THE TIPSTER
THE London Stock Exchange has been finding things tough recently battling against protesters sitting outside its head office and the prospect of a Europe-wide financial transaction tax. On top of this, several failed mergers and takeovers of the exchange have left it in a tricky position when compared to the competition. On Wednesday it releases results, and investors will be hoping for some good news. Capital CFDs quotes 850.9p-855.6p for London Stock Exchange’s share price.
Interdealer broker ICAP’s share price has seen better days, as it hit an 18-month low last week. Investors could just be being cautious over financial stocks, because it is proving increasing volumes on its electronic platforms BrokerTec and EBS, and solid volumes in its voice-broking business. With global expansion still very much on the agenda, its figures, which are released tomorrow, could prove positive for the broker. Capital Spreads quotes 361.4p-362.1p.
Traders were dabbling in Admiral Group over the last few days, picking up a great multi-share discount as it can now be bought for 28 per cent off what it was trading at just a week ago. It is one for the brave as it limps along suffering from severe personal injury problems, but with a stop loss just below 800p, traders are hoping it may navigate calmer waters in the weeks to come. Spread Co offers a spread on Admiral Group of 836.26p- 838.62p.
Burberry Group showed strong preliminary results last month as overseas demand, principally from China, boosted sales. However Burberry’s price may be checked today. Current valuations of the luxury clothing group still seem a touch high, with several analysts issuing sell recommendations on the stock. That being said, the group has a good cash position and today’s interim report may give investors a reassuring sign of how the group plans to put this to use. IG Index gives a spread for Burberry Group of 1,419p-1,422p.