LONDON–(Marketwire / Asianet-Pakistan – February 4, 2013) – Finspreads: Four banks have been told by the Financial Services Authority (FSA) to compensate thousands of small businesses for mis-selling complicated insurance deals.

The FSA found that 90 per cent of the deals sold to smaller clients broke at least one rule.

Around 40,000 “interest rate hedging products” (IRHPs) have been sold to such clients since 2001.

The decision to order banks to deliver compensation was made last summer.

The FSA has told the four big banks involved to work out how much their customers lost.

But the Federation of Small Businesses (FSB) has already expressed concern about how payments to the banks have not been automatically suspended, with there seeming to be no clear way for businesses to appeal if refused compensation.

It comes on a sluggish day of trading in London for some of Britain’s biggest banks.

At 1449GMT on the FTSE 100 Barclays, HSBC, and the Royal Bank of Scotland all made declines of 1.49, 0.58, and 2.19 per cent respectively.

Learn more about spread betting strategies and the FTSE 100 index at Finspreads.

About Finspreads:

We pioneered browser-based spread betting in the UK in 1999 by being the first provider in the industry to offer real time spread betting access via your browser. Since then, we have grown to become one of the biggest online spread betting firms in the UK.

We offer 24-hour prices on thousands of global instruments and introduced the first browser-based spread betting platform in the UK in 1999.

Acquired by City Index in 2006, we have benefited from the wide range of technological innovations at City Index to enhance the user experience and trading potential of our spread betting clients, such as mobile trading apps as well as powerful desktop trading tools and charts via our Advantage Web platform.

At Finspreads, we offer a range of world-class trading features and technology innovations such as a broad range of trading platforms, powerful charting technology and strong risk management tools — all aimed at helping you to fulfil your trading potential.

Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.

Contact:
Joshua Raymond
Finspreads
+44(0)20-7107-7002
joshua.raymond@cityindex.co.uk

LONDON–(Marketwire / Asianet-Pakistan – January 31, 2013) – Finspreads: Annual profits for oil company Royal Dutch Shell have fallen to $27 billion (£17 billion), a drop in comparison to the $28.6 billion made in 2011.

The retreat comes despite Shell’s profits for the last three months rising from $6.5 billion to $7.3 billion, but the company was hit by the fall in oil prices throughout last year.

In a statement released on its website, Shell’s chief executive described 2012 as a year of “headwinds,” adding that the company is “delivering a strategy that others can’t easily repeat.”

Shell actually increased its output during last year, with 2012 being the first year it sold more gas than oil in its history, and has already stated an intention to press on with plans to deliver more oil and gas, despite the difficult financial climate in many regions across the world.

At 1010GMT Shell’s shares were valued on the FTSE 100 at 2277.50p, a fall of 1.21 per cent.

Learn more about spread betting strategies and the FTSE 100 index at Finspreads.

About Finspreads:

Often underestimated by some traders, your trading psychology could have a large impact on your success or failure as a spread bettor.

Market prices are moving in real time and with volatility and your open profits or losses fluctuating regularly, trading can be hard on your emotions. This could convince you into making trades on impulse without thinking about your trading plan or strategy. This is why trading psychology can be an important element to consider when trading if you want to fulfill your trading potential.

What Sort of Trader Are You?

Whilst most traders think of themselves as one of three types — technical analysts, fundamental analysts or a combination of both — there are also other factors that traders need to consider when identifying what sort of trader you are. For instance, are you looking to profit from very short-term price movements or do you plan to place longer term trades spanning a few days or more?

Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.

Contact Information
Contact:
Joshua Raymond
Finspreads
+44(0)20-7107-7002
joshua.raymond@cityindex.co.uk

LONDON–(Marketwire / Asianet-Pakistan – January 30, 2013) – Finspreads: Yahoo has revealed a rise in revenue for the fourth quarter of 2012, totalling a sum of $1.35 billion (£ 860 million), a rise of two per cent in comparison to the year before.

Net income was still down by eight per cent to $272.3 million, but was due to a one-off accounting charge.

The announcement saw the company’s shares gain by 4.5 per cent in after-hours trading in New York.

It comes as a welcome relief for the company, which is visited by 700 million users a month.

Despite being an established name in its industry, the company shed over 1,000 jobs during the last year, and was long divided over whether it should focus on media content or tools and technologies.

Chief executive Marissa Mayer joined the company from Google last July, choosing to mainly focus on mobile and social networking services.

Many analysts have attributed the recent figures for Yahoo’s fourth quarter to her successful leadership.

At the end of after-hours trading in New York, Yahoo’s shares were valued at $20.95, a rise of 2.95 per cent.

What is spread betting? Learn more at Finspreads.

About Finspreads:

At Finspreads, we understand that keeping our spreads as tight as possible helps to keep dealing costs low, so you can maximise your profit potential.

We therefore offer consistently tight spreads on over 12,000 markets globally, including indices, shares, currencies, commodities and more.

We offer 1-point spreads on the four major indices, including the FTSE 100, Wall Street, Germany 30 and France 40 during market hours, whilst offering spreads from as low as 0.8 pips on EUR/USD and 1 pip on GBP/USD.

Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.

Contact Information

Contact:
Joshua Raymond
Finspreads
+44(0)20-7107-7002
joshua.raymond@cityindex.co.uk

LONDON–(Marketwire / Asianet-Pakistan – January 30, 2013) – Finspreads: A French court has order the suspension of restructuring plans by car manufacturer Peugeot Citroen, claiming the company had not adequately consulted employees. The plans, which could see the loss of 8,000 jobs and the closure of the factory in Paris, have been the source of much controversy in France.

The company said that despite the ruling, it would continue with negotiations with unions about the cuts. The court order comes after complaints from workers at the parts supplier subsidiary Faurecia.

It was the CGT union who managed to successfully argue that Peugeot had failed to respect legal obligations to state that two of the Faurecia sites were likely to be affected by the planned closure of the manufacturer’s factory in Paris.

The company’s difficulties have arisen due to a depressed home market that has affected many of its other European rivals, with EU car sales down by 8.2 per cent since 2011.

At 1345GMT during trading in Paris, Peugeot’s shares were valued at EUR 6.24, a fall of 1.06 per cent.

Learn about the markets and find spread betting tips at Finspreads.

About Finspreads:

Best in Education and Training

As a rule of thumb, we recommend that all of our clients spend time learning about the markets before you start trading.

To help you get started, we have designed a range of world-class training and education tools and services to improve your spread betting skills and help you to become a profitable trader.

From world-class seminars to dedicated spread betting Beginners and Limited Risk accounts — you can enhance your knowledge of spread betting and put this into action no matter what your level of spread betting experience.

Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.

Contact:
Joshua Raymond
Finspreads
+44(0)20-7107-7002
joshua.raymond@cityindex.co.uk