CMC Markets Plc (LON:CMCX), a leading global provider of online retail trading, today issues its interim management statement for the period from 1 April to 30 June 2016. The Group continues to make good progress against its strategic plan since the start of the year, with continuing strong levels of active clients and client applications…
Read moreNewly-public CMC Markets Plc (LON:CMCX) has issued its first Trading Update as a public company, and it looks fairly good. The leading Forex, CFD and spreadbetting broker has a March 31 year end. For its end of year quarter (January-March) CMC stated that trading activity has been 'in-line with expectations with the recent market volatility…
Read moreCMC founder Peter Cruddas has led a very nice turnaround of the UK financial spreadbetting in the two years since he re-took the reigns as CEO. The SNB crisis - just a £4 million hit. But his biggest challenge lies ahead - taking CMC public.
Read moreThe timing seems interesting given what has happened this week to publicly traded CFD broker Plus500 Ltd (LON:PLUS), but the London Evening Standard has reported that UK spreadbetting broker CMC Markets is making progress on its IPO planned for later this year. We reported back in September that, following a nice turnaround in its finances,…
Read moreBut it appears that revenues were down (again) at CMC, after a 21% revenue drop last year. CMC Markets founder Peter Cruddas, who re-took the reigns as CEO in early 2013, has overseen a nice overhaul of the business and its return to profitability, but is still facing falling revenues. UK spreadbetting and forex brokerage…
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