Archive for November, 2004

Punters hoping for 5000 on the FTSE, and an even lower dollar

November 29, 2004guidfarr No Comments »

Tweet Spread betting traders are no longer trying to pick a top to the stock market, and instead have positioned themselves for a pre-Christmas run in the FTSE and the Dow Jones. Bookmakers said punters appeared to be talking of the FTSE rallying all the way to 5020 during December, building on the gain of […]

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Traders persevere with trying to pick the Footsie and Dow

November 16, 2004guidfarr No Comments »

Tweet Spread betting traders are no longer trying to pick a top to the stock market, and instead have positioned themselves for a pre-Christmas run in the FTSE and the Dow Jones. Bookmakers said punters appeared to be talking of the FTSE rallying all the way to 5020 during December, building on the gain of […]

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Traders put best Footsie forward – The week’s biggest bets

November 15, 2004guidfarr No Comments »

Tweet Each week, our spread betting round-up reveals the biggest bets being made by punters on shares, indices, currencies and commodities. SPREAD-betters have returned to the markets with gusto. And about time too! The majority of traders scaled back their activity during the summer months maintaining a cautious stance ever since. But following the US […]

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Cantor to appeal FSA fine for misconduct

November 13, 2004guidfarr No Comments »

Tweet The Financial Services Authority (FSA) has fined Cantor Index Limited 70,000 for running a misleading campaign promoting spread betting. The company’s senior management failed to ensure there were adequate systems and controls in place to ensure that its financial promotions were systematically monitored. This failure resulted in the misleading advertising campaign entitled ‘Free Xda’ […]

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Mike’s Cash Up In Smoke

November 11, 2004guidfarr No Comments »

Tweet The Streets star Mike Skinner has admitted blowing his fortune on gambling. The rapper has splurged tens of thousands during boozy betting sessions – and has even been forced to remortgage his house to make ends meet. The Streets’ Mike Skinner has confessed to wasting so much money on gambling he even had to […]

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City man ‘in £2m insider betting plot’

November 8, 2004guidfarr No Comments »

Tweet A CITY worker placed millions of pounds of spread bets using insider knowledge from his job at a major investment bank, a court was told today. Asif Butt, 34, was a compliance officer with Credit Suisse First Boston, handling highly sensitive commercial information which he then passed on to four friends who made the […]

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British Betting on US Election Soars

November 1, 2004guidfarr No Comments »

Tweet In what’s been described as the most exciting contest in years, British bookmakers expect to see more than $9 million bet on the American election by the time it’s all over on Tuesday. Taking wagers over the phone, over the Internet and in person at thousands of legal betting shops across the country, long-established […]

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Rate rises may have ended . . . but don’t bet on it

November 1, 2004guidfarr No Comments »

Tweet Anyone who bet on the Bank of England base rate reaching five per cent or above by Christmas looks to have lost their money. And the doom-mongers’ bubble looks to have burst with a hugely satisfying pop. The rise in house prices was unsustainable and was going to result in tears, they said. Interest […]

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