Archive for March, 2005

IG Group to float on LSE

March 31, 2005guidfarr No Comments »

Tweet British spread-betting company IG Group has said it is planning to float its shares on the London stock market. The move comes less than two years after IG left the London market following a £143m management buyout backed by private equity firm CVC. IG did not say how much it was hoping to raise […]

Read More »

Punters looking for rally in Dow, and rebound in gold

March 24, 2005guidfarr No Comments »

Tweet Many spread betting traders have been caught on the wrong side of recent sharp moves such as last night’s plunge in the Dow and the run-up in Nymex oil to the $57 area. Some have read the markets right however – one bookmaker reported a couple of very large sellers of the Dow yesterday […]

Read More »

City Index fined GBP35,000

March 24, 2005guidfarr No Comments »

Tweet City Index, one of the country’s largest spread betting firms, has been fined £35,000 for producing ‘misleading’ adverts. The Financial Services Authority criticised the company for a promotional campaign for spread betting and contracts for differences (CFDs) between September and November 2003. The City watchdog said the strategy had the potential to attract customers […]

Read More »

Spread Betting continues to soar

March 17, 2005guidfarr No Comments »

Tweet Spread betting’s popularity continues to soar despite an ongoing probe by the FSA, with many spread betting firms confident that demand for their services will remain high. The industry’s optimism has been boosted by the launch of two new financial spread betting services in the UK, allowing punters more choice to bet on movements […]

Read More »

Traders Go Short of the DOW and Tech Stocks, Long of Banks

March 9, 2005guidfarr No Comments »

Tweet Spread betting punters have moved decisively short of the Dow and the Nasdaq, on the view that the recent jump in those indices has left them ripe for a setback. Bookmakers said however that traders were balanced on the FTSE100 index, with as many bulls as bears. Finspreads said that its clients were long […]

Read More »

New options for armchair punters

March 5, 2005guidfarr No Comments »

Tweet Financial spread betting companies are taking a confident gamble that demand for their services will remain in good form, despite in spite of an ongoing probe by UK regulatory authorities. The industry’s optimism has been bolstered in recent weeks by the launch of two new financial spread betting services in the UK, allowing punters […]

Read More »

Spread betting is spreading fast

March 2, 2005guidfarr No Comments »

Tweet Jenne Mannion looks at why gambling on price movements is rapidly gaining in popularity. Financial spread betting has come of age. About 100,000 Britons are thought to have active spread betting accounts and the number is growing by about 33 per cent a year. They bet on financial data such as commodity prices, index […]

Read More »