Archive for January, 2005

IG Index bets on return to stock market

January 31, 2005guidfarr No Comments »

Tweet SPREAD-BETTING group IG Index is in talks with advisers about a possible return to the stock market less than two years after it was taken private in a £143m buyout. The firm’s owner, CVC Capital Partners, a leading buyout house, has begun contacting investment banks to invite them to pitch for a mandate to […]

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Former CSFB Officer Gets Five-Year Sentence for Insider Trading

January 28, 2005guidfarr No Comments »

Tweet A former compliance officer at Credit Suisse First Boston was sentenced today at a London court to five years in prison for insider trading. Asif Butt was convicted in December for conspiracy to insider deal for passing confidential information about the securities firm’s clients to four non-CSFB employees, who placed so-called spread bets on […]

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Binaries gaining popularity

January 28, 2005guidfarr No Comments »

Tweet What chance is there that the FTSE 100 will close higher on Monday? If you reckon you know the answer and would be prepared to back it, binary betting may be for you. By focusing on a specific event the chance of the FTSE rising, oil breaching $50 a barrel or the pound reaching […]

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£9m theft ‘mad’ accountant jailed

January 26, 2005guidfarr No Comments »

Tweet A gambling-mad accountant, who stole more than £9million from his bosses to fund a life of luxury and feed his rampant addiction, has been jailed for five years. In a “sophisticated” series of thefts, Wing Kit Chu, 32, spent more than four years “simply slipping” the money out from under the noses of chiefs […]

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IG Index taking a dim view of the Tories’ winning.

January 19, 2005guidfarr No Comments »

Tweet IG Index, the spread-betting firm founded by card-playing acquaintance of Lord Lucan Stuart Wheeler, is taking a dim view of the Tories’ chances of winning the next election, despite its close links with the party. Wheeler pledged £5m of his fortune to the Tories, the result of floating IG on the stock market, to […]

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