Author: InvestAdvocate

PS Mandrides grows Profit by 153.1% in 2011 unaudited result

By Ify Onye InvestAdvocate Lagos (INVESTADVOCATE)-PS Mandrides Plc operating in the Food/Beverages & Tobacco Sector of the Nigerian Stock Exchange (NSE) has grown its Profit After Tax (PAT) by 153.1 percent (153.1%) in its Unaudited Results 12 Months ended September 2011. This was contained in the Result Announcement of the […]

Banks take 489 billion euros in 3-year ECB loans

Banks took a huge 489 billion euros at the European Central Bank’s first ever offering of three-year funding on Wednesday, raising hope a credit crunch can be avoided and that the money may be used to buy Italian and Spanish bonds. A total of 523 banks borrowed money at the […]

World economy at a ‘very dangerous juncture’: IMF chief

IMF chief Christine Lagarde warned Tuesday that the world economy is at a “very dangerous juncture,” speaking of the potential impact on poorer nations during her first visit to Africa as head of the fund. The International Monetary Fund managing director spoke of a crisis of confidence with high unemployment […]