Barclays’ launches Spread Trading service

Barclays has launched an online gambling service focused on the financial markets. The Financial Spread Trading service, launch by its stockbrokers division, is aimed at the public. Users will be able to speculate on the movement stock market indices, currencies and share prices.

The service has been launched in partnership with City Index, one of the longest-running spread betting firms operating in the City.

Barclays decided to launch the service after research showed that 40% of its customers already use or plan to use a financial spread trading service.

The group claims it is a tax-efficient way for investors to potentially make a profit on both upward and downward movements in prices. Profits from spread betting are not currently subject to capital gains tax or stamp duty.




Chiefs quit at Cadillac as UK office is scaled back

Marketing Week

Cadillac and Corvette Europes UK managing director Malcolm Wade and head of marketing Alastair Welham have left the company after their roles were scrapped. Wade, a former Volvo marketer, was appointed to launch the marques UK office in April last year (MW April 14, 2005), and Welham joined in the marketing role three months later (MW July 20, 2005).

Heinz hands 10m ad account to McCann and M&C

Marketing Week

Heinz has appointed McCann Erickson and M&C Saatchi to handle its 10m advertising account in a blow to Beattie McGuinness Bungay, the only roster agency left in the pitch. McCann will handle the majority of the business, including baked beans and tomato ketchup, and M&C will work on the Amoy brand and new products.

Kellogg UK appoints managing director

Marketing Week

Kellogg UK has appointed Greg Peterson as managing director to replace Tony Palmer, who left last month to join Kimberly-Clark as chief marketing officer. Peterson, who has been with Kellogg for 15 years, was most recently managing director of the company’s Australia and New Zealand operations. He joined Kellogg as a product manager and worked […]


    Leave a comment