Next upgrades guidance again as the company welcomes ‘new phase’ September 19, 2024 Retail industry bellweather Next has upgraded its guidance by £15m after sales and growth “exceed expectations”, while it vies for £1bn in profit. The retailer upgraded the profit guidance it issued on 1 August by £15m, to £995m, “as a result of the strength of our full price sales over the last six weeks”. This [...]
Essentra in ‘grave danger’ of losing FTSE 250 spot as shares crater on lowered expectations September 17, 2024 Essentra, lowered its 2024 full year operating forecast, as its shares cratered by almost 20 per cent this morning. The company lowered its expectations, from the previous range of £48.4m-£49.7m to an estimated operating profit of £40m – £42m. This was put down to the impact of adverse foreign exchange translation of around £2m. Following [...]
IG Group: August’s market meltdown boosts revenue September 12, 2024 IG Group has reported a jump in quarterly revenue after a worldwide meltdown in financial markets last month gave its clients more opportunities to trade.
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 [...]
Revolut and CMC Markets partnership up and running July 25, 2024 The partnership between CMC Markets and Revolut had already kicked off, with reports that some Revolut clients are already live and trading.
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 [...]
Plus500 on track despite distracted Euro 2024 traders slowing activity July 8, 2024 Retail trading platform Plus500 has weathered the Euros storm and expects to deliver results in line with markets expectations.
SEC chief tells UK to set a firm deadline for T+1 trading settlement transition June 21, 2024 The head of the US Securities and Exchange Commission (SEC) has told the UK to set a firm deadline on when it will transition to a new share-trading settlement regime.
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.
Watch out FTSE 100: Bloomberg is coming after ‘entrenched’ players April 30, 2024 The indices were launched last month in the UK as well as France, Germany, Italy and a range of other countries around the world.