IN BRIEF: CMC Markets shares rise as lifts annual income guidance

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

CMC Markets PLC - London-based online trading platform for contracts for difference, financial spread bets and shares - Raises guidance for full-year net operating income to between £290 million and £310 million from £250 million to £280 million. This will be up from £288.4 million in financial 2023. The financial year for CMC ends on March 31. The company reports a ‘strong performance’ in its financial third quarter, amid improved market conditions and led by an increased contribution from its institutional business. CMC will provide a full-year trading update on April 9.

Current stock price: 135.09 pence, up 23% in London early Monday

12-month change: down 40%

Copyright 2023 Alliance News Ltd. All Rights Reserved.