Archive for July, 2006

RBS set to make fortunes for shareholders … and punters

July 31, 2006guidfarr No Comments »

Tweet Financial bookies are braced for a massive pay out if Sir Fred Goodwin beats stock market expectations when he delivers his half-yearly trading update on Friday. Spread betting firm Cantor Index says it has experienced a late rush from gamblers who have bet heavily that the shares are poised for a rise to well […]

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IG Group beats FY forecasts as spread betting bonanza continues

July 24, 2006guidfarr No Comments »

Tweet Spread betting firm IG Group Holdings PLC reported better than expected full-year profits, buoyed by the growing popularity of spread bets on financial markets. IG said earnings before interest, taxes, depreciation and amortisation (EBIDTA), its preferred measure of profit, came in at 52.6 mln stg in the year to May 31, a 51 pct […]

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IG Index Update

July 22, 2006guidfarr No Comments »

Tweet Trading at IG Group Holdings PLC has been strong throughout the year. Revenues, numbers of clients trading and numbers of transactions have all shown substantial progressive increases. In May, the board forecast full-year revenue of 85 mln stg-plus, up from 62 mln in 2005, and EBITDA in excess of 50 mln stg against 35 […]

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Paul ‘The Plumber’ Davidson May Sue FSA for Costs (Update1)

July 18, 2006guidfarr No Comments »

Tweet Paul “the Plumber” Davidson, the British businessman cleared of market abuse in May, said he plans to use an electric device called a “Noisy Charger” to shock the Financial Services Authority into paying his legal bills. If the FSA refuses to pay his costs from a three-year challenge to a record 750,000-pound ($1.4 million) […]

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