Archive for July, 2004

Spreadbet boss wins Plumber wager

July 18, 2004guidfarr No Comments »

Tweet THE shares at the centre of a controversial wager that sparked a major investigation now belong to the owner of the spread-betting firm that first accepted it. Intercapital Private Group, owner of betting firm City Index, now holds 16.52% of biotech company Cyprotex, which it bought at 1p a share. The shares closed on […]

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‘CFDs appear to cost the Exchequer £2bn a year’

July 18, 2004guidfarr No Comments »

Tweet PAUL MYNERS and Philip Green did not agree on much about Marks & Spencer this week. They were united, however, in their frustration over contracts for difference (CFDs). Both sides’ efforts to fight a responsible, rules-based battle for the future of one of Britain’s top companies were undermined by this insidious and ever-so-smart financial […]

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Spread bets challenge the theory

July 17, 2004guidfarr No Comments »

Tweet ACCORDING to the finest theoretical minds in finance, you cannot time the market. That is to say, you cannot pick the time to get in or out of a stock so that you make more money than if you had just bought or sold at random. The theory seems to fly in the face […]

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Launch of new service – miniCFDs by Finspreads

July 15, 2004guidfarr No Comments »

Tweet The London-based financial spread betting company, has launched miniCFDs (www.miniCFDs.com) This new online product makes Contracts for Differences (CFDs) accessible to many more investors, with a low minimum deposit of GBP100 or EUR100, no minimum commission, and trade size as low as one CFD. There is no UK stamp duty (normally 0.5% on share […]

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