Company
Plus500 Ltd
LON:PLUS
Plus500 is a leading provider of Contracts for Difference (CFD’s), delivering trading facilities on shares, forex, commodities and indices, alongside innovative trading technology. Plus500 is owned by Plus500UK Ltd. A UK based company with its main offices located in the city of London. The company is authorised and regulated by the Financial Services Authority (FSA) to offer Contracts For Difference (CFD). The company is a rapidly growing CFD provider in Europe and Asia and currently offers its portfolio of over 1000 instruments to over a million clients.
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Archive
FTSE 100 Live: Stocks off lows but Chinese property concerns weigh
London's blue chips are in the red knocked by concerns over the health of the US economy
Investments and investor services
Plus500 'engaged' with shareholders after 20% of votes were cast against some AGM resolutions
The global fintech company said it now "has a good understanding of the rationale regarding the votes cast against" and will take these views into consideration in future
Investments and investor services
Plus500 in upbeat mood, full-year revenues to top market expectations
The company said it had delivered a "further outstanding financial and operational performance", with ongoing strategic progress seen throughout the nine months ended 30 September
Investments and investor services
Plus500 hands out another US$120mln as user spending soars
Plus500 also intends to payout at least 50% of net profits in the future
Investments and investor services
Plus500 nudges up guidance but says industry seeing lower volumes
A US retail futures offering will be launched in the second half of the year
Investments and investor services
Plus 500 raises full-year guidance
Plus500 said it will continue to build its strategic position as a global multi-asset fintech group, through organic investments and by actively targeting acquisitions
Investments and investor services
Plus 500 leaps into the Japanese market
"This acquisition represents an important strategic step for Plus500 as we continue to strengthen our position as a global multi-asset fintech group"
Investments and investor services
Plus500 slides as average revenue per user declines
The numbers don't look so great compared to 2020 (except Q4 vs Q40 but scrub up well in comparison with 2019.
Investments and investor services
Plus 500 upbeat on prospects after outperforming expectations in 2021
The board continues to expect that Plus500 will deliver sustainable growth over the medium to long term
Investments and investor services
Plus500 raises full-year expectations as activity continues at elevated levels
Although most of the key metrics were down a tad year-on-year they were massively higher than pre-pandemic numbers
Investments and investor services
Plus500 lifts guidance despite more stable market conditions in the third quarter
The group has been successful in bringing new customers on board this year
Investments and investor services
Plus500 profits drop as trading returns to more normal levels
Average revenues per user were US$1,307 over the period, compared to US$1,718 a year ago
Investments and investor services
Plus500 revenues drop as trading activity slows
Plus 500 added it had still seen healthy numbers of new customers sign up
Plus500 establishes foothold in US futures market with Cunningham acquisition
Cunnigham will provide the requisite licenses to operate in the US market
Investments and investor services
Plus500 sees 2021 earnings ahead of forecasts amid record active customers in first quarter
The stockbroking platform reported a 39% increase in active customers in its first quarter to 269,743, although revenues fell by a third
Investments and investor services
Plus500 confident on 2021 although monthly trading results remain volatile
Market conditions remain supportive for Plus 500's business
Investments and investor services
Plus500 plans share buyback following record year
The stock trading platform is planning to buy back US$25mln in shares after earnings in 2020 surged by 168%
Investments and investor services
Plus500 hails record performance for 2020, co-founder steps down
The FTSE 250 stockbroking platform said revenues for the year stood at US$872mln, ahead of its expectations, while customer income, its core focus, also reached record highs of US$997mln
