Soaring a little higher

During this difficult time of financial uncertainty, it is nice to be able to report a company that has been suffering a little less than others. European aerospace group EADS, which is the parent company of Airbus have conveyed that profits of £1.45bn were made in 2008 despite miserable losses during 2007.

2008 saw EADS beating their chief rivals Boeing with regards to their output productivity and despite this hard work paying off, the rise in profits for the fourth quarter of 2008 were considerably down to cutting costs.

"We made significant headway in reshaping the company," said Louis Gallois, EADS Chief Executive.

Although 2009 would be "challenging", he said that 2009 profits would be "significantly positive".

EADS is therefore a company to be mindful of if their recent history is to be regarded and if you are considering opening a spread betting account or, already have an account and are looking for a relatively ‘safe’ company to wager on, this is perhaps the company to watch over.

Of course, with all types of financial gambles and investments there are risk warnings, although the temptation of tax free cash winnings are there for the taking, it has to be kept in mind that losses are as possible as winning. Think carefully before you take any chances and only gamble with money you can afford to ‘play with’.