Acquisition
February 28, 2023 BY Steffy Bogdanova

PayPoint finalizes acquisition of Appreciate Group

Nick Wiles, Chief Executive Officer of PayPoint, commented: Work on integration is already underway, with an immediate focus on organisational alignment, building on the strong momentum in both businesses and unlocking commercial revenue enhancements. The acquisition is expected to be immediately earnings enhancing in FY24 and the Board believes it will deliver attractive returns for…

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Plus500 new share buyback program
February 28, 2023 BY Steffy Bogdanova

Plus500 commences a new $70 million share buyback program

The recent buyback program started after completing another $60.2 million buyback program in November. The Israeli-based broker said in the official statement: The purpose of this Share Buyback Programme is to further highlight the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the…

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Robinhood
February 28, 2023 BY Steffy Bogdanova

SEC subpoenas Robinhood over crypto listings

Robinhood said: To the extent that the SEC or a court determines that any cryptocurrencies supported by our platform are securities, that determination could prevent us from continuing to facilitate trading of those cryptocurrencies (including ceasing support for such cryptocurrencies on our platform). It could also result in regulatory enforcement penalties and financial losses in…

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February 27, 2023 BY Steffy Bogdanova

Equiti expands its UAE operations with an Abu Dhabi office

Mohamed Al Ahmad, Co-Founder & Chief Managing Director of Equiti Group, added: The UAE, with its capital Abu Dhabi, has a very strong economy and a solid financial infrastructure. This will allow us to attract more international investors to the capital. We are aware of how discerning and astute the investors in Abu Dhabi are.…

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February 27, 2023 BY Steffy Bogdanova

eToro to launch social sentiment portfolio in partnership with Sentifi

The allocation, which is based on ESG and social sentiment criteria, is rebalanced every month and comprises the top 10 S&P 500 stocks ranked by their lowest risk over attention-weighted sentiment score (AWSS). With a minimum investment of USD 500, investors can monitor their portfolio's performance using eToro's advanced tools and charts and stay informed…

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February 27, 2023 BY Steffy Bogdanova

DKK Partners expand operations in Dubai

DKK's Dubai operation has already secured its World Trade Centre Free Zone license and plans to obtain virtual assets licenses through VARA (Virtual Assets Regulatory Authority) in the near future. It will immediately begin trading and enable local businesses and the local economy to access FX services. Asia Salvatore, Head of Sales for DKK in…

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