Plus500: Jefferies sees "material upside" to forecasts as it moves to 'buy' on stock in the online trading platform
The broker has also increased its adjusted earnings per share estimate by 19% for 2020
Investments and investor services
Plus500 reiterates 2020 forecasts following significant growth in third quarter
In the three months to September 30, the online CFD, forex and crypto trading broker reported EBITDA of US$134.2mln, a 91% increase on the prior year, while revenues also soared 96% to US$216.4mln
Investments and investor services
Plus500 shares stumble despite boast of continued 'outstanding' trading
“While market conditions remain uncertain, macroeconomic and sector-specific newsflow continue to provide significant trading opportunities for customers,” the online broker said
Investments and investor services
Plus500 to become main sponsor of Italian football team Atalanta
The deal is the spread-betting platform's third sponsorship this year, following similar partnerships with BSC Young Boys Football Club in Switzerland and Legia Warsaw in Poland
Investments and investor services
Plus500 target hiked by Liberum following bumper interims
The broker said the company’s investments in its mobile and tablet offering were paying off and had supported gains in market share, while it expected the firm will also be in line for “significant tax credits” after its designation as a Pr
Investments and investor services
Plus500 higher as it unveils share buyback after blockbuster performance in first half
The spread-betting group reported unprecedented levels of new and active customers during the first six months of 2020, with client deposits jumping 254% to US$1.6bn
Investments and investor services
Plus500 to sponsor top Polish football club
The online contracts for difference (CFDs) broker will sponsor Legia Warsaw for the 2020/21 and 2021/22 seasons
Investments and investor services
Plus500 promotes interim boss to top job as half-year revenues soar
Revenue soared 74% as market volatility attracted high levels of customer trading
Investments and investor services
Plus500 sees revenue subtracted by clients' successful bets
High market volatility attracted record numbers of new customers in the first and second quarters
Investments and investor services
Plus500 jumps as market volatility drives revenues to record levels
The company said it had continued to see “a significantly increased level of customer trading activity” as well as further momentum into its second quarter
Investments and investor services
Plus500 boss leaves after four years in the role
Asaf Elimelech will continue in a transitional role alongside an interim boss until a permanent replacement is appointed
Investments and investor services
Plus500 profits soar as clients bet on coronavirus market volatility
Underlying profits of $231.6mln for the first quarter were up 1,863% on this time last year and more than the amount forecast by City analysts for the whole of 2020
Archive
FTSE 100 closes firmly higher as hopes of pandemic slowdown lift mood
Britain's blue-chip benchmark finished up over 122 points, or 2.2% at 5,704
Investments and investor services
Plus500 profits surge as trading frenzy boosts futures activity
Revenue from customer income has been very strong due to the heightened levels of market volatility
Investments and investor services
Plus500 climbs as coronavirus panic sends traders into frenzy
The group's financial performance during the first quarter to date is trending substantially ahead of the last quarter of 2019
Investments and investor services
Plus500 reports “robust” end to 2019 as volatility boosted customer trading
Plus500 described “positive momentum” continuing into 2020 with market volatility and ‘global events’ again supporting trading activity levels on its platform.
Archive
FTSE 100 closes up, boosted by resource stocks, as coronavirus still makes the headlines
Over on Wall Street, the S&P 500 and Dow Jones Industrial Average clocked up a new record highs
Investments and investor services
Plus500 doubles up underlying profits in second half
The online CFD provider said revenue for last year was roughly US$354mln and EBITDA around US$190mln, in line with expectations
Plus500 trading ticks up after tense geopolitical times
Plus 500's chief executive said the FTSE 250 company is on track to meet its expectations for the full year
Volatility is back! But who are the winners and the losers in an unpredictable market?
