Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Plus500 full year numbers ahead of expectations
Plus500 LON:PLUS has issued a year end trading update, noting numbers that are significantly ahead of expectations, having delivered $350m of shareholder returns through a combination of buy-backs and dividends. The company adds that it is well positioned to continue executing against strategic objectives and is looking to the year ahead with confidence. Preliminary figures for the full year are set to be published later next month.
#2. Strong Q3 B2B performance lifts FY outlook for CMC Markets
There’s a trading update out from CMC Markets LON:CMCX off the back of an upbeat third quarter performance, with the B2B and institutional arms of the business being seen as performing exceptionally well. This has given management the confidence to upgrade full year income projections by around 13%. The next scheduled update will be in early April.
- CME Group preps launch of 1oz gold futures contract for New Year
- Three Quick Facts: CMC Markets, Frasers, JD Sports
- Small Cap Stocks: Guardian Metal, MediaZest, Enwell
#3. Media Zest funding round completed to bolster EU ops
AIM listed LON:MDZ has this morning announced the conclusion of a modest £120,000 fund raise, conducted at a 6% discount to Friday’s closing price. Funds are to be deployed for working capital purposes, to help boost recruitment and also support the company’s Dutch subsidiary. Whilst the raise is small, the success of the European operation on a revenue basis does appear notable.
