Archive for May, 2005

Bets are on a soft landing for houses

May 28, 2005guidfarr No Comments »

Tweet If spread betters are any guide, UK house prices are set for a softer landing than many predict. Since the country’s only spread betting firm to offer trades on house price movements reopened its books to new business in April, punters’ expectations of near double-digit falls have waned. IG Index had priced a year-on-year […]

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Oil still the spread-bet favourite

May 19, 2005guidfarr No Comments »

Tweet EACH week our spread-betting round-up reveals the biggest bets being made by punters on shares, indices, currencies and commodities. OIL continues to draw high betting volumes. Instinctive traders are still buying oil, while technical betters sell. Great news for the spread-betting companies as the netted trades mean they have little exposure to a big […]

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The Plumber sticks in a big bill

May 17, 2005guidfarr No Comments »

Tweet Paul Davidson, the bankrupt businessman known as “The Plumber”, yesterday called on a City tribunal to grant him “tens of millions” of pounds of compensation for damages allegedly inflicted by the Financial Services Authority. The Financial Services and Markets Tribunal, convened to set out a timetable for his appeal against a £750,000 fine for […]

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Traders bearish on Dow, FTSE and Lastminute.com

May 16, 2005guidfarr No Comments »

Tweet Spread betting punters are starting this week with short positions in the main stock market indices, as rumours fly around about hedge fund problems and Iran’s nuclear ambitions. The markets have not however been ideal for traders recently – many were caught out by sterling’s further fall against the dollar this morning, or by […]

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Spread betting punters hit by Tory gains

May 6, 2005guidfarr No Comments »

Tweet The unexpected Tory gains hit the wallets of spread betting punters after several big wagers were placed on a strong Labour performance in the days leading up to the election. With the spread on the Labour majority moving as high as 86-90 seats on Tuesday, IG Index took its biggest bet of the campaign […]

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Punters caught out by plunge in Marconi, but are bullish on FTSE

May 4, 2005guidfarr No Comments »

Tweet Spread betting traders have been hard hit by last week’s near-halving of Marconi’s share price in response to bad news on the company’s attempt to win a key contract from BT. Bookmakers said that some punters were long of the stock ahead of the announcement on Thursday morning, while others were quick to jump […]

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Bookies expect bets record and 78-seat Labour victory

May 4, 2005guidfarr No Comments »

Tweet The betting markets are gambling that Labour will be returned with a 78-seat majority in the general election this week, less than half the 166 it achieved last time. The total has dropped slightly in the past seven days, following the controversy over Iraq. The betting markets are likely to be followed closely as […]

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Traders bet on property falls

May 2, 2005guidfarr No Comments »

Tweet CITY gamblers are betting on a fall of between 3% and 4% in house prices over the next year, both in the capital and in the country as a whole, as the great millennium property boom comes to an end. However, punters are not nearly as pessimistic on the outlook as they were last […]

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Fraudster poses as top stock market tipster to steal punters’ thousands

May 2, 2005guidfarr No Comments »

Tweet A BLIND conman posed as a stocks and shares expert to dupe victims out of more than £100,000. Clifford Gardiner, 45, claimed he would make punters big profits by investing their stakes on the Financial Times Share Index. Hopefuls from across Britain punted thousands on his ‘tips’. But the internet conman only ever invested […]

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