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
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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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