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Investors rush into internet shares

Private investors are snapping up internet shares in a wild &#39tech-frenzy&#39 according to stockbroker Charles Schwab.

Brokers&#39 expectations of a pre-Christmas ease were blown away on Monday, as private investors caused one of the busiest mornings on record. Stockbrokers said there was an unprecedented surve in numbers chasing internet company shares.

Charles Schwab communications director Guy Knight says: “Its extraordinary – a tech frenzy. It looks like this week is going to be as bad as last week.”


Boost to internet share deals

A new survey has revealed 45 per cent of private investors plan to use the Internet in their share dealings and 20 per cent intend to trade on-line in the near future.The survey of 260 people for City ShareShop showed twice as many men as women plan to trade on-line.It also showed the most popular […]

Murray hurries for new bid after Leek failure

WORDS 86Shares in Murray Financial have plunged 50 per cent since it failed in its carpetbagging bid for Leek United.But even though shares fell from 13p to 7.5p after Murray resumed trading on the Alternative Investment Market, it said it is still planning to bid for another society.Murray Financial officially dropped its bid for Leek […]

Winterthur fights annuity limit

Winterthur Life is lobbying for a change to the rule on compulsory annuity purchase at 75.The news follows a Lords debate on raising the compulsory annuity age to 80 in which social security minister Lord Macintosh claimed the pensions industry had failed to provide alternatives to holding the age at 75.Winterthur Life director of sales […]

Halifax mortgage share static

Halifax has failed to increase its share in the mortgage market in the last six months of the year.The has bank announced its market share is set to hold steady at 7 per cent net and 15 per cent gross for the last half of this year. This is similar to figures for the first […]


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