Archive for October, 2005

Punters go short of Dow on rally, and long of dollar

October 31, 2005guidfarr No Comments »

Tweet Spread betting traders have been trying to oppose today’s strong up-move in the major stock markets, with the Dow a particular focus for the bears. This stance by punters appears to reflect a view that today’s surge of nearly 100 points in the FTSE is mainly due to merger and acquisition activity and therefore […]

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HG Capital bets on Sporting Index

October 18, 2005guidfarr No Comments »

Tweet Private equity house HG Capital has snapped up spread betting group Sporting Index from Duke Street Capital for £75.8m. Existing management will continue to run the company, set up in 1992, with Richard Glynn staying on as chief executive. Sporting Index, which is also the only sports spread betting company to offer continuous 24 […]

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Traders short of the pound, long of FTSE

October 11, 2005guidfarr No Comments »

Tweet Spread betting punters are boldly approaching the late October “crash season” looking for a rebound the Dow and the FTSE, and they seem even more confident that the pound has further to fall. Bookmakers say that trading volumes have picked up sharply in recent weeks, on the back of the setback in the stock […]

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IG Index punter wins £29,300 as Dow Jones takes a dip

October 5, 2005guidfarr No Comments »

Tweet A punter at IG Index took the spread betting firm for £29,300 after a huge long-shot bet on the US Dow Jones index paid off within seven minutes of the close of trading on Tuesday, it emerged yesterday. The punter, one of the firm’s regulars, bet that the index would fall to 10440 at […]

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Police inquiry into suspicious bets at City Index

October 4, 2005guidfarr No Comments »

Tweet City of London police are conducting a money laundering investigation into two traders who took out suspicious bets with City Index, the financial spread betting firm owned by the millionaire money broking chief and Conservative party donor Michael Spencer. City Index had alerted police to the suspect trades but then failed to stop the […]

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Not much charisma but nearing the winning post

October 4, 2005guidfarr No Comments »

Tweet It is the sort of thing that will have environmentalists emitting steam. Spread betting company IG has opened markets on the price of carbon dioxide, the greenhouse gas that will cause the polar ice-caps to melt by the end of century if scientists are to be believed. The EU Emissions Trading Scheme directive gave […]

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