British billionaire trader offers interns £26k a month September 4, 2025 A billionaire trader has said interns at his trading empire would be paid $35,000 (£26,000) as firms fight to snap up the best tech talent. Alex Gerko, boss of XTX Markets, is offering postgraduates a 12 to 14-week research internship where they could pocket between $105,000 and $122,500. The position, a role commanding four days [...]
Saxo nets bumper profit after surge in customers August 28, 2025 Saxo posted an adjusted net profit of DKK515m (£59.5m) for the first half of 2025, up from DKK508m. The company notched a new record of 1.4 million end clients as of June 30. Client assets reached DKK877bn, after a surge in new and existing client funding. The adjusted total income for the first half of [...]
Pound edges up against dollar after Trump’s latest Fed attack August 26, 2025 The pound gained from a turbulent US dollar trading session on Tuesday after the greenback was stung by President Donald Trump’s attacks on the Federal Reserve. The dollar index (DXY) – which tracks the dollar’s value against a basket of currencies – tumbled as much as 0.4 per cent as Trump said he had “sufficient [...]
Plus500 customer deposits more than double to record $3.1bn August 11, 2025 Plus500 has seen its customer deposits more than double to a record $3.1bn (£2.3bn) as wealthy investors piled in to its share trading app. The London fintech said the average deposit held by an active customer stood at $17,250 by the end of the first half of the year, a jump of 105 per cent [...]
TP ICAP shares fall despite revenue growth August 6, 2025 Interdealer broker TP ICAP Group reported record revenue growth in the first half of the year, supported by strong broker productivity, cost control, and strategic diversification. The firm recorded adjusted revenue of £1.22bn, up seven per cent, driven by momentum in its global broking and Liquidnet divisions. The global broking arm was the business’s best [...]
City traders’ Libor rate-rigging criminal convictions quashed by Supreme Court July 23, 2025 Former City traders convicted of the rate-rigging scandal have had their criminal charges overturned by the top UK court after years of fighting.
The Debate: Should the London Stock Exchange open 24-hour trading? July 23, 2025 Could 24-hour trading revive the London Stock Exchange? We get two market experts to go head to head in this week's Debate.
Plus500 profit rises amid expansion drive July 7, 2025 Fintech firm Plus500 has reported a rise in quarterly profit as it continued an expansion drive into markets including Canada, the UAE and India. Quarterly earnings before interest, taxation, depreciation and amortization (EBITDA) increased 12 per cent to $91.3m (£67m) on revenue of $209.3m. Plus500 said active customers on its platform had jumped to 132,602 [...]
On this day: May 26 1896 — the first Dow Jones Industrial Average is published May 26, 2025 Charles Dow was a financial journalist with a rare gift. A high school dropout from rural Connecticut, he was able to explain the arcana of investment, stocks and bonds in clear, straightforward terms. In 1882, he and two other journalists, Edward Jones and Charles Bergstresser, founded Dow Jones & Company Inc. in a basement at [...]
Pepco to sell off Poundland business by September – for £1 May 22, 2025 Discount giant Pepco is set to sell its Poundland business by September as the brand struggles with high costs and low sales. In an update to markets this morning, Pepco said Poundland continued to see “challenging trading conditions” with revenue down 6.5 per cent in the first half of the year. The discount chain now [...]