Drax hikes dividend despite profit dip amid power station update Energy Drax has told investors it was close to agreeing a controversial contract with the government for its wood pellet power station after hiking its dividend despite revealing falling profit. The London-listed group said the energy transition was “creating significant value opportunities aligned with the UK’s energy needs” in an interim update in which it revealed [...]
IG Group: Revenue jumps as volatility returns to markets Markets Trading and investment firm IG Group has reported a 12 per cent jump in total revenue to £268m for the third quarter of its financial year (three months to 28 February 2025), as stronger market conditions and increased client activity drove growth. Trading revenue rose 15 per cent year-on-year to £235.3m. Trading in over-the-counter (OTC) [...]
Plus500: Expansion plans pay off as revenue jumps Fintech Fintech firm Plus500 said its expansion plans were paying off after reporting an increase in client numbers and higher revenue.
Volatility and new markets help Plus500 to ‘excellent’ first half August 19, 2024 Plus500, the spread betting and CFD provider, has reported an “excellent” start to its financial year. For the year to 30th June, the company reported revenue of $398.2m (£307m) up eight per cent year on year. The company also reported earnings before interest, tax, deprecation and amortisation (EBITDA) of $183.9m (£142m) for the period, up [...]
IG Group profit sags as trading activity falls July 25, 2024 IG Group’s revenue sagged three per cent over the last year as the firm struggled to bring in new traders to its core business as market volatility remained subdued. In its results for the year to 31st May, the group said net trading revenue in over-the-counter derivatives (OTC) such as contracts for difference (CFDs) and [...]
Institutional clients help CMC Markets report bumper profit June 20, 2024 CMC Markets hailed its diversification into institutional clients as the reason behind the bumper results.