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Your morning spread betting snippets PDF Print E-mail
Written by Will Peters   
Monday, 09 May 2011 15:12

Key market roundup featuring: No more money for Greece, Barclays, Bank of England, Centrica, Apple Inc, Unilever and more.


So, what are the key news bites doing the rounds this morning?

Spread Betting Companies has had a look at the papers, and present the spread betting community with the following:

The Chancellor has ruled out British participation in a further bailout of Greece as the eurozone grapples with the country's debt crisis.

Barclays is expected to announce as early as Monday that it will no longer take part in the legal action over the scandal which saw thousands of customers mis-sold PPI they did not need.

The Bank of England will downgrade Britain's economic growth forecast this week, confirming that the recovery is stalling as the government's austerity measures take their toll.

Energy supplier Centrica expects profits growth in 2011 to be more subdued than previously anticipated due to the new tax regime on UK oil production.

Apple Inc, overtook search-engine giant Google Inc, to become the world's most valueable brand, WPP Plc said in a report today. Apple's brand value climbed 84% in the past year to $153.3 billion.

Unilever has received regulatory clearance to acquire US personal care and household brands firm, Alberto Culver, after agreeing to divest the Alberto VO5 and Rave brands in the US.

Rank has advised its shareholders against accepting a 150p a share offer from Guoco, saying it significantly undervalues Rank and its prospects.

Outsourcing giant Serco is drawing comfort from its £29bn pipeline of identified opportunities despite some short-term headwinds in the UK, and is on course to hit its 2011 targets.

The FTSE 100 has opened down 32.6 points, or 0.54% and is currently trading at 5944.2 points.
 

Some Spread Betting Wisdom



A great piece of advice for those looking to get stuck into spread betting. While most spread betting companies love to push their index offerings, most traders fail to make money off them....

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