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TD customers play Game Group

15th March 2012 Print

Stuart Welch, CEO, TD Direct Investing comments: "Game Group Plc (GMG) was a new entrant to our customer's most popular trades tables this week, taking 10th spot in the buys and eighth in the sells after its CEO announced plans on Monday (12 March) to put the company up for sale. Game Group saw its share value fall by two thirds from a Friday (9 March) closing price of 3.51p to 1.193p by close on Monday, the company adding that its future was in the balance after it failed to close deals with key suppliers. Meanwhile, the FTSE 100 closed the week ending Monday, 12 March at 5892.75 as buys among our customers increased by 67% week on week.

"Gulf Keystone Petroleum (GKP) regained pole position in both TD's buys and sells tables this week, accounting for nearly a third of top ten trading overall and carrying a buy:sell ratio of 1.8:1. The AIM-listed oil explorer's share price fell by as much as 33.5% to a low of 226p on Tuesday, 6 March as an Iraqi government spokesman cast doubt on whether oil giant Exxon Mobil Corporation (XOM) would complete a deal to enter the Kurdistan region in which Gulf Keystone is focused.

"Meanwhile, Barclays (BARC) entered our customer's buys table in fourth place as it was revealed last week that its CEO Bob Diamond received a £17.7m pay package, despite admitting the bank's performance in 2011 was unacceptable. Barclays dropped seven places to ninth in the sells as TD customers bought three shares in the banking giant for every one they sold, appearing to take advantage of the company's share price which fell by nearly 7% to 236.65p in the week ending Monday, 12 March."