Archive for April, 2006

City’s richest man to sell third of his firm in £800m listing

April 30, 2006guidfarr No Comments »

Tweet Peter Cruddas, the son of a meat-market porter who founded the online trading firm CMC Markets, is to cement his reputation as the City’s richest man by unveiling plans for a stock-market flotation that will value his company at more than £800m. Cruddas, who founded CMC in 1989 with a £10,000 investment and is […]

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City Index mulling fresh offer for spread-betting rival IFX

April 27, 2006guidfarr No Comments »

Tweet City Index, the spread-betting group owned by Michael Spencer, is considering a takeover offer for its rival IFX after seeing a bid rejected last month. IFX shares have gained strongly recently, prompting authorities to request that City Index make its intentions known. City Index said yesterday it had made an approach to IFX on […]

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Online Betting Group Drives Spread Betting into E.Europe

April 26, 2006guidfarr No Comments »

Tweet Two new European operations have been launched by WorldSpreads Group. The recent establishment of businesses in Greece and Hungary is part of a medium term strategy to introduce financial spread betting to a wider audience of market investors, with particular focus on the emerging markets of ‘New Europe’. Conor Foley, Chief Executive of the […]

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