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.... Bargains are not Mall of America’s selling point (although it probably helps that the state has no sales tax on clothes). With its cinemas, an aquarium, rides, hotels and conference-goers, Mall of America is betting on more than shopping to keep itself in business. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 11:00:36 AM
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Latest Finance News related to Betting

Big, bold … and broken: is the US shopping mall in a fatal decline? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
.... Bargains are not Mall of America’s selling point (although it probably helps that the state has no sales tax on clothes). With its cinemas, an aquarium, rides, hotels and conference-goers, Mall of America is betting on more than shopping to keep itself in business. ...
Key Bank of England policymaker 'not ready' for interest rate rise image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:45:21 PM
....5%. Joshua Mahony, a market analyst at spread betting firm IG, said Yellen’s comments were seen as dampening expectations of a steep rise of US rates. ...
£8bn battle looms for credit card processor Worldpay as rivals circle image
....During his time at Barclays, Rake was instrumental in ousting chief executive Antony Jenkins in July 2015, following a boardroom row over the future of Barclays’ investment banking business. “Having only joined the FTSE 100 in 2015, [Worldpay] was a welcome addition to an index that had become overpopulated by banks and miners,” said Chris Beauchamp, chief market analyst at spread betting firm IG. ...
Fixed-odds betting terminal review delayed until autumn image
Source : Guardian [Read Article] Friday 30th of June 2017 06:11:07 PM
. A long-awaited review of fixed-odds betting terminals (FOBTs) has been delayed until the autumn, following a rift between the Treasury and the government department responsible for the gambling industry over regulation of the controversial machines. ...
Ladbrokes could face inquiry after betting addicts' details found in bin bag image
. Ladbrokes could face an investigation from the gambling regulator over an incident in which confidential information about betting addicts, including photos, names and addresses, was found in a bin bag on the street. ...
Online gambling firms face clampdown after watchdog's probe image
Source : Guardian [Read Article] Friday 23rd of June 2017 07:46:11 AM
....The CMA said customers were sometimes forced to play hundreds of times before they were allowed to withdraw money, denying them the choice to “quit while they’re ahead”. Online betting firms now have chance to respond to the CMA, which said if necessary it would take action through the courts to force companies to end illegal activities. ...
Bosses under fire for telling staff to vote Tory or risk losing jobs image
Source : Guardian [Read Article] Monday 12th of June 2017 04:05:44 PM
....The GMB union branded John Brooker as Dickensian after he apparently told employees at his IT firm Storm Technologies to vote Conservative “if you value your job”. Social media users labelled betting firm Jenningsbet disgusting after staff were told the company could go bust, costing them their jobs, unless the Tories won. ...
Pound recovers after sharp falls as political turmoil hits markets image
Source : Guardian [Read Article] Friday 9th of June 2017 04:46:50 PM
....5%. Connor Campbell, financial analyst at spread betting firm Spreadex, said: “Though the current chaos is bad news for the instability-averse pound, if it leads to a softer Brexit it may end up working in the currency’s favour. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
. The Labour party has accused the government of failing to act on fixed-odds betting terminals, after data showed that gamblers’ losses are largest in deprived areas and opposition-held constituencies. ...
Airline shares lower after terror attack image
Source : BBC [Read Article] Monday 5th of June 2017 08:11:29 AM
....Ocado, which had originally pledged an overseas deal by the end of 2015, did not name the retailer or say how much the contract was worth. Ocado's shares have risen by 37% in the past two months and Neil Wilson, analyst at spread betting firm ETX Capital, said the drop could be linked to investors deciding to take profits. ...
WPP needs a big name to follow Sir Martin Sorrell image
Source : Guardian [Read Article] Sunday 4th of June 2017 06:00:16 AM
.... But surely that isn’t Bob the Banker’s plan?. Anybody who has listened to the marketing of the financial spread betting industry over the years will know that one of the great trumpeted advantages is that even retail punters can have a flutter on shares going down. ...
Nomura admits part in Goldman Venezuelan bond deal image
Source : BBC [Read Article] Thursday 1st of June 2017 08:32:58 AM
....8bn worth of similar bonds. Opposition leader Julio Borges accused Goldman of "aiding and abetting the country's dictatorial regime". ...
