RE: Trading Update wow!7 Oct 2022 10:12
The founder of CMC Markets enjoyed some respite as traders took advantage of mounting economic uncertainty.
Lord Cruddas, who set up the trading platform in 1989, said the business has been boosted by market volatility and increased client trading.
In a trading update, CMC said revenues in the six months to the end of September were 21 per cent higher than a year earlier at around £153million. Shares rose 5.6 per cent, or 12.5p, to 235p.