CMC profits to hit £150m as retail traders look to capitalise on volatility October 6, 2022 Trading platform CMC Markets said it was expecting a jump in profits in the first half of the year after online traders poured onto its platform to try and profit from volatility that has rocked markets.
CMC Markets struggles to keep up with pandemic buzz as profits shrink June 9, 2022 Online trading service CMC Markets said operating income hit £282m, a 31 per cent decline from 2021, as the firm grapples with a decline in pandemic-related market activity. Profit before tax also fell by 59 per cent to £92m, compared to the pandemic boom in 2020 of £224m. Active traders on CMC also dropped from 76,591 [...]
What a difference a day makes: Markets go into full reversal mode as recession concerns grow May 6, 2022 What a difference a day makes? Having rallied strongly in the aftermath of the Federal Reserve’s decision to hike rates by 50bps on Wednesday evening, and not go harder, US stock markets went into full reversal mode yesterday, dragging European markets down with them. Bond yields also shot back up, with the US 10 year [...]
CMC reports income at top of guidance after stellar performance in fourth quarter April 8, 2022 Online trading platform CMC expects its net operating income to be at the top of guidance following a stellar performance in the fourth quarter of FY22. In the three months ended 31 March, the group’s net operating income will be around £280m, while gross leveraged client income has decreased slightly to £288m, down 14 per [...]
Profits fall for CMC Markets despite pandemic trading boom November 17, 2021 Financial services CMC Markets reported disappointing results, despite its lockdown success and confident talk of a company split.
Shareholder payday on the horizon? Lord Cruddas’ CMC Markets mulls split November 14, 2021 Tory peer Lord Cruddas is reportedly looking into splitting up his CMC Markets into two London-listed firms. The separation could be announced within days, Sky News’ Mark Kleinman reported, creating a leveraged trading business as well as a non-leveraged technology and investment products platform. The move could see shareholders, including Lord Cruddas with his 62.5 [...]
Trading platform CMC sees customer base grow after record surge last year July 29, 2021 Online trading platform CMC has forecast its net operating income to exceed £330m for its upcoming full-year results after client numbers have lifted in the past few weeks. Monthly active clients were up around a third from pre-pandemic levels in the weeks to 30 June 2021 but remain at similar levels as reported in its [...]
CMC Markets predicts better-than-expected operating income for 2020 March 25, 2021 CMC Market has suggested its predicted operating income for 2020 could be higher than expected, after reporting a strong performance in the final quarter of its financial year. In a market update today, the online trading and B2B platform said that following strong performance, net operating income for the financial year was likely to be [...]
CMC Markets continues winning streak during pandemic following record results January 20, 2021 CMC Markets performed well in the third quarter of its 2021 financial year, though numbers were down slightly following a bumper start to the year. Client retention in Q3 2021 stood in excess of 80 per cent, but below levels reported in H1 2021. In the year so far the online trading and B2B platform [...]