British Airways should come clean about computer chaos image
Source : Guardian [Read Article] Tuesday 30th of May 2017 05:52:44 PM
....5% of revenues. The stock market is evidently betting that the skies will clear again for the airline. ...
UK gamblers lose record £13.8bn as industry braces for FOBT crackdown image
....8bn in the year ending September 2016, including an all-time high of £1. 82bn on controversial fixed-odds betting terminals (FOBTs). ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
.... And that could mean that restricting Nafta or imposing border taxes on car parts made in the US's neighbours could cost American jobs. Mexican officials are betting the US won't shoot itself in the foot even as its new president tries to change his country's role in the global economy. ...
Global stock markets: what's driving the record rises – and will they continue? image
.... Taken as a whole, FTSE companies make the majority of their earnings overseas, so a weak pound boosts their bottom line and thus their stock prices. Jasper Lawler, senior market analyst at London Capital Group, a spreadbetting firm, said: “Since the snap election was announced, the negative correlation between the British pound and the FTSE 100 has broken down. ...
Uber must return 'pilfered' Waymo files image
Source : BBC [Read Article] Monday 15th of May 2017 07:27:22 PM
....Crucially for Uber, the ruling did not shut down its self-driving car project. Uber is betting that its ride services network will eventually rely on self-driving cars. ...
Online betting firm 888 investigated by watchdog image
Source : Guardian [Read Article] Monday 15th of May 2017 02:37:15 PM
. Online gambling company 888 is being investigated by the industry regulator, which has the power to strip betting firms of their licence to do business, amid concern over the tools it uses to help problem gamblers. ...
US ‘fear index’ shows stock markets eerily calm in stormy times image
Source : Guardian [Read Article] Saturday 13th of May 2017 03:00:03 PM
....This brings a degree of certainty over the price a trade will bring, but requires the investor to pay a premium in return. A trader confident that a price will rise may take out the opposite sort of option – a call – betting that the market will move higher. ...
FTSE 100 lifted by HSBC and Shell results image
Source : BBC [Read Article] Thursday 4th of May 2017 08:36:35 AM
....4% after it reported falling sales and trimmed the top end of its full-year profit forecast. In the FTSE 250, shares in Ladbrokes Coral fell 4% after it reported a 2% drop in UK net revenues at its betting shops. ...
MPs' report on FOBTs found to breach parliamentary standards image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:51:21 PM
. An MPs’ report calling for a crackdown on fixed-odds betting terminals, published in the midst of a government review into the controversial machines, has been found to breach parliamentary standards. ...
Battery bonanza image
Source : BBC [Read Article] Sunday 30th of April 2017 11:01:30 PM
.... . Tesla is betting that it can significantly wrestle down the costs of lithium-ion production, not through technological breakthroughs, but through sheer economies of scale. ...
Jockey Club horse racing posts record annual turnover image
Source : BBC [Read Article] Wednesday 26th of April 2017 05:05:46 AM
....". The new British horserace betting levy . ...
Borussia Dortmund bombs: 'Speculator' charged with bus attack image
Source : BBC [Read Article] Friday 21st of April 2017 06:59:39 AM
....He was arrested on Friday near Tubingen in Rottenburg, south-west Germany. The suspect had allegedly bought 15,000 put options on Borussia Dortmund shares - reportedly priced at €78,000 (£65,000; $83,600) - betting that they would drop sharply after the attack. ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
....But Nick Hurd, climate change and industry minister, can’t yet boast that the deal “gives us the best of both worlds” – value for money and committed owner. He’s betting that the interests of a bank known as Australia’s answer to Goldman Sachs will coincide with the ambitions of UK policy on green infrastructure. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
.... But in the wake of the snap general election, it said it was ditching its bets against the pound. The stockbroker Brewin Dolphin said that the rise in sterling might appear “counter-intuitive” as traders have been betting on sterling falling ever since last June’s Brexit vote. ...
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
....But is that bad news for everyone? Possibly not, if it makes shoppers trade down to cheaper retailers such as Primark, whose owner Associated British Foods (ABF) announces first-half results this week. Chris Beauchamp of financial spread betting group IG, mused: “Now, after recent data on wage growth has confirmed that UK shoppers’ pay packets are shrinking in real terms, we could see a boost for the cheaper end of the market, with Primark being a beneficiary. ...
