Company
CMC Markets PLC
LON:CMCX
CMC Markets PLC is a leading global provider of online retail financial services complete with a comprehensive institutional offering. The company enables clients to trade a broad range of financial instruments through its award-winning Next Generation trading platform, supported by sophisticated charting, competitive pricing and automated execution.
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FTSE 100 makes slight recovery; Business confidence down pre-Budget
The FTSE 100 bounced back slightly on Wednesday after Tuesday's heavy decline
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FTSE 100 Live: Blue chips rally to close in the green; mid-caps soar
At the close, London's blue-chip index was up 4.58 points, 0.1%, at 7,694.19 and the FTSE 250 was up 183.41 points, 1.0%, at 19,393.80
Investments and investor services
CMC Markets forecasts cut again at Shore Capital
Spread bet firm will stay a sell for the broker until revenues pick up
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FTSE 100 Live: Stocks lose gains as Powell says more rate hikes may be needed
London's blue-chips have fallen after a hawkish speech from the head the Federal Reserve
Investments and investor services
CMC Markets finance chief to join IntegraFin
Euan Marshall has been with CMC for 11 years and four as CFO
Investments and investor services
CMC Markets adds ESG function to Invest platform
Areas covered range from animal testing to nuclear power.
Investments and investor services
CMC Markets results lead to forecasts being nudged higher
The shares have performed strongly on a relative basis over the past month
Investments and investor services
CMC Markets reports interim results in line with expectations
The half saw the launch of the new investment platform in the UK and further expansion in New Zealand and Canada is also being considered
Investments and investor services
CMC Markets' valuation is undemanding according to RBC
“We continue to believe the legacy of profitability from the pandemic is underappreciated by the market, whilst initiatives to grow and diversify earnings are a further source of re-rating potential, if successful” the broker said in a note
Investments and investor services
CMC Markets analysts upgrade earnings forecasts for full year
Higher revenues will see an EPS upgrade "by a high single-digit percentage", said Shore Capital
Investments and investor services
CMC Markets says launch of UK investment platform puts it on 'fast track to diversification'
“We believe commissions, execution spreads and custodial fees have for too long been too high and too expensive for retail investors,” said CEO Peter Cruddas
Investments and investor services
The most confusing investment terms explained, from IPO to ETF
CMC Markets has used global Google search data to find out the top 15 stock market terms internet users want to understand
Investments and investor services
CMC Markets on track to diversify revenues, says broker
Trading clients and client assets remain robust so far
Investments and investor services
CMC Markets operating inline with robust clients and assets
The group remains focused on delivering 'strong business performance' for the financial year ending next March
Bored Ape NFT’s most popular with celebrities like Madonna and Paris Hilton
Data compiled by CMC Markets ranked celebrities by the value of their most recent sale
Investments and investor services
CMC Markets targets 30% net operating income growth over three years
"Our clear focus on revenue diversification will continue throughout the coming year as will our assessment of how best to address the realisation of future value for the two broadly different businesses" the group said
Investments and investor services
CMC Markets has analysts rushing to revise forecasts
“With FY22 operating costs excluding variable remuneration at £173mln, we anticipate pre-tax profit of around £90mln, which is materially ahead of our £66mln estimate and consensus at £75mln,” Shore Capital said
Investments and investor services
CMC Markets says final quarter was the strongest of the financial year
"I am delighted to report another year of strong performance both strategically and financially," said Lord Cruddas, the company's chief executive officer
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FTSE 100 ends the week higher as Wall Street also recovers
The FTSE 100 finished the week at a two-month high, recovering from Thursday's decline after large cap stocks went ex-dividend
CMC Markets should be enjoying the volatility
CMC Markets and Ferrexpo are both set to issue updates although Ferrexpo, which has operations in central Ukraine, would be forgiven for crying off
Investments and investor services
CMC Markets kicks off its £30mln share buyback programme
CMC Markets currently has a market capitalisation of £725mln
Investments and investor services
CMC Markets to buy back up to £30mln of shares
"In light of the company's robust capital position and having considered the ongoing investment in the business, the board has decided to return excess capital to shareholders"
Investments and investor services
CMC Markets nears ‘record levels’ in ‘solid’ quarter - CFO
The company reiterated that its previous expectation of £250mln-£280mln in net operating income is still on track
Investments and investor services
CMC Markets on target to meet full-year guidance
The online trading platform operator said assets under management and assets under administration were close to record highs in the third quarter
Investments and investor services
CMC Markets says 'on a fast track to diversification'
Reduced market volatility in the period resulted in lower client demand for our leveraged and non-leveraged products
Energy prices in focus on Wednesday as SSE Plc updates investors
SSE and CMC are among the notable names in the diary for Wednesday, completing acronym day economists can look forward to PPI, RPI and CPI numbers.
