News Release
Schools show businesses the way to success
in Virtual Trading Challenge
Schools from across Cornwall have left leading businesses in their wake as a virtual stocks and shares competition reaches the halfway stage.
The Virtual Trading Challenge, which is organised by independent financial advisers, Worldwide Financial Planning, is now in it’s third year.
Originally run in schools across Cornwall the competition, which sees teams compete to make the greatest return on a virtual £100,000, opened to businesses for the first time this year.
And out of the six business organisations taking part only one, Cornwall Learning Education Business Partnership (CLEBP), is currently in profit.
“The schools have once again shown that they have a really good understanding of the competition and investing in the stock market,” said Worldwide’s managing director, Peter McGahan.
“For the past two years most of the teams have outperformed the country’s leading fund managers, so it’s not surprise to see them currently beating some of Cornwall’s leading business organisations.
“Out of the top ten teams at the moment only one business, CLEBP, is listed, so if I were the other businesses I’d take some time over Christmas to take a look at my portfolio and see how I can try and get back in the competition!”
Currently leading the way in the competition is Callington B team, who have returned just over eight percent.
They are closely followed by Launceston A, Helston A and Falmouth Business.
Kate Whetter from CLEBP, which help to organise the competition, said: “It’s great that we find ourselves top of the business league, but we’ve got a lot of work to do if we’re to catch up with the leading schools.
“Working on the project I get to see the enthusiasm and commitment the pupils, the teachers and the schools put into the competition every week, so it is no surprise that they are leading the way.”
Other businesses taking part in the competition, which ends in March 2010 include ECIF, MPAD, Stephens Scown, Unlocking Cornish Potential and YTKO.
For more information on Worldwide Financial Planning please contact Peter McGahan on 01208 816667 or visit www.wwfp.net.
Ends
17 December 2009
Press release distributed on behalf of Worldwide Financial Planning by mpad.
PR in Cornwall
For further information please contact:
Mark Picken,
mpad,
Tel: 01872 321533
Mob: 07866 860363
Email: mark@mpad.co.uk