- Home |
- Request a Brochure |
- Open An Account |
- Demo Account |
- Prime Markets |
- Careers |
- Contact Us |
Risk Warning
31/01/2011
Shares in Greene King (GNK.L) gain 5.7 percent, the highest riser on the FTSE midcap index, after the pub and restaurant group said booming food sales buoyed its retail business and it made a small acquisition in the sector.
"Top of sector trading is complemented by an acquisition which, while relatively small, is evidence of Greene King's balance sheet strength," says Paul Hickman at Peel Hunt.
"Provided the end of day close is at or above the 100-day moving average, currently at 445p, we expect upward price action and a retest of mid-December highs of 491p in the next 2-4 weeks," says Richard Curr, head of dealing at Prime Markets.
Securities and Derivatives markets may be subject to rapid and unexpected price movements and past performance is not necessarily a guide to future performance. Trading in these markets is generally considered to be suitable only for the more experienced investor as it carries a high degree of risk. An investor may not receive back the amount of their original investment and in certain circumstances may be liable for a sum that is greater than their original investment. If in any doubt, please seek independent financial advice.