Shropshire Star

Semi-final place for shrewd Shrewsbury investors

A team of four students from Shropshire has outperformed the FTSE 100 share index and secured its place in the semi-finals of a national investment competition.

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In doing so, the market manipulation team at Shrewsbury School beat not only the professionals, but also more than 30,000 other students across the UK in the ifs Student Investor Challenge.

Students Ed Plaut, James Parsonage, James Plaut and Max Yale made more than £25,000 dealing in virtual shares in three months of trading and will now represent their school at the semi-final, to be held in March.

If successful at the semi-final stage, they will have the chance of making it through to the national final in April where an all expenses paid educational trip to New York and £2,000 for their school is up for grabs.

The competition gives teams £100,000 of virtual money to buy and sell shares in FTSE 100 companies.

Colm Healy, head of business studies at Shrewsbury School, said: "It has been a great education for the students involved, allowing them to get to grips with the stock market and how it works."

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