WINNER: Champion Trader *** December 5, 2010 HANDY scalping, some recklessly large position sizes and a close eye on the news helped Jason Khan, an account manager at email marketing company Silverpop, be crowned Champion Trader. Khan managed to turn £10,000 into an astounding £350,017 between 1 November and 1 December, beating almost 2,000 other participants to the grand prize of £6,000. [...]
THE TIPSTER December 5, 2010 THE Scottish oil producer, Cairn Energy, has seen its share price knocked thanks to a fruitless drilling operation off Greenland back in October, but last week’s award of a new exploration license is injecting a degree of life back into the stock. That, in addition to the painfully slow ongoing attempt to dispose of part [...]
TECHNICAL ANALYSIS GURU December 5, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, I heard the saying “don’t get married to the market”. What does this mean? A. We’re not talking literally here, surprisingly enough. In the current market environment where the FTSE 100 recently declined 6 per cent some traders were said to be married to their positions. What does [...]
FTSE 100 surges on gains by commodities and financials December 2, 2010 BANKS and commodity stocks powered strong gains for Britain’s top share index by close yesterday, on increasing optimism about the global economy and investor confidence that the Eurozone debt crisis would be contained. The FTSE 100 index ended up 125.06 points, or 2.2 per cent, at 5,767.56, a second straight session of strong gains. It [...]
Wall St rallies as euro concerns ease December 2, 2010 WALL Street rallied for a second day yesterday as concerns about Europe’s sovereign debt crisis waned, giving investors the chance to add to positions in winners among banks and retailers. More than two stocks rose for every decliner on the New York Stock Exchange, with bank stocks leading the way after Goldman Sachs said improving [...]
The master of business buyouts December 2, 2010 IT WAS a huge day for Matthew Riley the founder of telecommunications company Daisy yesterday. He announced a £23.5m buyout of his competitor, NEG MBO Two Limited – a big deal particularly considering that just last week Daisy bought out SpiriTel Technologies for £30m. When asked about the deals Riley grins cheekily and says he’s [...]
Hit the powder, not your wallet this ski season December 2, 2010 AA THE snow settles in London and the transport system goes into an adolescent sulk, many of us have started thinking about places where the white stuff is more welcome. With many resorts reporting bumper snowfalls, it is beginning to look like yet another excellent ski season for the Alps. Time to get out the [...]
The lucky dip of credit rating December 2, 2010 CREDIT rating agencies’ recommendations have always caused anxiety and bafflement to small business owners. But now according to accountancy firm Shelley Stock Hutter there is proof that there is little rhyme in the agencies’ reasons: the firm recently conducted an investigation comparing the three well-known credit agencies, Dun & Bradstreet (D&B), Experian and Creditsafe. The investigation [...]
PERSONAL FINANCE NEWS December 2, 2010 MORGAN STANLEY UNVEILS GROWTH PLAN Morgan Stanley this week announced the launch of its new FTSE Defensive Digital Growth Plan, which lasts for six years. The plan offers a fixed return of 60 per cent at maturity if the FTSE 100 rises or even if it falls by less than 20 per cent over the [...]
BUSINESS PR December 2, 2010 Q. Is it possible to promote my small business in the press? A. Absolutely. Journalists are busy people but they want and need to hear from specialists with stories and ideas. Don’t be put off if you don’t have a dedicated press department, or even a dedicated person for handling the media, getting coverage for [...]