December 17, 2010

Scottish Companies Do It Better Than UK Rivals

By Planet Wealth

pNew research by IG Group, the London-based a href=http://www.igindex.co.uk/ target=_blankfinancial spread betting/a and a href=http://www.igmarkets.co.uk/ target=_blankCFD trading/a company, says that the top Scottish companies outperformed the leading UK companies over the last eighteen months./p
pIG Group have been compiling data on Scotlands foremost companies since January 1 2009, and has marked it the Scotsi Index.. The index consists of 27 Scottish-headquartered firms, excluding Royal Bank of Scotland, purposefully left out due to the dominating size of its market capitalisation./p
pThe a href=http://www.igindex.co.uk/ target=_blankScotsi/a Index has risen by 24.7% since 1 January 2009, over the same period the FTSE 100 place on 8.8%../p
pThe top performers in the Scotsi are:/p
ul
listrongAggreko/strong, the generator hire firm with 3500 permanent employees and also a member of the FTSE 100 saw its shares soar 48.7% in the first six months of 2010/li
listrongWeir Group/strong, the Glasgow-based engineering solutions company which operates in forty countries and employs 9000 people worldwide wasnrsquo;t far behind enjoying a 46.2% increase in the same period./li
/ul
plsquo;Aggrekorsquo;s shares jumped about 20% in the first half of June on a significant earnings guidance upgrade and presumably its bid for Chloride has also helped. Weir has just been a excellent news tale ndash; sales up, earnings guidance always seeming positive.rsquo; commented Mike McCudden head of IG Grouprsquo;s Scottish operations./p
pAlso performing well in the first six months of 2010 were the oil and gas companies Cairn Energy (+21.1%) and Dana Petroleum (+20.2%) and so too A. G. Barr ndash; the soft drinks giant and the maker of the iconic IRN-BRU drink ndash; whose shares were up 18.3%./p
pThe Scotsi is only indicative and is not tradable in its own right./p
pIG Group has two main brands. IG Index was the worldrsquo;s first financial spread betting company established in 1974. nbsp;While IG Markets is the UKrsquo;s number one CFD provider according to a report by research organisation Investment Trends./p

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