23bn pounds sterling tidal wave of free shares threatens to engulf market; some 19 million investors in societies and insurers pose an unprecedented challenge
Article Abstract:
Share dealing systems in the UK could come under severe pressure as some of the largest building societies and insurance companies in the country list on the Stock Exchange. They are set to distribute free shares worth 23 billion pounds sterling to 19 million investors. Research indicates that one in eight recipients will sell the shares immediately, greatly adding to the volume of transactions on the Stock Exchange. Experts believe that it is wise not to sell the shares immediately, as their value will rise considerably in the longer term.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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FTSE starts to show cracks under the strength of the global economy
Article Abstract:
The shift in investor sentiment towards cyclical stocks has played a key role in the performance of equities in 1999. Cyclicals dominate the FTSE 250, with the All Share thus performing more strongly against the FTSE 100, which on Sep 22, 1999, closed below the 6,000 mark for the second consecutive day. Some observers are concerned that the pace of economic growth, particularly in the US, is too strong. This would have a negative impact on the FTSE 100 and the All Share, which respond closely to trends in US economic performance.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Bumper North Sea oil profits pose taxing questions for the Chancellor
Article Abstract:
The British Chancellor Gordon Brown is under pressure to increase taxation of the petroleum industry. A one off 'windfall tax' on excess profits is being considered.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
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