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Proactive news headlines: CMC Markets, Redx Pharma, Mkango Resources...
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
CMC Markets upgraded as its mulls breakup, analysts eye significant underlying value
Jefferies has a 330p target and today upgrades to 'buy'.
Investments and investor services
CMC Markets mulls ‘managed separation’ of CFDs and new investment platform.
The company is to explore whether it can maximise value by separating its leveraged (CFD) stock trading unit from what’s planned to be a broader investing platform
Investments and investor services
CMC Markets ends September with improved client trading volumes
Market volatility remains a key driver for the core business but the group's "fast track to diversification"continues to add more strings to CMC's bow
CMC Markets in the spotlight for Thursday
CMC Markets, Mondi and Robert Walters are among the names in the diary for Thursday.
Investments and investor services
CMC Markets could turn into Ocado of trading with third-party deals, says broker
The launch of a UK investment platform “should shift it further away from leveraged products and could potentially add £0.5bn in value”, analysts said
Investments and investor services
CMC Markets acquires ANZ share investing client base
CMC has worked closely with ANZ Bank over the last three years, providing a white-label service that will now be operated under the CMC brand
Investments and investor services
CMC Markets says trading has slowed down
Client assets under management also are at near-record levels, the trading platform said
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Proactive headlines: Conroy Gold, Scancell, Samarkand Group…
A look at some of today's major headlines from the Proactive newswire
Investments and investor services
CMC Markets says trading activity remains at healthy levels
Client income retention was in excess of 80% said the financial bookmaker
Investments and investor services
CMC Markets' price target lifted by Canaccord Genuity
“The dividend remains an attraction, in our view, offering a 4.4% yield,” the broker said, as it reiterated its ‘hold’ rating.
Investments and investor services
CMC Markets shares worth buying after recent profit taking, says broker
“We see CMC as attractively valued with an unchanged fair value estimate of 550p,” the analyst said
Investments and investor services
CMC Markets expecting Bitcoin and meme investors to graduate to its platform
“It’s good that they’re coming into the market because eventually, hopefully, they’ll move into a much bigger programme of investing, not just the topical stocks, and we’ll see more of them coming to us in the future," said CMC's CEO, Peter
Investments and investor services
CMC Markets launches share baskets based on share price behaviour
The first set of signature baskets are based on relative rotation graphs, which identify stocks exhibiting positive momentum compared to their benchmark indices
Investments and investor services
CMC Markets raises guidance as client acquisition levels remain high
Net operating income for the current fiscal year is expected to be slightly ahead of the upper end of the current range of consensus of £399.61mln
Investments and investor services
CMC Markets selects Amazon Web Services to speed up new product delivery
By using AWS CMC Markets has freed up valuable development hours that would otherwise have been spent managing its own servers
Investments and investor services
CMC Markets expects top-end profits as strong performance continues
"We have a healthy pipeline of projects that will drive new revenue streams," said boss Peter Cruddas
Investments and investor services
CMC Markets report highlights polarisation in attitudes toward non-bank liquidity providers
The trading platform operator said despite contrasting opinions on NBLPs, the report had also highlighted that the entities had "played a key role in maintaining an orderly market during COVID-driven volatility"
Investments and investor services
CMC Markets confident of retaining newly-recruited high-quality clients
The trading platform operator is focused on attracting and retaining high-quality clients and said the signs in the second half of its fiscal year are good in terms of hitting these objectives
Investments and investor services
CMC Markets adds to institutional reach with Gold-i link-up
Partnering with Gold-I opens up new business opportunities in territories such as Latin America
Investments and investor services
CMC Markets welcomes removal of uncertainty from new Australian financial trading regulations
“We believe a large proportion of Australian CFD net revenue is generated by clients eligible to qualify as wholesale clients, meaning those clients will not be impacted by the regulatory changes announced by ASIC today,” the online CFD bro
Investments and investor services
CMC Markets enjoys record first half
The trading platform operator has made a habit over the last 18 months or so of raising guidance and it has done it again today
Proactive news headlines: Deltic Energy, CMC Markets, Allergy Therapeutics, Gfinity, Braveheart Investment ...
