Archive for September, 2006

London Capital H1 profit up sharply

September 22, 2006guidfarr No Comments »

Tweet LONDON (AFX) – Spread-betting firm London Capital Group which operates Capital Spreads said its first-half profit rose almost five fold, buoyed by strong growth in customer numbers. The company, which offers online financial spread betting and foreign exchange trading services, said pretax profit for the six months to June 30 came in at 1.65 […]

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Delta Index in €2m cash call for Europe expansion

September 5, 2006guidfarr No Comments »

Tweet DELTA INDEX, the financial spread-betting company backed by former AIB chief executive Tom Mulcahy, is seeking to tap investors for up to €2m in a fundraising that values the four-year-old company at more than €10m. Mulcahy spent €500,000 earlier this year on a 7% stake in the company when it was valued at €6m. […]

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TD Waterhouse launches financial spread betting

September 3, 2006guidfarr No Comments »

Tweet Execution-only broker TD Waterhouse has unveiled its new online Financial Spread Betting service. “Financial spread betting is a highly adaptable trading tool enabling investors to gain access to a wide range of markets in an easy and cost-effective manner,” said TD Waterhouse UK chief executive Michael Foulkes. “Our customers will be able to gain […]

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Spreadbetter IFX backs 58 mln stg takeover plan

September 1, 2006guidfarr No Comments »

Tweet Currency trader and spread-betting company IFX Group Plc said it would back a 58 million pound takeover plan by rival City Index, which made an initial approach in March. City Index has offered 180 pence in cash per share, or around 57.9 million pounds. “The IFX directors have considered the implications for all stakeholders […]

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