The big stock exchanges are even more erratic than Donald Trump on Twitter…
Plus500 tweaks cash returns policy as first-half profits plunge
The board proposed a US$50mln share buyback as it changed its policy on shareholder distribution so that 60% of net profit will now be returned to shareholders
The price of Bitcoin isn’t just down to technical analysis
Bitcoin is often viewed as being beholden to the trends of the market, however there is the possibility that its price could have more grounding than initially thought
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’
Plus500 enjoys second quarter uptick but first half still well down
The online trading platform operator said there were “signs of reduced levels of marketing” across its peer group
Investments and investor services
Plus 500 hammered again as client-wins and subdued markets send revenues tumbling
Revenue was hit by clients winning US$28.1mln on their trading
Investments and investor services
FTSE 100 ends in positive territory, taking the cue from the Dow and data from China
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
Investments and investor services
Canaccord Genuity slashes Plus500 target price as it cautions of potential breakdown in investor trust following accounting error
The broker said investors were “likely to feel aggrieved and possibly misled” after a release on Friday said that rather than incurring no losses from client trading, the trading platform operator had instead suffered a US$103mln hit during
Investments and investor services
Liberum slashes target for client Plus500 but remains bullish after profit warning, however Peel Hunt is less enthused
Liberum said it thought the company's forecast was "cautious" given lower customer churn and high revenues from professional clients, however Peel Hunt said a fourth quarter boost from client losses highlighted a "lack of visibility" in ear
Investments and investor services
Short-sellers get it right as Plus500 warns about trading
Plus500 was one of the most shorted shares on the London stock market ahead of the update
Investments and investor services
FTSE 100 closes marginally higher but consumer and industrial shares down
May said should no revised deal be ready for a vote by 27 February, a further amendable motion would be tabled
Archive
AA looking to continue 2019’s drive higher with Tuesday’s full-year update
The car insurer has been on a rebound in recent weeks, and investors will be hoping that the run continues after Tuesday’s 2018 update
Archive
Blue-chip corporate update mill to continue to grind, with RBS and AstraZenca to the fore
Aside from all the company news, the Week Ahead also brings the latest UK inflation and GDP growth data for investors to digest, while the Brexit saga will continue to roll on
Investments and investor services
Investors bet on Plus 500 as trading group ups guidance once again
Only last month Plus 500 said it was on track to beat full-year forecasts, and it has now said that it expects to exceed even the revised expectations after a solid December
Archive
Trading platforms CMC Markets and IG Group best-placed to weather recent rule changes
Both CMC and IG are focused on winning business from high-value professional clients who aren’t the target of the latest clampdown
Investments and investor services
UK regulator to adopt European binary trade and CFD curbs
The FCA added it would consult in early 2019 on a potential ban on cryptocurrency CFDs
Investments and investor services
PLUS 500 to beat forecasts as strong trading continues
Profits are already running at its 2019 forecast run rate, added Liberum
Playtech issues ‘in-line’ update as Asia revenues stabilise
The FTSE 250 gambling software firm said it remained on track to achieve adjusted underlying earnings (EBITDA) for 2018 of between €320mln and €360mln
Investments and investor services
Plus 500 revenues slide as new trading regulations bite
Total sales for the three-month period dropped 14% to US$100mln
Archive
Whitbread’s interims to be overshadowed by August’s £3.9bn sale of Costa coffee business to Coca-Cola
Aside from Whitbead's interim results, the day ahead will also bring updates from the likes of St James's Place, Travis Perkins, Anglo American, and Bunzl
Archive
Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
Archive
Lots of problems abound.....
Archive
Airlines under pressure after IAG's British Airways unit hit by data theft
A look at some of the biggest risers and fallers in the London market on Friday
Playtech sells entire 10% shareholding in online trading platform Plus500 for about £176mln
Playtech said it had sold 11.4mln Plus500 ordinary shares, also at a price of 1,550p each, representing about 9.99% of Plus500's issued share capital
McCarthy & Stone set to drop out of the FTSE 250 in quarterly reshuffle
New entrants to the FTSE 250 could include Avast, Plus500, Vivo Energy and Amigo Holdings, while the FTSE 100 is expected to remain unchanged
Cryptocurrency and margin trade clampdown takes shine off bumper half at Plus500
A boost from nervy financial markets and cryptocurrency trading sent interim numbers through the roof
Investments and investor services
Plus500 sees up huge profits surge as crypto trading drives activity
The interim dividend goes up almost six times to US$1.3786 per share
Archive
Heatwave should provide a lift for BBQ and garden products at retailer Kingfisher
Aside from the DIY retailer's numbers, the Week Ahead diary includes updates from miner Antofagasta, and motor insurers Admiral and esure, plus a raft of key UK data
Archive
Some more reliable dividend payers on AIM to consider as Plus500 moves on
The transfer of Plus500 from AIM to the main market has forced Stockpot's AIM Sustainable Dividends portfolio to bank handsome profits; will three newcomers be able to emulate Plus500's meteoric rise?