Plus500 kick off with profit boost

Plus500, the newly listed spread betting firm, yesterday posted surging revenues and profits in its maiden results. The Israeli-based company, which listed on the junior stock market last month, said revenues were up 47 per cent and net profits 59 per cent versus a year earlier for the six months ending June. Chief executive Gal Haber said “particularly active financial markets” had helped boost the results. The company raised $75m in its share placing last month.