Bookies bet on record weekend of sport image
Source : BBC [Read Article] Friday 7th of April 2017 08:21:42 PM
....A bumper roster of sport including the Grand National, the Masters and Premier League games, is expected to produce a record weekend for bookmakers. The Grand National will attract about £225m in wagers across the betting industry, William Hill predicted. ...
Bookmakers' software under scrutiny image
Source : BBC [Read Article] Wednesday 5th of April 2017 02:32:06 PM
....It has found in favour of two punters who complained about software being downloaded on to their computers without their permission. The gamblers believe the software could be used to track their betting history and close their accounts if they win. ...
Tesla charges ahead to overtake Ford in market value image
Source : Guardian [Read Article] Tuesday 4th of April 2017 01:31:56 PM
....Musk was in the mood to gloat about Tesla’s comparatively rapid growth story. “Stormy weather in Shortville,” he tweeted, a reference to traders who had been burned by “shorting” Tesla – betting its results would disappoint and its shares would fall. ...
Tesco has settled with the SFO – but it faces more headaches ahead | Nils Pratley image
.... Apparently, it was only a home defeat for Newcastle United to Sheffield Wednesday on Boxing Day that saved the bookies from a “black swan” event on accumulators and multiple bets. But Mullen could equally have been referring to the government’s review of fixed odds betting terminals (FOBTs), announced at the end of October. ...
Blurred lines? image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:25 AM
Rising food costs - what's that got to do with the price of Brexit? image
Source : Guardian [Read Article] Sunday 19th of March 2017 07:00:01 AM
....When it was founded by Stuart Wheeler in the 1970s, the Investors Gold Index allowed punters to bet on the price of gold bullion at a time when you could get banged up for buying the real thing. That clever idea grew into what we now know as spread-betting giant IG Group, and it made Wheeler so rich that he could afford restoration attempts on crumbling relics such as Kent’s Chilham Castle (2002) and the Conservative party (2001). ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
....In a highly unusual move, investment group Jupiter this week revealed the stocks that it is “shorting”, which means placing a bet that a company’s share price will fall. Normally, shorting is the preserve of secretive hedge funds, or the “absolute return” funds currently popular among small investors – and rarely are we told which stocks they are betting are about to tank. ...
Q&A: What will happen if the Federal Reserve raises US interest rates? image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:08:31 PM
....The Federal Reserve raised the base interest rate by a quarter of a percent in December last year and is expected to follow with a further rate rise on Wednesday. Some analysts expect a quarter-point rise, though most of the betting is now on a half point, pushing the base rate to a range of 1% to 1. ...
In the Hunt image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:03:41 AM
....The 28-race steeplechase event is run by the Jockey Club and culminates in the Gold Cup day on Friday. On average some 65,000 people will attend the event each day, spending money on accommodation, food and drink, and betting. ...
Gamblers 'lost more than £10,000' on fixed-odds betting terminals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:49:55 PM
. Seven gamblers lost more than £10,000 in a day while using controversial fixed-odds betting terminals (FOBTs) during a 10-month period, it has emerged. ...
Britons like vodka and Nike and won't consider Airbnb, survey reveals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:42:14 PM
.... Nonetheless, HSBC advises investors to sell Ladbrokes shares, citing the likelihood that consumers will have less money to spend. It also warned of the potential that a government review will lead to a crackdown on fixed-odds betting terminals, which pulled in £1. ...
US interest rate rise almost certain after bumper jobs growth image
Source : Guardian [Read Article] Friday 10th of March 2017 06:15:58 PM
....8% failed to indicate that the economy was overheating. Kathleen Brooks, research director at spreadbetting firm City Index, said: “While this jobs data is solid enough, it is not too hot to force the Fed to embark on more than three rate hikes this year, which is what the market expects. ...
Horses for courses image
Source : BBC [Read Article] Thursday 9th of March 2017 12:54:11 AM
. Steve Gibson says he has made it clear that people should never approach him for any betting advice. ...
