Archive for September, 2004

Crown Court Judge has recently ruled that spread betting was not “gambling” within the meaning of the Insolvency Act 1986

September 22, 2004guidfarr No Comments »

Tweet A Crown Court Judge has recently ruled that spread betting was not “gambling” within the meaning of the Insolvency Act 1986. A defendant appeared before Bolton Crown Court in relation to an alleged offence that he had materially contributed to or increased the extent of his insolvency by gambling within the meaning of Section […]

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High-risk spread betting on house prices

September 18, 2004guidfarr No Comments »

Tweet Joe Morgan and Alex Hawkes report on the betting craze that is spreading from the City’s dealing rooms to suburban homes SPREAD-BETTING used to be largely the preserve of thrillseeking City traders, taking punts on anything from the ups and downs in the FTSE 100 index of leading shares to fluctuations in oil prices, […]

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FSA plans rules to control spread bets

September 18, 2004guidfarr No Comments »

Tweet New rules to prevent insider dealing by directors using spread bets, or contracts for differences, are to be introduced by the Financial Services Authority. The rules, which come into force on December 1, will bring such “synthetic investments” under the same code as that governing directors buying and selling shares in their own companies. […]

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Punters go long of pound again, but stay bearish on Dow

September 8, 2004guidfarr No Comments »

Tweet Spread betting traders are moving long of the pound against the dollar once again, following last week’s deeply disappointing non-farm payroll figures. Financial Spreads said quite a few people had made money out of the dollar’s recovery in the early part of last week, but were now positioning themselves for another run upwards by […]

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Oil investors spread their bets

September 8, 2004guidfarr No Comments »

Tweet Oil prices may have eased back from their recent highs, but they are still up by more than 30% since the beginning of the year. And with global production still barely keeping pace with soaring demand, analysts say there is every chance that prices could take off again. For industrialised oil-consuming countries, sudden price […]

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The Plumber gets new appeal hearing<

September 5, 2004guidfarr No Comments »

Tweet AN independent tribunal is to review the record £750,000 fine by the Financial Services Authority on controversial entrepreneur Paul ‘The Plumber’ Davidson. The new hearing, on September 20, has been arranged after the decision of an earlier panel to step down after it emerged that the head of the tribunal, Terence Mowschenson QC, had […]

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