Thursday, February 13, 2014
Colyton Grammar School team show The City how it’s done - but sadly their profit was only on paper
Making a profit of nearly £10,000 on virtual share dealing has won a team of students from Colyton Grammar School a place in the next round of a nationwide money-making contest.
Will Wilson, Henry Simmons, Jake Hallam and Harry Williams, from Year 13, competed in the Institute of Financial Services (IFS) Student Investor Challenge alongside 30,000 students from across the country.
The team, dibbed ‘Will Wilson’s Merry Men’, made more than £9,000 in just three months of trading in virtual shares, outperforming the FTSE 100 share index in doing so.
They are due to represent the school at the South west and Wales regional finals in Bristol next month.
Head of Business Studies at the school, Nicola Rew said: “This is a fantastic achievement - we are eagerly anticipating the finals.”