IG and CMC face 'collateral damage' from stricter CFD rules, warn analysts
6th Dec 2016 11:20
(ShareCast News) - Although IG Group and CMC Markets are not the intended targets of a clampdown by the Financial Conduct Authority's stricter rules for firms selling contract for difference products, analysts warned they would be receive collateral damage to revenues. The City of London watchdog is
Read moreFCA proposes stricter rules for CFDs and binary bets, IG and CMC plunge
6th Dec 2016 07:49
(ShareCast News) - The UK financial regulator is planning to clamp down on the sale by spread betting companies of contracts for difference (CFD) and binary bet products to less experienced traders, including limiting leverage and preventing companies from attracting customers with special bonus int
Read morePlus 500 sponsors Australian rugby team
5th Dec 2016 08:51
(ShareCast News) - Plus500, an AIM listed online service provider for retail customers to trade contract for differences (CFDs) internationally, has agreed to be the official sponsor for Australian professional rugby union team the Brumbies during the 2017/18 season. The Plus500 logo will feature on
Read morePlus500 hits record number of new customers
24th Oct 2016 09:35
(ShareCast News) - Plus500, an AIM-listed online service provider for retail customers to trade contract for differences (CFDs) internationally, experienced a 47% surge in new customers to 25,083 during the three-month period ending 30 September 2016. The number customers who deposited real money in
Read morePlus500 gets operating licence in Israel
30th Sep 2016 07:48
(ShareCast News) - Contracts-for-difference trading platform Plus500 has been granted a licence to operate an online trading platform for retail customers to trade CFDs by the Israel Securities Authority, the national securities regulator for the State of Israel. Plus500 said the award of the licenc
Read morePlus500 founders offload 15.5m shares
29th Sep 2016 09:13
(ShareCast News) - The founders of contracts-for-difference trading platform Plus500 have sold 15.5m shares in the company at 650p each, raising proceeds of £100.75m. Plus500 said the share sale reflects the founders' desire to diversify their investments whilst raising funds for personal reasons.
Read morePlus500 H1 results boosted by customer growth, Brexit volatility
5th Sep 2016 07:53
(ShareCast News) - Contracts-for-difference trading platform Plus500 reported a 25% jump in first-half revenue as net profit rose amid continued growth in active and new customers. In the six months to the end of June, revenue rose to $158.8m from $127m in the first half of 2015, as net profit incre
Read morePlus500 says not hit by Brexit volatility
27th Jun 2016 08:31
(ShareCast News) - Contracts-for-difference trading platform Plus500 said on Monday that trading since the last update on 18 April has continued to be robust and in line with its expectations, while the volatility that followed the Brexit vote has not adversely affected its financial position. Plus5
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreTuesday broker round-up
19th Apr 2016 13:51
(ShareCast News) - Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target. Greggs: Berenberg upgrades to hold with a target price of 1020p. Zoopla: Credit Suisse reiterates outperform with a target price of 340p. Plus500: Berenberg st
Read morePlus500 earnings fall offset by growing customer numbers
17th Feb 2016 07:41
(ShareCast News) - Contracts-for-difference trading platform Plus500 reported a drop in earnings for 2015, although the decline was less steep than it had expected as additional marketing and regulatory costs were partly mitigated by customer growth. In its preliminary unaudited results for the year
Read morePlus500 resumes onboarding of UK customers
6th Jan 2016 07:51
(ShareCast News) - Contracts-for-difference trading platform Plus500 has resumed the onboarding of new UK customers on Wednesday, having announced the approval to do so in December. The group was forced to stop taking on new UK clients in May last year and freeze existing trader accounts due to an i
Read morePlus500 gets OK to resume onboarding UK clients
11th Dec 2015 09:23
(ShareCast News) - Contracts-for-difference trading platform Plus500 has been given approval to resume onboarding new UK customers in January. "Plus500 notes recent inaccurate external comments and confirms that Plus500 UK is not subject to regulatory restrictions including preventing it from onboar
Read morePlus500 posts 44% jump in third quarter revenue
12th Oct 2015 07:54
(ShareCast News) - Trading company Plus500, which is in the process of being acquired by online gambling and betting group Playtech, posted a jump in third-quarter revenue as customer numbers and average revenue per user grew in almost all countries. For the three months ended 30 September, revenue
Read morePlus500 interim revenue up but profit hit by regulatory issues
27th Aug 2015 10:47
(ShareCast News) - Foreign exchange and contracts-for-difference broker Plus500, which is being bought by Playtech, posted a rise in interim revenue but a drop in profit as its second quarter was hit by regulatory issues. For the six months ended 30 June, revenue was up 20% from the first half of la
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