SATELLITE communications provider Inmarsat was one of the worst performers on the FTSE 100 on Tuesday after hopes faded that its largest shareholder, Harbinger Capital, will be able to afford a takeover. After rising to a high of 797p earlier this year, this pullback could push the stock as low as 650p if any more regulatory concerns emerge from the US. Spread Co offers a spread on Inmarsat of 754.4p–756.5p
Shares in Gartmore Group continued to fall yesterday following news of the suspension of one of its star fund managers. It was trading above 200p just over a week ago and it fell to 97p yesterday. Some analysts believe the fall could be exaggerated by the current FSA investigation into insider trading, which is unconnected to this case. ShortsandLongs.com has a rolling Gartmore Group spread of 131.9p–132.7p.
Australian telecommunications company Telstra, was in demand a year ago after a spoof announcement appeared in the media suggesting the company was about to de-merge. Since then the stock price has underperformed despite robust growth in the Australian economy. The Current IG Index June price is Au$0.300-Au$0.3036.