23 Mar 2015 06:31
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Don't have an account? Click here to register.London Capital Group says unaware of reason for share price jump
Fri, 27th May 2016 12:15
(ShareCast News) - London Capital Group noted the jump in its share price on Friday, saying it was not aware of any reason for the movement."As referred to in the company's results announced on 29 April 2015, the group will be seeking to increase its level of regulatory capital in the short term in order to take proper advantage of its new platform and to support the future growth of the business."In a pre-close trading update back in January, the company said that following the extensive restructuring and investment programme it had undertaken over the last 18 months, it was well positioned for future growth in line with its strategy."Against this background, the board is also looking at increasing the company's regulatory capital in order to support this growth," LCG said at the time.The company, which provides online trading services, reiterated this in the final results in April. At 1215 BST, shares were up 33% to 6.82p.
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21 Jan 2015 18:32
UPDATE 2-Alpari co-owner sought to wind up business a year ago
(Adds calls for changes to leverage, FX market regulation, data on record day of trading) By Patrick Graham LONDON, Jan 21 (Reuters) - The co-founder of Russian-owned Alpari applied a year ago to wind up the parent company of its retail currency brokerage, fearing it was "doomed" long
Read more18 Jan 2015 21:12
RPT-WRAPUP 5-Swiss franc shock shuts some FX brokers; regulators move in
(Repeats story published late Friday; no changes to text) By Anirban Nag and Steve Slater LONDON, Jan 16 (Reuters) - The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to the
Read more16 Jan 2015 21:56
WRAPUP 5-Swiss franc shock shuts some FX brokers; regulators move in
(Adds details of Leucadia/FXCM deal) By Anirban Nag and Steve Slater LONDON, Jan 16 (Reuters) - The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to them and forcing regulat
Read more16 Jan 2015 16:50
WRAPUP 3-Swiss franc shock shuts some FX brokers; regulators move in
(Recasts, adds Barclays, details of losses) By Anirban Nag and Steve Slater LONDON, Jan 16 (Reuters) - The Swiss franc shock reverberated through currency trading firms on Friday, dealing the heaviest blows to those catering for small-scale retail clients and forcing regulators to tak
Read more16 Jan 2015 15:39
London Capital Group currency losses "not more than £1.7m" after Swiss exchange rate cut
London Capital Group Holdings on Friday released a statement saying the impact on its finance from the Swiss exchange rate cut would "not exceed £1.7 million". The company said the effect of the group's balance sheet from market and credit exposure will depend in its ability to recover client debts.
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