Sorry, Brexit doomsayers, the outlook is good on global growth image
Source : Guardian [Read Article] Saturday 4th of March 2017 05:00:20 PM
.... It is more about believing even the scariest political flash points can be contained. They are betting that far-right groups in Europe will lose out to centre-right groupings and that the financial problems in Greece are ring-fenced; that the Chinese communist party will retain its grip on the economy to keep things moving forward; and that Russia will consider it too risky to encroach further into Ukraine. ...
City news: Merlin Entertainments, Sportech, and Mike Ashley  image
Source : Daily Express [Read Article] Friday 3rd of March 2017 08:59:00 AM
....SPORTECH has scored a deal to offload its Football Pools business to private equity firm OpCapita for £83million. The betting technology company had been seeking a buyer for more than 18 months. ...
William Hill's potential next CEO backs curbs on TV gambling adverts image
Source : Guardian [Read Article] Friday 24th of February 2017 05:53:03 PM
....Bowcock, the interim CEO after the departure of James Henderson last July following successive profit warnings, is among the favourites to be named chief executive, with a decision due within weeks. His comments on advertising, as the company announced a 1% increase in pre-tax profit to £226m, come as the government reviews the potential harm caused by fixed-odds betting terminals and TV advertising. ...
Comparethemarket ads lead way as online firms become top TV spenders image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:01:00 AM
....3m, as it promoted products including its TV service. Betting firms, which are facing the prospect of a ban on daytime TV adverts , spent a total of £50m promoting their online betting services. ...
Canada's Trump? image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:33:29 AM
. An outspoken businessman who found fame on American reality TV is betting the wave of populist sentiment will help him upend Canada's political establishment. ...
Betting turf war is torpedoing efforts to help problem gamblers image
Source : Guardian [Read Article] Tuesday 21st of February 2017 07:00:02 AM
. Problem gambling experts have criticised rival factions of the betting industry for waging a “selfish” war of words to protect their own interests amid the threat of tighter regulation. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
....To emphasise the point, there are even early signs of junk-rated businesses using cheap lending facilities to borrow more money and use it to enrich their private equity owners, a move that evokes the worst behaviour before the 2008 crash. Thankfully, the betting must be that only a few investors get hurt in the stampede, the reason being that Congress simply will not allow Trump to pursue his crazy spending plans and mania for deregulation. ...
Rising incomes mean nothing if prices rise even faster | Letters image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:05:43 AM
....Admirable in many ways, but as befuddled as Corbyn himself on the Brexit referendum vote, but, unlike him, Harriet Harman (New Review) has always toed the party line. She is clear about whom she represents – her constituents – yet even as she reviles what he stands for and knows he is hopeless, she will obey his three-line whip, thereby aiding and abetting Corbyn and May in delivering the UK into the very sort of chaos sought by Trump, which could well lead to circumstances not matched since the 1930s. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
....” As this page is fond of pointing out, that’s how Robert De Niro’s character, Ace Rothstein, explained the gambling industry in the 1995 film Casino. Remember his words this week, when the Fixed Odds Betting Terminals (FOBT) All Party Parliamentary Group publishes its report on those controversial betting machines in bookies’ shops, which allow punters to gamble on games such as roulette. ...
Paddy Power Betfair takes £5m hit from Trump election win image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:30:32 PM
....Created last year by the merger of Paddy Power and Betfair, the group also suffered a £35m hit from “customer friendly” sports results towards the end of 2016. These included 12 goals in 12 games for Ibrahimovic, who the bookmaker said typically attracts the biggest stakes from gamblers betting on a goalscorer. ...
Hurrah for the industrial strategy. At last Britain has a plan image
Source : Guardian [Read Article] Sunday 22nd of January 2017 06:59:23 AM
....He may well turn out to be right in some or all of his views. But timing in markets is everything, as Soros, who made a fortune by betting against the pound on Black Wednesday in 1992, knows. ...
Rolls-Royce: questions remain despite £671m bribery settlement | Nils Pratley image
.... And, in the age of low interest rates, there have been easy opportunities to spice up returns to shareholders via the use of debt. Is there any mileage left, though? BAT is betting there is because it is buying Reynolds at almost 17 times its earnings, thought to be the highest price ever paid for a large tobacco firm. ...
