Hi Fregatr, the FTSE futures were reset after Friday so they are still about 25 points or so down from Thursday's UK close of c6,833...but yes, still a slight overnight improvement nevertheless. In reality this will move again during today, no doubt reacting to Wall Street, which is open unlike London today. ATB.
I never mentioned 50 million, I simply said there had been a constant flow of bad news and the chart looked like it could go lower. I said a couple of weeks ago that I was hoping for an entry at 2-210 level simply asked if others thought this was viable, like I said I am looking for an entry so expecting it to do well in the long term. I think I will sit on the side lines for a while. I wish you all luck.
Yep. These cases tend to be driven by 2 key factors - "private or retail" question; and then on the "sophisticated" -v- "non-sophisticated" investor question - looks to me like they're trying to blame the bank for their own decisions around the financial collapse at the time. Either way, as I stated before, the values in question are so small that it will have next to no effect on the SP in IMO.
Barclays is fighting the case and has argued in its defence that Tuvana knew what it was doing and is seeking to blame Barclays for its own mis-judgement over the commercial property market as the financial crisis unfolded. “Without any justification or valid basis, Tuvana now seeks to visit the consequences of these events upon Barclays,” the bank says. The case has yet to go to court and may end up being settled before the hearing starts.
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