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London Capital Gets Regulatory Query But Trading Strong Post-Brexit

Wed, 06th Jul 2016 06:50

LONDON (Alliance News) - Online trading services provider London Capital Group Holdings PLC on Wednesday said the immediate impact of the UK's vote to leave the European Union had been materially positive for revenue and profit.

London Capital also said it has recently received a query from an unnamed regulatory authority regarding the level of regulatory fees paid by the company. It said it was in the process of evaluating and has agreed to respond to the regulator by July 11.

London Capital said it does not anticipate the outcome of the query from the regulator will have a material impact on its financial position, particularly given its buoyant post-Brexit performance.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

More News

7 Jul 2010 18:08

London Capital helped by volatility

Spread betting company London Capital Group says that increased volatility in the second quarter has helped it generate better than expected first half revenues. First half pre-tax profits will increase from £3.3m to £4m, although that excludes the £3.2m write-down of capitalised software costs.

7 Jul 2010 14:09

London Capital Sees 1H Pretax Profit At GBP4.0M

LONDON (Dow Jones)-- London Capital Group Holdings Plc (LCG.LN), a financial services and online spread betting company, announced Wednesday for the six months ended June 30, that pretax profit and share based payment expense are expected to be in the region of GBP4.0 million, which is ahead of the

10 May 2010 16:33

Non-exec's wife buys GKN shares

The wife of Mike Turner, the senior independent non-executive director of GKN, has bought 60,000 shares in the engineer. Jean Turner paid 133.41p a share and the total investment was just over £80,000. The husband and wife have a total holding of 160,000 GKN shares. Last August, Turner bought 10

25 Feb 2010 13:03

London Capital dumps divi as profits plunge

London Capital's chief executive Frank Chapman has stepped down as the spread betting firm scraps the final dividend and halves profits due to unfavourable market conditions and higher costs. The Capital Spreads-owner made a pre-tax profit of £5.8m last year, down from £10.9m in 2008, on revenue 4%

24 Aug 2009 15:57

Denham's London Capital stake nears 16%

London Capital Group's finance boss Simon Denham has taken his stake in the spread betting firm closer to 16% with the purchase of another 200,000 shares. Denham, co-founder of financial spread betting unit Capital Spreads, paid £360,000 or 180p each, for the shares. He now owns 6.1m shares, or 15.

18 Aug 2009 14:35

London Capital hit by lower interest income

Spread betting firm London Capital Group saw adverse trading conditions in the second quarter and lower interest rates hit first half profitability. Profit before tax in the first half of 2009 fell to £3.33m from £5.43m a year earlier on revenue that edged up to £12.95m from £12.51m. The company a

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London Capital Gets Regulatory Query But Trading Strong Post-Brexit

London Capital helped by volatility

London Capital Sees 1H Pretax Profit At GBP4.0M

Non-exec's wife buys GKN shares

London Capital dumps divi as profits plunge

Denham's London Capital stake nears 16%

London Capital hit by lower interest income

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