Plus500 launches $60.2m share buyback after jump in profits Plus500 FTSE 250 fintech firm Plus500 said its profits had surged to $312.6m in the first six months of the year as it unveiled a bumper buyback programme to put excess cash back in shareholders’ pockets. Bosses said pre-tax profits had jumped to $312.6m in the six months to the end of June, up from $188.7m [...]
Plus500 profits soar as bosses hike full year guidance Plus500 London-listed fintech Plus500 said it was expecting annual revenues and profits to sail past market estimates today after a bumper period in the first half of the year boosted by market volatility.
FTSE 250 fintech firm Plus500 seeks to woo investors ahead of AGM Fintech Fintech giant Plus500 has told investors it has made “substantial progress” in pursuing its strategy, as it prepares for the start of its annual general meeting (AGM) later this morning. The AGM will see Plus500 investors asked to vote on 20 separate resolutions, including on plans to launch a major share buyback scheme and boost [...]
Plus500 quarterly earnings drop as pandemic volatility wears off April 13, 2021 Plus500 today reported a fall in core earnings for the first quarter as the online trader struggled to match up to a tough comparative last year when market volatility shot up. The company’s quarterly revenue fell 36 per cent to $203.2m, while core earnings almost halved to $121.7m. However, the London-listed firm added almost 90,000 [...]
Plus500 appoints former JP Morgan bigwig as new chairman March 25, 2021 Plus500 today said it has appointed the former head of JP Morgan Professor Jacob Frenkel as its new chairman. The online trading platform has proposed for Frenkel to succeed current chair Penny Judd following the company’s annual general meeting on 4 May, subject to shareholder approval. Frenkel has built a reputation as one of the [...]
Pandemic sees Plus500 revenue surge in lockdown July 7, 2020 Contracts for difference firm Plus500 had a record number of active customers in the first half of 2020, leading to an almost fourfold increase in revenue. The trading update also revealed that Plus500 has hired David Zruia will be the company’s permanent chief executive after holding the role on an interim basis since April. The Israel-based [...]
Plus500’s 2019 profits sink after regulatory crackdown February 12, 2020 Plus500 revealed plummeting profits for its 2019 financial year today, but said market volatility boosted trading volumes in the second half. The figures Earnings before interest, tax, depreciation and amortisation (Ebitda) sank 62 per cent year on year from $506m (£390.2m) to just $192.3m. Two-thirds of that was booked in the second half of the [...]
Plus500 shares continue to slide as broker questions ‘disturbing’ error in annual report February 18, 2019 Shares in online trading platform Plus500 slid a further 10 per cent today as the fallout from its $103m accounting error continued. On Friday the company said that a statement in its 2017 annual accounts saying that it suffered no losses from client trading was a “drafting error”. Read more: Plus500 shares plummet for second [...]
Plus500 shares plummet for second successive day after revelations of accounting error February 15, 2019 Plus500's share price suffered a second day of decline after it admitted a $103m accounting error which may have misled investors. Shares fell to a 13-month low on reports that investors may have been misled by the firm's 2017 annual accounts, which stated it suffered no losses from client trading. Plus500 today admitted that was a "drafting error" and [...]
Plus500 shares plunge 30 per cent as broker warns of 2019 earnings hit February 12, 2019 Plus500's share price collapsed in early trading despite almost doubling profits in 2018, as it issued a major profit warning for the current year. The online broker's stock fell by as much as 36 per cent in early trading, from 1,635p at yesterday's close to 1,053p this morning, as it warned that stricter regulations will [...]