Tate Lyle's Honey for the Bear-Hunters ; Market Round-Up
Evening Standard - London › March 30, 2007
Linked as:
Summary
HUNTING down stock market bears is the new game being played by investors in the Square Mile these days and it's making some of them a lot of money.
Yesterday it was fashion retailer Next feeling the bear squeeze as its shares soared for the second day in a row on vague talk of a private-equity bid at 2500p a share. The real reason for the rise was that last week's better-than-expected trading statement had caught the bears on the hop having sold short in the belief that more bad news was on the way.See the full content of this document
Extract
Tate Lyle's Honey for the Bear-Hunters ; Market Round-Up
Dealers say the bears have become easy to detect by just looking at the overnight stock lending positions on market makers' books. Today, Next retreated 49p to 2304p.
It was the turn of Tate Lyle today, w...See the full content of this document
Sponsored links
