Shelbourne Markets shareholders wiped out' following sale to ETX

Investors in Irish spread-betting company Shelbourne Markets expect their stakes to be worthless following its sale to British operator ETX.

Investors in Irish spread-betting company Shelbourne Markets expect their stakes to be worthless following its sale to British operator ETX, several have told The Sunday Business Post.

Shareholders include the Central Bank’s stockbroking watchdog Michael Hodson who has a circa 4 per cent share held in a blind trust, and several other former Merrion Capital executives.

Most of the 13 staff at the spread betting company are to be made redundant.

“The business ...