Plus500 shareholders vent fury as UK customers accounts stay frozen May 27, 2015 Under fire spreadbetter Plus500 was forced to defend itself against angry shareholders yesterday as it admitted all UK customers were frozen out of their accounts. The Israeli business, which has plummeted in value since the financial watchdog clamped down on its controversial customer recruitment practices, admitted in its annual meeting it has lost about $4m [...]
Plus500 share price gains as company defends “sustainable business model” May 27, 2015 Plus500's share price has risen by more than seven per cent in morning trading after the firm insisted it had a "sustainable business model" in a statement to the stock exchange. The Israeli-based spreadbetter is holding its annual general meeting today where it is expected to give further details about how recent freezes on some its [...]
Spreadbetter Plus500 bounces higher ahead of crunch shareholder meeting May 26, 2015 Crisis-hit spreadbetter Plus500 won the backing of top shareholder Odey Asset Management yesterday, ahead of a crunch meeting of shareholders today in London. An Odey fund run by James Hanbury added another tranche of shares to its holdings, taking the company’s ownership of the firm past 19 per cent, amid a broad-based rally in [...]
Plus500 suspends shares after it suffers a shorting attack May 22, 2015 Beleaguered spread-betting firm Plus500 today suspended trading in its shares on London's junior market, following a sell-off sparked by a hedge fund's blog post which said it was shorting the company's stock. US hedge fund Cable Car said it was shorting the trading platform with a price target of 76 pence per share. This sent the [...]
Plus500 says UK accounts may unlock today after temporary ban sent share price plunging May 19, 2015 Odey Asset Management has lifted its stake in beleaguered spread-betting firm Plus500 to 14 per cent, as the forex trading website says it will begin to unlock frozen UK accounts as early as today. The Israel-based tech firm was rocked on Monday when it announced it was temporarily banning UK customers from trading or [...]
Plus500 share price plummets as scores of UK accounts are frozen May 18, 2015 Panicked stock market traders fled from spreadbetter Plus500 yesterday, after the group froze thousands of trading accounts held by UK investors, wiping more than £300m off the value of the company. The Israeli-based tech firm, which lets punters bet on asset price movements through CFDs (contracts-for-difference), said it was temporarily banning UK users from [...]