Plus500 shareholders approve Playtech offer
16th Jul 2015 15:53
(ShareCast News) - Contracts-for-difference trading company Plus500 said its shareholders have agreed to Playtech's 400p per share offer. Plus500 said 93.4% of the votes cast at the special general meeting were in support of the offer, representing 71.8% of the company's total voting power. Still
Read morePlus500 posts weak second quarter as "high level of regulatory scrutiny" continues
9th Jul 2015 10:02
Online retail broker Plus500 reported a decline in revenues during the second quarter of the year and said for the full-year its margins would be "significantly" lower but revenues to be "similar" to 2014 as it invests to acquire new customers. The Israel-based company put the slight dip in sales d
Read morePlus500 unlocks customers accounts after UK regulator probe
9th Jun 2015 08:00
Online forex broker Plus500 said on Tuesday 8,457 customer accounts have been fully reviewed and unfrozen after being forced by UK regulators to freeze them due to concerns about the laxity of its customer registration process. The group, which was acquired by Playtech for £459.6m last week, also st
Read moreLondon open: Ahead of US data, stocks pare gains on Greek worries
1st Jun 2015 08:24
Stocks pared strong early gains ahead of a raft of US economic data scheduled for release in the afternoon amid continued worries over the situation in Greece. As of 08:56 the FTSE 100 was higher by 24.21 points to 7,008.64. The top flight index snapped higher at the start of the session following
Read morePlaytech acquires troubled Plus500 in £459.6m cash deal
1st Jun 2015 07:24
Spread betting firm Plus500 has been snapped up by FTSE 250 listed gaming company Playtech in a £459.6m cash deal. The 400p-a-share price tag values the troubled business significantly below what it was worth prior to its recent difficulties, which have seen the UK financial watchdog scrutinize the
Read morePlus500 sales slump as board faces AGM fury as it rejects "baseless" blog allegations
27th May 2015 10:06
A trading update from online forex broker Plus500, which lost two-thirds of its value last week on concerns for its financial health, faced angry questions from shareholders at its annual meeting but stated that although sales fell in the second quarter it continued to recruit new customers despite
Read moreLiberum reiterates Plus500 'buy' in face of short selling attack
22nd May 2015 13:58
After shares in online forex and CFDs provider Plus500 bombed 66.6% over the week, Liberum has reiterated a 'buy' rating on its client's shares, arguing the company's regulatory issues were rapidly being addressed. On Friday afternoon the AIM-company made an announcement, which released its shares f
Read morePlus500 tanks on Cable Car short position take-down
22nd May 2015 09:42
Shares in online retail-focused brokers Plus500 fell by more than a third on Friday morning as investors grew increasingly concerned about its finances, leading to shares in sector peer TechFinancials also suffering. Shares in Plus500 were down by 37% by 10:00 while Techfinancials was down 11%. Plu
Read morePlus500 suspended after shares hit by US hedge fund Cable Car Capital's short position
22nd May 2015 09:42
Shares in online retail-focused broker Plus500 were suspended on Friday after falling by more than a third on the day and around 70% over the week due to speculation about regulatory issues and after several major short positions came to light. Shares in Plus500 were down by 37% by 10:00 BST, with s
Read morePlus 500 could lose half of UK customers says broker
19th May 2015 08:01
After online broker Plus500 suspended more than half of its UK customer accounts due to new anti-money-laundering checking processes, its house broker has assumed between a third and half of customer could leave. Around 50% of group revenues are derived from customers trading via Plus500's UK subsid
Read morePlus 500 shares sink after suspending some accounts
18th May 2015 14:20
Shares in Plus 500 plummeted on reports it has suspended some accounts pending verification that they meet UK anti-money laundering regulations. As of 13:49 shares in the London-listed Israeli-based contract for differences (CFD) outfit were lower by 14.13% to 644p. Earlier in the day the broker ha
Read morePlus500 posts positive Q1 thanks to "exceptional" Swiss franc movement
16th Apr 2015 12:17
Plus500, an online service provider for retail customers to trade internationally, said its full-year results are in line with expectations. The company reported a 35% increase in revenues to $82.1m during the first quarter of the year. It also saw the number of new customers grow 63% to 32,880. Pl
Read moreThursday tips round-up: British American Tobacco, Plus500
23rd Oct 2014 06:58
Reported revenues at British American Tobacco dropped by 9.6% over the first nine months of the year as the value of sales was hit by a strong pound and volumes dropped 3%. That should however have already been known to the market. What may not have been accounted for yet and which would explain yes
Read morePlus500 revenues surge on more volatile markets
22nd Oct 2014 10:24
Trading platform Plus500 saw third quarter revenues increase 23% on the previous quarter and 181% compared to the same period last year thanks to increased market volatility. Revenues of $56m in the quarter were ahead of forecasts, reflecting an 18% increase in the number of new customers on the sec
Read moreTuesday broker round-up UPDATE
12th Aug 2014 09:25
African Barrick Gold: Investec ups target price from 212p to 260p upgrading from sell to hold. Al Noor Hospotals: Jefferies cuts target price from 1155p to 1125p and maintains a buy recommendation. Aquarius Platinum: Citi shifts target price from 22p to 26p and keeps a neutral rating. BHP Billito
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