LONDON -- This morning, broker Investec awarded Imagination Technologies Group
No matter: A 9% fall was small beer for long-term investors, who have already seen Imagination deliver a 19-fold rise in just four years. And today those long-term investors were joined by a fair number of the retail clients of stockbroker TD Direct Investing, whose buying actions made the share the third-most popular purchase between the market's opening and noon. That said, the share is on a price-to-earnings ratio of 64 -- far too rich a rating for me, I confess.
The fifth-most popular purchase by the retail clients of TD Direct Investing between the market's opening and noon was an altogether more staid business -- well, these days at least. In short, Royal Bank of Scotland
Why? As with other banks, the Bank of England's 60 billion pound lending scheme is creating a positive backdrop, and a eurozone-inspired fall in the share price to 257 pence doubtless helped as well. But more particular, perhaps, was a speech by chief executive Stephen Hester. The bank is well on the way to full recovery, he told a City audience at a bankers' conference, predicting that dividend payments would resume next year.
The eighth-most popular purchase by TD Direct Investing's individual clients this morning was Aviva
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