Plus500: Expansion plans pay off as revenue jumps Fintech Fintech firm Plus500 said its expansion plans were paying off after reporting an increase in client numbers and higher revenue.
Volatility and new markets help Plus500 to ‘excellent’ first half Investing 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 [...]
IG Group profit sags as trading activity falls Investment 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 [...]
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.