Pound soars but FTSE falls after Theresa May's Brexit speech image
Source : Guardian [Read Article] Tuesday 17th of January 2017 06:37:34 PM
....38. Commenting on the jump in the pound, Connor Campbell, a financial analyst at spread-betting firm Spreadex said: “As some expected, the pound had worked out most of its negative feelings about Theresa May’s Brexit intentions already, leading the currency to piggy-back on the less terrifying aspects of the prime minister’s announcement for some rather impressive gains. ...
Sterling skids to three-month low on hard Brexit concerns image
Source : Guardian [Read Article] Monday 16th of January 2017 04:58:07 AM
....1370. Commenting on the moves, Michael Hewson, analyst at spread-betting and trading firm CMC Markets said: “While it is notable that the pound has revisited its October lows against the US dollar, against the euro it hasn’t come anywhere near close to them, reflecting perhaps the increased risks to Europe from upcoming political uncertainty in the coming months. ...
Bookmakers face losing their licence and huge fines over problem gambling image
.... Clearly if there are failures that continue or are not addressed then it is right to take action,” said the ABB. Labour MP Carolyn Harris, who chairs a cross-party group of MPs looking into the impact of fixed-odds betting terminals (FOBTs) applauded the tighter regime, but said the regulator should throw its weight behind curbs on the controversial machines, which allow gamblers to stake up to £100 every 20 seconds. ...
Theresa May is trapped between a rock and a hard Brexit image
Source : Guardian [Read Article] Sunday 15th of January 2017 06:59:09 AM
.... This, as our recently retired ambassador to the European Union, Sir Ivan Rogers, told his staff in a farewell memorandum, is muddled and as clear as mud. Make no mistake about it, Rogers has in effect been sacked for being right: right to advise against holding a referendum in the first place; right when he saw the way the betting on Brexit was strengthening in the run-up to 23 June; right to warn that, while desperately wanting us to remain in the EU, the other 27 were not going to roll over to accommodate our every request if the outcome was Leave; right to criticise the absence of anything resembling a plan or a strategy for the coming years. ...
William Hill tells staff to shine torches through rival bookies' windows image
Source : Guardian [Read Article] Friday 13th of January 2017 06:12:54 PM
....”. Harris leads a cross-party parliamentary group advocating a reduction in the maximum stake from £100 to £2 on fixed odds betting terminals (FOBTs) – sometimes referred to as the “crack cocaine” of gambling due to their addictive nature. ...
Pound falls to 10-week low after Theresa May's Brexit comments image
Source : Guardian [Read Article] Monday 9th of January 2017 07:17:23 PM
....One analyst said the increasingly belligerent war of words in recent weeks between London and Brussels and the row over the resignation of UK ambassador to the EU Sir Ivan Rogers had left currency market traders in no doubt Britain was heading for a hard Brexit, even before May’s comments. “After some respite at the end of last year, the market [was betting against] sterling even before Theresa May gave her interview on Sunday, suggesting that until a clear plan is presented by the government, the market’s fears [dominate] that Brexit will be a disaster for the UK,” said Kathleen Brooks, research director at brokers City Index. ...
Gambling firms charmed MPs ahead of betting review in 2016 image
Source : Guardian [Read Article] Sunday 1st of January 2017 05:37:37 PM
....The industry has come under the spotlight amid concern about its commitment to curbing problem gambling and fears about the influence that daytime TV adverts have on children. The increased scrutiny culminated in a government review of betting firms’ social responsibility, including controversial fixed-odds betting terminals (FOBTs), often dubbed the “crack cocaine” of gambling for their addictive nature. ...
Surging stock markets say Trump is a conman and May a phoney | Andrew Rawnsley image
.... They are wagering that President Trump will betray the poorer voters who helped put him in the White House. They are betting that Theresa May will not deliver for the less affluent Britons whose Brexit votes helped elevate her to Number 10. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
....Bosses at a string of companies faced revolts. Besides BP and Smith & Nephew, companies as diverse as engineering group Weir, Shire Pharmaceuticals, estate agent Foxtons and betting company Paddy Power Betfair were also subjected to pay rebellions. ...
