Yesterday, top investor and regular Master Investor contributor Jim Mellon spoke to a group of high profile German investors at a private conference. No media were invited to the event, but Master Investor was able to film his speech and make it available to the wider public. Swen Lorenz has spoken to TipTV today and highlighted a few key clips for you to check out. Jim was there to discuss macroeconomic trends around Europe and the future of the European common market and currency. He described the introduction of the Euro as a "disastrous economic experiment" and argued the currency only has 1-5 years left in its current form. Later on, he discussed his current investment strategy including going long on the pound, gold, silver and the Nikkei, whilst shorting a basket of currencies and bonds. In the coming days, we will have Jim's slides available to download and read... Click HERE to watch the full video The Master Investor Market Report - The FTSE 100 closed the day at 7,016.92, a decrease of 5.00 points.
- The FTSE 250 fell 113.59 points to finish at 17,926.94.
- The FTSE All Share dropped 6.06 points to finish at 3,809.17.
- The FTSE AIM All Share ended the day at 826.60.
Technology components manufacturer Senior (SNR) saw its shares plunge 13.37% to 176.90p today after it reported that underlying revenues for the first nine months of the year were down by 4% on a constant currency basis and adjusted pre-tax profits dropped by 18% to £58.5 million. Management expect trading to improve somewhat during the fourth quarter but believe that full year results will be below those for 2015. |
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