Revolut adds ‘Revpoints’ and financial market trading tools in bid to become money super app June 18, 2024 Revolut announced two new products, focusing on travel discounts and bond trading, on Tuesday as the fintech looks to diversify its revenue streams and achieve superapp status.
Retail traders care more about ‘finfluencers’ than their family April 30, 2024 Over a third of retail traders have said they would be more likely to listen to the advice of 'finfluencers' than members of their family.
CMC Markets raises income expectations on continued ‘positive momentum’ March 27, 2024 CMC Markets has raised its full-year income expectations after improved market conditions helped the online trading platform in the fourth quarter.
CMC Markets: Upgraded guidance remains but firm to shed 200 jobs February 5, 2024 The platform issued an update to markets this morning about a bid to "drive efficiencies and control costs", by cutting around 17 per cent of its headcount.
After a difficult 2023, outlook for online trading platforms brightens as retail investors return January 8, 2024 A number of trading platforms recorded exceptionally good years in 2021 and 2022 as people locked at home during Covid with nothing to spend money on took a punt on an increasingly volatile market.
CMC Markets: Tory peer’s listed trading platform appoints new CFO amid slowdown September 4, 2023 Online trading platform CMC Markets, owned by Tory peer Lord Cruddas, has appointed Albert Soleiman as its chief financial officer, replacing Euan Marshall. Soleiman first joined CMC in 2005, remaining at the company until 2019 when he joined Bitfury UK, a blockchain technology company, as global tax director. He rejoined the London-listed firm a year [...]
CMC Markets: London listed trading platform run by Lord Cruddas bids farewell to CFO July 7, 2023 Trading platform CMC Markets has announced the resignation of its group financial officer as a director. The company’s top exec, Euan Marshall, will be heading to IntegraFin Holdings as its new CFO, and ends his tenure at CMC in January 2024. A search for his replacement will commence soon, and the firm said he’ll remain [...]
CMC profits to hit £150m as retail traders look to capitalise on volatility October 6, 2022 Trading platform CMC Markets said it was expecting a jump in profits in the first half of the year after online traders poured onto its platform to try and profit from volatility that has rocked markets.
CMC Markets struggles to keep up with pandemic buzz as profits shrink June 9, 2022 Online trading service CMC Markets said operating income hit £282m, a 31 per cent decline from 2021, as the firm grapples with a decline in pandemic-related market activity. Profit before tax also fell by 59 per cent to £92m, compared to the pandemic boom in 2020 of £224m. Active traders on CMC also dropped from 76,591 [...]
What a difference a day makes: Markets go into full reversal mode as recession concerns grow May 6, 2022 What a difference a day makes? Having rallied strongly in the aftermath of the Federal Reserve’s decision to hike rates by 50bps on Wednesday evening, and not go harder, US stock markets went into full reversal mode yesterday, dragging European markets down with them. Bond yields also shot back up, with the US 10 year [...]