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
CMC Markets "storming it at the moment"
Having issued a series of upgrades to guidance in its previous financial year, CMC has raised market expectations for the second time since the end of June
Investments and investor services
CMC Markets has "a massive investment programme and lots of opportunities"
The trading platform operator recently unveiled a sparkling set of full-year results but suggestions that the strong performance was largely down to market volatility during the pandemic are wide of the mark
CMC Markets raises guidance after flying start to the new financial year
Trading activity has been bonkers during the coronavirus pandemic period but even if they return to normal levels, CMC is confident its performance will top even the most optimistic broker forecasts
CMC Markets hikes dividend 640% after coronavirus boosts online trading
Gross client income from contracts for difference (CFDs) at the start of the new financial year has been “around double” the levels seen last year, the company said
CMC Markets relishing coronavirus-related market volatility
CMC is retaining a “considerably stronger” proportion of this client income than the 75-80% range than it had expected a few months ago
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FTSE 100 closes in a hole after dismal US jobs report
Britain's blue-chip index fell over 64 points lower to close the day at 5,415. On the week as a whole, the benchmark fell around 1.7%
Friday's US jobless report comes in shadow of more recent coronavirus developments
Following updates on manufacturing and construction in the past two days, Friday will see PMI report for services sectors around the world - and one of the UK's most important lead indicators
CMC Markets activity surges as financial markets gyrate
The retention of client income has remained strong, the spread betting firm said
CMC Markets to beat forecasts as recent market slump boosts trading activity
The spread bet firm said volumes had already been good since the start of 2020
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CMC Markets profits set to surge but broker downgrades
Peel Hunt analysts said forecasts for the next year assume a material reduction in profitability from the CFD provider
Investments and investor services
CMC Markets improves client retention to boost income
“The retention ratio commentary is most impressive,” said analysts at Shore Capital
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CMC Markets upgrades full-year targets following strong interims
The online trading platform now expects net operating incomes to reach £180mln in the full year, higher than analyst predictions of £170mln
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CMC Markets feeling the benefit of white-label deals
"This time last year we had the uncertainty of regulatory change hanging over the sector and the uncertainty of how clients would react to the changes in minimum margin levels."
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Crypto clampdown will 'have limited impact' on IG, CMC and Plus500
The City watchdog this week launched a consultation on potentially preventing the sale to UK retail customers of derivatives products referencing any sort of ‘cryptoassets’
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CMC Markets says recent trading 'in line' after full-year profits crumble
European regulatory changes, including imposing much lower leverage levels, contributed to the online broker seeing trades falling 6% by number and 13% by value over the year
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FTSE 100 closes higher led by defensive stocks
Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
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Aviva and CMC Markets in spotlight for busy Thursday
Investors look forward to a strategy update from Aviva's new boss, meanwhile, they are braced for CMC Markets results after the recent profit warning.
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US jobs data, ECB policy decision to make for up meagre flow of corporate news in coming week
Asides from the macro news, the Week Ahead also brings the latest quarterly FTSE indexes reshuffle, a strategy update from insurer Aviva, and results from Auto Trader
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FTSE 100 finishes higher as Brexit rumblings continue
Footsie gained around 27 points at 7,418, while FTSE 250 added 234 points at 19,563
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AA’s performance to be eyed on Wednesday for any signs of possible breakdown
Investors will be looking to see if the breakdown services firm can continue its recent run of good fortune
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US jobs to provide main focus, though UK PMIs still key as Brexit SNAFU continues
Aside from the UK and US data - and Brexit - corporate news in the week ahead will include updates from blue-chip budget airline easyjet and Ladbrokes Coral owner GVC Holdings
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Why CMC Markets’ recent profit warning could actually be good news for the spreadbettor
Among a handful of other issues, CMC said its customers were winning too much, but City broker Liberum thinks that bodes well for longer-term revenue prospects
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CMC Markets revenue subdued as new trading rules bite
Revenue is down year-on-year said the spread bet firm
Investments and investor services
FTSE 10O closes in red after ECB meet; Vodafone top laggard
The UK's premier stock index finished down nearly 24 points at 6,818