally low.

Danone (DANOY: OTCQX International Premier) | Home Country News Release – Danone : Danone acquires Happy Family, one of the fastest-growing premium organic baby food companies in the US

Category : Stocks, World News

Danone has filed a Home Country News Release – Danone : Danone acquires Happy Family, one of the fastest-growing premium organic baby food companies in the US To view the full release click here (link to PDF).

See the article here: Danone (DANOY: OTCQX International Premier) | Home Country News Release – Danone : Danone acquires Happy Family, one of the fastest-growing premium organic baby food companies in the US

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Austin Exploration Ltd. (AUNXY: OTCQX International) | Home Country News Release – SPP CLoses and Company Update

Category : Stocks

Austin Exploration Ltd. has filed a Home Country News Release – SPP CLoses and Company Update To view the full release click here (link to PDF).

Read the original post: Austin Exploration Ltd. (AUNXY: OTCQX International) | Home Country News Release – SPP CLoses and Company Update

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Turkiye Garanti Bankasi A.S. (TKGBY: OTCQX International Premier) | Home Country News Release – Announcement regarding the Offering Circular

Category : World News

Turkiye Garanti Bankasi A.S. has filed a Home Country News Release – Announcement regarding the Offering Circular To view the full release click here (link to PDF).

Read this article: Turkiye Garanti Bankasi A.S. (TKGBY: OTCQX International Premier) | Home Country News Release – Announcement regarding the Offering Circular

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Starpharma Holdings Ltd. (SPHRY: OTCQX International) | Home Country News Release – Starpharma’s dendrimer a potential viral conjunctivitis treatment

Category : World News

Starpharma Holdings Ltd. has filed a Home Country News Release – Starpharma’s dendrimer a potential viral conjunctivitis treatment To view the full release click here (link to PDF).

Original post: Starpharma Holdings Ltd. (SPHRY: OTCQX International) | Home Country News Release – Starpharma’s dendrimer a potential viral conjunctivitis treatment

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