FTSE 100 tumbles back as UK opening pauses London-listed shares tumbled last week, with the FTSE 100 sinking by 3.7%, taking its year-to-date loss back past 20%. The postponement of further easing of lockdown restrictions in England was one factor affecting sentiment, as was the news that the Eurozone economy shrank at its fastest rate…
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Rahul Agarwal, Managing Director for private clients UK, stated: ITI has always offered FX trading as a service to Elected Professional clients. However, given the current climate, and with our new acquisition of SVS Securities’ client book, we are developing and upgrading this offering so that it is more capable than ever, and will appeal…
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Joe Mrak, Global Head of Wealth Management at Refinitiv, said: In what continues to be an eventful year for Refinitiv’s Wealth Management group, I am pleased to share the news of our acquisition of ASI. The digital capabilities that ASI brings to our existing Refinitiv Digital Investor platform perfectly complement our growing suite of widgets…
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Glenn Stevens, CEO of GAIN, commented on the transaction: As a result of this combination, GAIN’s customers will benefit from a richer product offering, as well as the expanded resources and greater scale of the combined firm. StoneX, in turn, will add a new digital platform to its global financial network, significantly expanding its offering…
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In the first half of the year, Admiral Markets also set a record growth of new customers with 260% increase since the previous year. Bogatenkov explained: Admiral Markets is today a financially secure company, offering its customers a successful partnership. Our focus is on aggressive clients’ growth. As a digitally developed company, one of the…
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FTSE 100 back below 6,000 on struggling banks and US economic woes Financial firms led the FTSE 100 2.3% lower on Thursday amid profit warnings from Lloyds Bank, the UK’s largest retail bank, and jitters caused by dire GDP data from Germany and the US. The FTSE 250 meanwhile was down a more modest 1.3%.…
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Global broker CAPEX.com, operated by Key Way Markets Ltd, announced receiving a retail license from the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This will enable CAPEX.com to expand its value proposition across the Middle East while providing regional investors with an online trading platform underpinned by a customer-centered and education-oriented approach.…
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Credit Suisse also announced structural changes including setting up of a global investment bank unit combining its global markets and investment banking divisions. The bank will also a new savings program of about 400 million Swiss francs per year from 2022. Thomas Gottstein, the chief executive officer said: I am certain that the measures we…
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PayPal CEO says ‘no going back’ from pandemic induced e-commerce surge Boeing’s earnings report appeared to take airline stocks down with it yesterday, as American Airlines and United Airlines both sank by around 3% on a day where the broader market soared. The Nasdaq Composite was up 1.4%, helped higher by names including AMD, PayPal…
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EUROPEAN SHARES European contracts traded lower on Thursday as market sentiment remains uncertain ahead of today’s slew of corporate results. The Fed’s extremely dovish tone yesterday was already largely priced in and didn’t lead to extreme price action on stock markets. Even though Jay Powell pledged to keep the macro environment extremely accommodative using all…
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