TD Waterhouse UK

TD Waterhouse UK

July 19, 2011 03:30 ET

BSkyB Enters TD Top Ten Buys Amid Hacking Scandal Fallout

While FTSE 100 slides as Europe's debt crisis escalates

LONDON, ENGLAND--(Marketwire - July 19, 2011) - Darren Hepworth, Trading and Customer Services Director, TD Waterhouse comments: "Buys among TD customers soared in the week ending Tuesday 12 July increasing by over 40% on last week and outnumbering sell trades by nearly 2:1. The biggest news story of the week centred on the continuing furore surrounding the News of the World phone hacking scandal, so it was no surprise that British Sky Broadcasting (BSY) entered the top ten buys table. Its share price was hit by uncertainty over News Corporation's £8bn takeover bid for the broadcaster, which was subsequently withdrawn yesterday. Meanwhile the FTSE 100 dipped back below the 6,000 mark as concern over the eurozone debt crisis switched focus to Europe's third largest economy, Italy."

The Top 10 Retail Investor Buys and Sells for week ended 12th July 20111
TOP TEN RETAILER BUYS TOP TEN RETAILER SELLS
This week Company Last week This week Company Last week
1 BARCLAYS 4 1 XCITE ENERGY LTD 2
2 XCITE ENERGY LTD 1 2 YELL GROUP -
3 LLOYDS BANKING GP 2 3 LLOYDS BANKING GP 1
4 ROYAL BK SCOT GRP 3 4 GULF KEYSTONE PETR 5
5 YELL GROUP 10 5 ROYAL BK SCOT GRP 4
6 BRITISH SKY BROADCAST - 6 BARCLAYS 3
7 AVIVA - 7 BP 6
8 THOMAS COOK GROUP - 8 RANGE RESOURCES 8
9 GULF KEYSTONE PETR 7 9 GLAXOSMITHKLINE -
10 RANGE RESOURCES 6 10 SOLO OIL -

Darren Hepworth continues: "BSkyB entered our customers' top ten buys in sixth position this week as politicians put on a united front in calling for Rupert Murdoch's News Corporation to withdraw its £8bn bid for the broadcaster – which the media tycoon was ultimately forced to do. The bid was referred to the Competition Commission on Monday (11 July) and as a result, BSkyB's share price dropped, hitting a low of 687.50p on Tuesday (12 July), having closed the previous week at 811.75p.

"Elsewhere, the Eurozone debt crisis rumbled on with Chancellor of the Exchequer, George Osborne, stating that the UK is not immune to the recent economic turmoil, calling on European finance chiefs to come up with a plan to solve the crisis. Financial stocks remained popular with our customers however, with Barclays (BARC) rising to first place in the buys table. It leapfrogged both Lloyds Banking Group (LLOY), which fell from second to third and Royal Bank of Scotland Group (RBS), which moved to fourth place having been the third most popular customer buy last week.

"Thomas Cook Group (TCG) was a notable new entrant to the top ten buys, checking in at eighth place as its share price plunged below 87p having closed the previous day at nearly 122p. The slump came after the travel giant cut its full year profit forecast on Tuesday (12 July), which it put down to unrest in North Africa and a squeeze on consumer spending at home.

"Last week's top buy, Xcite Energy (XEL) dropped one place to second in this week's table, but moved from second to first in the sells, accounting for over 20% of all top ten sell trades. Second place Yell Group (YELL) was a new entrant as TD customers appeared to take the opportunity to cash in on the company's increased share price. The stock was boosted following an announcement on Tuesday (12 July) that it has formed a global strategic alliance with Microsoft with a view to helping expand its online operations."

The value of your investments can go down as well as up. You may not get back all the funds that you invest.

TD Waterhouse is the UK's leading execution only broker2 with trading rates starting from £8.95. Only 15 or more eligible trades per quarter are required to qualify for TD Waterhouse's frequent trader rates3.

For more information customers can log on to www.tdwaterhouse.co.uk.

To view, "Share Price Performance chart for British Sky Broadcasting Group," please visit the following link: http://media3.marketwire.com/docs/tdwaterhouse.pdf.

Notes to editors

Footnotes

  1. The Top Ten Buys and Sells should not be taken as a recommendation to buy or sell any particular bond or stock, and it is not intended to offer any form of advice. Instead it is simply an indication of the general buying and selling trends amongst some TD Waterhouse customers, observed during the period stated.
  2. Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at May 2011.
3. TD Waterhouse trading rates:
Platform Frequent trader Applicable after 15+ trades per quarter Standard
Online £8.95 flat rate £12.50 flat rate
Telephone The appropriate Online rate plus an additional £30 is payable on all Telephone Trades
Certificated The appropriate Online or Telephone rate plus an additional £40 is payable on all Certificated Trades

TD Waterhouse Frequent Trader Commission Rates

Frequent Trader Commission Rates work on a rolling monthly cycle, based on the number of trades executed in the preceding 3 calendar months. If you complete 15 or more eligible trades in the preceding qualifying 3 month period you will qualify for our Frequent Trader Commission Rates, from the start of the next month. For more information customers can log onto tdwaterhouse.co.uk.

TD Waterhouse - award winning service:
  • MoneyAM Online Finance Awards 2011
    • Best Online Execution-Only Broker (winner)
    • Best Online Overseas Trading Platform (winner)
  • FT Money / Investors Chronicle Awards 2010
    • Best Stockbroker for International Share Dealing (winner, 2nd year running)
    • Execution-Only Stockbroker of the Year (winner)
    • Online Stockbroker of the Year (winner)
    • Best Stockbroker for Costs (winner)
  • Daily Telegraph Wealth Management Awards 2010
    • Best Execution-Only Broker (winner)
  • Shares Awards 2010
    • Best International Share Dealing Service (winner)
    • Previous awards: Best Execution-Only Broker 2009, Best Online Trading Platform 2008, Best Online Broker 2007 & Best International Share Dealing Service 2006
  • YourMoney Awards 2010
    • Best Online Share Dealing Provider for the fifth year in a row (winner)
    • Best Direct Share Dealing Provider for the third year in a row (winner)

About TD Waterhouse:

TD Waterhouse is the UK's leading execution-only broker, servicing approx 200,000 UK customers with over £3.77 billion in customer assets (stocks and cash) under management. It is a subsidiary of the TD Bank Group (TD or the bank), the 6th largest bank in North America by branches. TD has 82,000 employees in offices around the world, serving 19 million customers with client assets of CDN$630 billion (as at 30, April 2011). † Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at May 2011.

TD Waterhouse provides UK investors with simple, fast and easy share dealing services - combined with high quality news and information from leading providers including Morningstar - to both active traders and longer-term investors. These include UK and international equity trading, Individual Savings Accounts (ISAs), Regular investment accounts, Self Invested Personal Pensions (SIPPs), Derivatives (CFDs, Forex and Futures) and Financial Spread Trading.

TD Waterhouse is authorised and regulated by the Financial Services Authority (FSA), 25 The North Colonnade, Canary Wharf, London E14 5HS (FSA registered number 141282), member of the London Stock Exchange and the PLUS market.

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