Will it be a happy new year for your investment funds? image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
....Forecasts made by investment banks such as Goldman Sachs, JP Morgan and Barclays Capital are only marginally better than flipping a coin, and if you hold on to their “hot picks” longer than a few months you will almost certainly lose money, according to new research. Intertrader, a spread betting firm, examined stock predictions from so-called (and highly paid) gurus at 16 investment banks, tracked them over the following 12 months and compared them to the returns on just putting your money into a savings account or a stock market index such as the S&P 500 on Wall Street. ...
Eurozone ministers won't budge an inch on Greek finance measures image
Source : Guardian [Read Article] Wednesday 14th of December 2016 08:12:30 PM
.... On the trading front and in its relations with tenants, Punch has been showing definite signs of rehabilitation. Financial spreadbetting firms hate the Financial Conduct Authority’s plan to make the industry a safer place for punters by clamping down on the leverage ratios that can be used on products such as contracts for difference. ...
Problem gambling costs UK up to £1.2bn a year, says report image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:00:51 AM
....The report, commissioned by charity GambleAware and written by the IPPR thinktank, charts the costs associated with problem gambling, such as mental health services, police intervention and homelessness. It comes with the gambling industry facing increasing scrutiny, including a government review of fixed-odds betting terminals (FOBTs) – often dubbed the “crack cocaine” of gambling due to their addictive nature. ...
City regulator to crack down on crowdfunding image
Source : Guardian [Read Article] Friday 9th of December 2016 08:53:42 AM
....The FCA’s action on crowdfunding is the latest in a series of interventions by the regulator since Bailey took over as chief executive in July. It has proposed measures to increase competition between fund managers, tougher regulation of high-cost consumer credit, and a clampdown on the spread-betting industry. ...
Courtside gambling ads dumped from Australian Open image
Source : BBC [Read Article] Friday 9th of December 2016 05:44:59 AM
....Controversial courtside ads for UK bookmaker William Hill have been dumped from next month's Australian Open tennis tournament. Tennis Australia confirmed on Friday it would no longer offer "on-court signage" to the betting agency. ...
MPs recommend clampdown on fixed-odds betting machines image
Source : BBC [Read Article] Thursday 8th of December 2016 01:04:05 PM
. A cross-party group of MPs has said maximum stakes on fixed-odds betting terminals should be cut from £100 to £2 to reduce "societal harm". ...
Cut fixed-odds betting stakes to £2, MPs urge image
Source : Guardian [Read Article] Thursday 8th of December 2016 12:28:54 PM
. The amount gamblers can stake on controversial fixed-odds betting terminals (FOBTs) should be slashed and councils given powers to stop bookmakers “clustering” betting shops on high streets, an influential group of MPs has said. ...
Capita shares plunge after profit warning image
Source : BBC [Read Article] Thursday 8th of December 2016 09:18:21 AM
....Despite Capita's fall, the FTSE 100 index closed up 30 points at 6,932. In the FTSE 250, shares in bookmakers were hit after MPs recommended that the maximum amount gamblers can stake on fixed-odds betting machines should be cut from £100 to £2. ...
Sports Direct chairman criticises 'extreme campaign' as profits fall 57% image
Source : Guardian [Read Article] Thursday 8th of December 2016 08:27:37 AM
....and said he was “delighted to be joining the board of one of the UK’s most dynamic companies”. Neil Wilson, senior market analyst at forex and spread-betting firm ETX Capital, said: “The company is blaming everyone else and it’s true that negative PR of this scale is very hard to shake. ...
What is financial spread betting and why do most people lose at it? image
Source : Guardian [Read Article] Tuesday 6th of December 2016 04:01:53 PM
. The Financial Conduct Authority has studied a sample of spread-betting customers and found that 82% lost money on products offered by the industry called contracts for difference (CFDs). ...
The idiot's guide to spread betting image
Source : BBC [Read Article] Tuesday 6th of December 2016 01:45:40 PM
. Spread betting on financial markets by the general public will be more tightly regulated by the financial watchdog. ...
Spread-betting industry loses £1bn after City watchdog steps in image
Source : Guardian [Read Article] Tuesday 6th of December 2016 09:31:02 AM
. More than £1bn has been wiped off the stock market value of the spread-betting industry after the City regulator announced a clampdown to protect inexperienced retail customers from unexpected losses on complex trades. ...

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