Govt Re-revises Public Holding Norms By: Anjali Shukla | - The government has exempted the public sector undertakings (PSU) from the 25% public float norm. The PSUs will now need to maintain a minimum public float of only 10%. However, the norm remains unchanged for the private players with the exception that they will now have the flexibility to choose the manner to reach the 25% threshold, against the annual 5% increase as per the current rules.
Spread Betting Review | Which Banks Will Be Nationalised? By: Paddy Power | - Only three months ago, Gordon Brown claimed that he had saved the banks. Unfortunately its looking increasingly likely that he is going to have to save them again, this time by taking some of them into public ownership. With the UK short selling ban now revoked, you can short the UK banks and make a lot of money if nationalisation does occur.
