London Capital profit declines
22nd Aug 2012 08:47
Shares of spread betting firm London Capital Group fell after it reported a drop in half yearly profit as it pursues a settlement strategy for outstanding FOS claims. Pre-tax profit fell to £0.15m in the six months ended 30 June 2012 from £2.69m a year before following recognition of additional p
Read moreLondon Capital hit by low volumes
10th Jul 2012 08:21
Shares of spread betting firm London Capital Group plunged 10 per cent on Tuesday as it said it expects to report adjusted pre-tax profit of £2m for the six months ended June 30, down from £3m a year earlier. This is stated before recognising a charge for share based payment expense and a provisio
Read moreLondon Capital milking market volatility
22nd Feb 2012 10:23
Market volatility in the second half of 2011 was a boon to spread betting firm London Capital Group (LCG) as it registered record trade volumes. Full year revenues jumped 13% to hit £39.0m, up from £34.5m in 2010, as clients chanced their arm in volatile markets. Adjusted profit before tax rose 9%
Read moreRise in volatlity good news for London Capital
18th Aug 2011 11:48
Spread betting firm London Capital is enjoying the current market volatility, with the company setting new records in daily trade volumes and account opening. Reported pre-tax profits for the half year were up from £0.85m to £2.69m, while adjusted profit before tax - which excludes various charges
Read moreLondon close: Carnival sinks
22nd Mar 2011 16:57
A confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.
Read moreUnderlying profits rise at London Capital
22nd Mar 2011 16:44
The share price of spread betting firm London Capital has taken a battering since Irish bookmaker Paddy Power dropped it as a partner but it clawed back some of its losses Tuesday after well received results. Total revenue in 2010 rose by a quarter to £34.5m from £27.6m in 2009, while adjusted pro
Read moreLondon close: Shares give up gains as Libya worries persist
7th Mar 2011 16:39
Shares closed in the red having spend most of the day in the blue after recovering from a weak start. Once again, the Libya turmoil has been casting a shadow. Oil prices are still an issue. Light crude rose to a 30-month high above $106 on Monday as fighting rages in Libya while reports that the un
Read moreLondon afternoon: Stocks consolidate gains
7th Mar 2011 14:18
Shares came off the top at the beginning of the afternoon before recovering some of their poise toward the end of the lunch time session as futures markets indicated a moderately firm start in store on Wall Street. Oil prices are still an issue. Light crude rose to a 30-month high above $106 on Mon
Read morePaddy Power dumps London Capital
7th Mar 2011 07:28
Capital Spreads owner London Capital (LCG) has suffered another blow as Irish bookmaker Paddy Power has dropped it as a partner and pulled out of financial spread betting altogether. Paddypowertrader represents 17% of active clients of LCG. Paddy Power warned LCG it was reviewing its financial spre
Read moreSmall cap round-up: MTI Wireless, Safestore, London Capital
1st Mar 2011 10:59
An update from antennas for broadband manufacturer MTI Wireless saying that it has uncovered unexpected costs of $350,000 (£216,000) in the final quarter of last year got a bad reception from the market. "Consequently, the board now expects that the full year pre-tax result for the year ended 31 De
Read moreLondon Capital delays results
21st Feb 2011 12:09
London Capital Group (LCG), better known as Capital Spreads, has postponed tomorrow's full-year results as the spread better tries to decide what provision to take following a recent ruling against commission rebating. The company has already been fined £100,000 for losses suffered by a client two
Read moreLondon Capital flags possible £7.7m Integrity liability
14th Feb 2011 11:50
Spread betting firm London Capital Group (LCG) has been fined over £100,000 for losses suffered by a client two years ago, but that could rise as high as £7.7m. The Financial Ombudsman Service (FOS) has ordered the firm to pay £0.1m plus interest to compensate a client who'd put money into the Inte
Read moreLondon Capital on course
11th Jan 2011 08:11
Spread better London Capital is on track this year after account numbers, average daily trade volumes, and net revenue per active client all picked up in the second half of 2010. The Aim-listed firm added it is responding to a query from the Financial Ombudsman Service relating to commission rebati
Read moreLondon Capital helped by volatility
7th Jul 2010 18:08
Spread betting company London Capital Group says that increased volatility in the second quarter has helped it generate better than expected first half revenues. First half pre-tax profits will increase from £3.3m to £4m, although that excludes the £3.2m write-down of capitalised software costs.
Read moreLondon Capital Sees 1H Pretax Profit At GBP4.0M
7th Jul 2010 14:09
LONDON (Dow Jones)-- London Capital Group Holdings Plc (LCG.LN), a financial services and online spread betting company, announced Wednesday for the six months ended June 30, that pretax profit and share based payment expense are expected to be in the region of GBP4.0 million, which is ahead of the
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