More than 8,000 disgruntled customers of the troubled online trading platform Plus500 (LON:PLUS) have now had their accounts unfrozen.
Only 5% of the 8,457 customers to have their accounts unfrozen have cashed out their funds, said the company.
Plus500, which has received a bid approach from gambling software company Playtech (LON:PTEC) worth £460mln, added that 10,147 clients in total had now completed remedial procedures to comply with money laundering rules.
Gal Haber, chief executive, said: "We have made progress in reapproving customer accounts during the last week and as a result expect a majority of clients who have completed the remedial AML procedures to be unfrozen within the previously expressed timeline.”
The AIM-listed company had been forced to suspend customer transactions last month after the Financial Conduct Authority said its money laundering checks were below standards.
Shares nosedived by two-thirds in a five day period when the news broke and despite the positive steps, fell again today, losing almost 3p to 368p.
Shares in Playtech were also down, losing 3p to 828p.
In bigger news, the FTSE 100 was 18 points off at lunch to 6,771 as European markets took a hit on Greece uncertainty.
The country’s government submitted new reforms to its creditors today, showing the parties are still some way off reaching an agreement.
Across Europe, markets struggled, with France’s CAC 40 easing 22 points to 3,730 and the German DAX losing 62 points to 5,745.
Back in the UK, mining stocks struggled on more weak data from China. CPI slipped 0.2% in May from the previous month. Inflation is now 1.2% annualy.
Anglo American (LON:AAL) was at the foot of the index, not helped by a downgrade from Societe Generale. Shares eased 2.25% to 982p.
Similarly, fellow miner Rio Tinto (LON:RIO) was lower after the broker dropped its rating to ‘hold’ from ‘buy’. Shares lost 1.7% to 2,770p.
At the other end of the FTSE 100, Reed Elsevier (LON:REL) was the biggest gainer after an upgrade from Barclays.
The bank now sees the stock as ‘overweight’ rather than ‘equal weight’ and shares in the information solutions company rose 2.3% to 1,087p.
In small caps, 3Legs Resources raised £500,000 through a share subscription at 0.27p a share. The company also revealed non-executive director (NED) Richard Armstrong will take over the chairman role, while noted investor Jim Mellon has joined the board as a NED. Shares climbed 19% to 0.3p.
Meanwhile, DDD Group (LON:DDD) said that trading in the first quarter of 2015 was in line with the board's expectations. Shares rocketed 27% to 2.22p.
Conversely, high-tech group Oxford Instruments (LON:OXIG) reported a tough year and said a slow start to 2015/16 had offset faster cost cuts. Shares dropped 7.5% to 984p.
Simliarly, Pan African Resources (LON:PAF) said earnings per share would be between 40% and 60% lower last year than the previous year. Shares eased 6.5% to 10.75p.