 Investments |
| Search News |
|
|
| Find an IFA |
|
|
| Browse |
|
| UK Spotlight |
In a move which will give the opposition parties food for thought it has been announced that HM Revenue and Customs are set to close 93 offices across the UK with a loss of 3400 jobs at a time when...
→
Read More
|
|
| Disclaimer |
| Financialadvice.co.uk adheres to the Financial
Services and Markets Act 2000. This site contains only factual and
readily available public information. |
|
|
| |
|
|
|
|
Wednesday 18th June 2008
While all around them companies are under serious pressure it seems that major US financial institution Goldman Sachs can do no wrong. The group has just reported profits which far exceeded the downbeat forecasts of analysts and the stock has responded with a near 10% rise over the last week, much of it in anticipation of good results. So how is Goldman Sachs swimming against the tide?
Unlike many of their counterparts, it seems as though Goldman Sachs has been able to retain a steady flow of finance at prices which make it viable to investment in a number of distressed ventures. By using their financial skills to steady many of these investment funds, they have been able to take substantial stakes at rock bottom prices. However, it would be foolish to suggest that everything which Goldman Sachs touches turns to gold, as this will not be the case.
The results announced by the company were well in advance of even the most recent forecasts, but it seems as though Goldman Sachs is one of the very few financial companies which has actually benefitted in any shape or form. Whether the group can carry on this trend into the next set of results remains to be seen. |
→ Full Investments News Archive
→ Return to Homepage
|
|
|
|
| Other top stories in this section:
|
|
|
|
