Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCMC Markets Regulatory News (CMCX)

Share Price Information for CMC Markets (CMCX)

Share Price is delayed by 15 minutes
Get Live Data
430.00    62.00 (16.85%)
Bid:
433.50
Ask:
435.00
Spread: 1.50 (0.346%)
Market Cap: £1.17b
CMCX Live PriceLast checked at - London Stock Exchange

Intraday CMC Markets Share Chart

Trading update

7 Sep 2016 07:00

RNS Number : 1356J
CMC Markets Plc
07 September 2016
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

Trading update

CMC Markets plc (LSE: CMCX, "the Group") is issuing a trading update ahead of its Annual General Meeting to be held at 10:00am today at 133 Houndsditch, London, EC3A 7BX.

The Group continues to make progress on each of its strategic initiatives, with improvements in a number of key indicators of future trading activity. For the five month period to 31 August 2016, new clients are up 19% and active clients are up 9% compared to the same period last year. In addition, client money balances at the end of August are 21% higher than at the same point last year.

However, low levels of volatility are providing fewer trading opportunities for clients. As a result, and in line with many competitors, the value of client trades continues to be lower than the prior year and Net Operating Income for the six months to 30 September 2016 is expected to be lower than the same period last year.

The Group is confident that Net Operating Income will improve in the second half through the Group's larger funded client base, growing institutional offering and new product development. The Group also continues its focus on cost control.

With a strong, growing client base and clear strategy the Group remains focussed and confident of achieving the target of £220m Net Operating Income by 2020.

Peter Cruddas

Chief Executive Officer

7 September 2016

 

Forward Looking Statements

This trading update may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date such statements are published.

Enquiries

 

Camarco +44 (0) 20 3757 4984

Geoffrey Pelham-Lane

Ed Gascoigne-Pees

Jennifer Renwick

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEAPNKESSKEFF
Date   Source Headline
9th Jul 201912:41 pmRNSDirector/PDMR Shareholding
28th Jun 201911:50 amRNSNotice of AGM
24th Jun 20192:26 pmRNSHolding(s) in Company
7th Jun 201912:06 pmRNSDirector/PDMR Shareholding
6th Jun 20197:01 amRNSDirector Change
6th Jun 20197:00 amRNSFinal Results
23rd May 20194:13 pmRNSHolding(s) in Company
9th May 20194:05 pmRNSDirector/PDMR Shareholding
3rd Apr 20197:01 amRNSDirector Changes
3rd Apr 20197:00 amRNSTrading Update
2nd Apr 20199:04 amRNSDirector Declaration
7th Mar 20194:05 pmRNSDirector/PDMR Shareholding
22nd Feb 20192:21 pmRNSTrading Update
22nd Feb 201912:00 pmRNSHolding(s) in Company
8th Feb 201911:35 amRNSIssue of Equity
7th Feb 20192:59 pmRNSDirector/PDMR Shareholding
24th Jan 20197:00 amRNSQ3 2019 Trading Update
9th Jan 20199:53 amRNSDirector/PDMR Shareholding
27th Dec 20181:45 pmRNSDirector/PDMR Shareholding
17th Dec 20182:45 pmRNSHolding(s) in Company
10th Dec 20185:29 pmRNSHolding(s) in Company
7th Dec 20189:41 amRNSDirector/PDMR Shareholding
7th Dec 20189:01 amRNSFCA Consultation
29th Nov 201811:24 amRNSDirector/PDMR Shareholding
22nd Nov 20181:38 pmRNSCorrection to Dividend Record Date
22nd Nov 20187:00 amRNSInterim Results
14th Nov 201810:39 amRNSHolding(s) in Company
8th Nov 20189:38 amRNSDirector Declaration
5th Nov 20184:20 pmRNSHolding(s) in Company
5th Nov 20184:13 pmRNSDirector/PDMR Shareholding
5th Nov 201811:01 amRNSHolding(s) in Company
1st Nov 20182:48 pmRNSHolding(s) in Company
9th Oct 20184:20 pmRNSDirector/PDMR Shareholding
25th Sep 20187:00 amRNSH1 2019 Pre-Close Trading Update
6th Sep 20189:55 amRNSDirector/PDMR Shareholding
30th Aug 201811:28 amRNSDirector/PDMR Shareholding
8th Aug 20183:37 pmRNSDirector/PDMR Shareholding
26th Jul 20182:40 pmRNSResult of AGM
26th Jul 20187:00 amRNSQ1 2019 Trading Update
23rd Jul 20184:18 pmRNSDirector/PDMR Shareholding
9th Jul 201812:20 pmRNSDirector/PDMR Shareholding
6th Jul 20184:30 pmRNSDirector/PDMR Shareholding
15th Jun 20181:33 pmRNSDirector/PDMR Shareholding
7th Jun 20187:00 amRNSFinal Results
6th Jun 20184:11 pmRNSDirector/PDMR Shareholding
10th May 20182:48 pmRNSDirector/PDMR Shareholding
30th Apr 20188:45 amRNSCMC Markets launches new CMC Pro offering
9th Apr 20183:34 pmRNSDirector/PDMR Shareholding
29th Mar 20187:00 amRNSPre-Close Trading Update
27th Mar 201810:30 amRNSESMA Announcement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.