News letter

Nokia
·         Nokia is running restructuring plan which has already taken out 1,000 people out of payroll
·         One of the objectives is to bring more productivity and efficiency
·         Nokia have moved from their geographical footprint to the high-margin markets of the world, where their operatives are able to monetize data revenues.
Multi-district Litigation 2179
·         It is the biggest ever civil damage trial
·         Macondo accident killed 11 men and spewed more than 4m barrels of oil into the Gulf of Mexico
·         BP, the main defendant, has set aside $37bn to cover the cost of leak
·         That material difference does not look to be discounted in the BP share price

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