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Prime CFDs in the Press - Burberry (BRBY)

26/05/2010

Gilts

The yield on ten-year gilts fell to a seven-month low as investors sought to avoid risk after stocks tumbled amid fears about the eurozone debt crisis. The June gilt future settled 82 ticks up at 120.76 — on a continuous contract basis, the highest since May last year. The yield on ten-year gilts fell ten basis points to 3.432 per cent, its lowest since October.

Deal of the day

Shares in Burberry fell 17p to 612½p ahead of the fashion group’s full-year results today. The City is looking for pre-tax profits of about £205 million and for the FTSE 100 group to give a generally upbeat outlook for the year ahead. The group was reasonably positive at its recent fourth-quarter update. Prime CFDs offers a June contract spread of 616½p-618p.

Tiddler to watch

Media Corp fell 0.2 to 2.15p but may move in the right direction today. The gaming and advertising group is expected to report solid first-half results, with revenue and profits rising by more than 400 per cent. The company recently bought Purple Lounge, an online gaming brand, and its Gambling.com site returned to No 1 in Google’s search rankings.

The Times

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