Spread betting charts are pointing to a higher open for the Dow Jones Industrial Average. Spreadex, one of the UKs largest spread betting companies has this morning issued a falshnote calling the Dow Jones Industrial Average higher. The call comes after taking a look at the Dow Jones charts on their spread betting platform which takes futures figures and combines it with current indices performance to arrive at an indicative figure. “Spreadex expects the Dow to open up 38 at 12491 At and the S&P 500 up 6.4 at 1336.7 Today’s release of initial jobless claims and Philadelphia Fed Manufacturing Index figures could point to recovery signs after a worse than expected jobless figure last week,” says a note from Matthew Nelson at the spread betting company. “

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Opposition to Frankel in the 2,000 Guineas at Newmarket on Saturday week was further reduced on Tuesday when Richard Fahey conceded defeat in his attempt to get Wootton Bassett, one of Frankel’s fellow Group One-winning juveniles last season, ready in time for the season’s first Classic.

Wootton Bassett was the first Group One winner of Fahey’s career when he took the Prix Jean-Luc Lagardère at Longchamp last October but the colt missed three weeks’ work earlier this year and his participation at Newmarket had been in doubt since.

“We’ve got to turn up 100% and we’re not going to get there 100%,” Fahey said. “We’ve got anoth

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Spread betting company CMC Markets founder backs No to AV. Peter Cruddas, founder of financial spread betting heavyweight CMC Markets has emerged as one of the key backers of the ‘No to AV’ campaign. ‘No to AV’ refers to those politicians, from different party backgrounds, that are opposed to changes to the UK voting system. The UK public goes to the polls in early May. The No campaign released a statement revealing that it had received £1.8m in donations of over the declarable limit of £7,500 from 41 donors. T

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Spread betting market buzz: Cantillon Capital has taken a 5.01% stake worth £80 million in IG, the firm founded by former Tory donor Stuart Wheeler. The talk of the spread betting industry over the course of the past 24 hours has centred around the news that the UKs largest spread betting company has a new major investor. Yesterday it was reported that Cantillon Capital, an investment vehicle for William von Mueffling has taken a 5% stake in the company. Von Mueffling made his name as a top stockpicker among fund managers at Lazards, running its highly successful European Opportunities Fund. He made Lazard investors millions predicting the end of the dotcom boom at the turn of the millennium.So to hear that he has invested in IG Group is a big positive.

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Arsenal has been unable to maintain a level of excellence in recent years due to the uncertainty that surrounded the club. That is about to end with Stan Kroenke, a minority investor, about to take a majority stake in the team.

Kroenke has made quite the name for himself when it comes to owning sports franchises. In August last year, Kroenke became the majority owner of the St. Louis Rams, an NFL franchise that has struggled in recent years. The acquisition did come at a price for Kroenke.

In order to gain full control of the Rams, Kroenke had to cede control of two other sports franchises. The Denver Nuggets and the Colorado Avalanche will both be losing the sports owner as a majority leader.

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