Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • SEC goes after former UBS adviser for $5.8M theft forex news
  • SEC goes after quant analyst for $8.5M front-running scheme forex news
  • Exness posts $1.27 trillion in November client trading volumes forex news
  • FCA Suspends Four European Firms from Operating under TPR forex news
  • HK watchdog fines Mason Securities $3.6M for AML requirement breaches forex news
  • Wirecard insolvency admin reports progress of Asian subsidiaries sale forex news
  • NFT Investments plans £96M acquisition of Pluto Digital forex news
  • ASX goes live with triReduce compression service forex news

CMC Markets shares down 6%+ after posting slow results

Posted on 2021-11-17 By admin No Comments on CMC Markets shares down 6%+ after posting slow results

Shares of leading UK online broker CMC Markets plc (LON:CMCX) traded down by about 6% early Wednesday, after the company released its results for the first half of Fiscal 2022 (CMC has a March 31 fiscal year end).

CMC Markets reported Revenues (or what it terms Net Operating Income) of £126.7 million for the six month period ended September 30, 2021, which was down by 23% from the previous 6-month period and off by nearly half (45%) from a year ago in 1H-2021. Profits were also down sharply, by 36% from the previous six months and by 75% from last year.

However the decline in activity did not really come as a shock to markets, which was basically prepared for the drop-off after CMC issued a trading update in early September indicating that things were going much more slowly in FY2022 than the previous year. That led to a steep, one-day share price decline of 27% for CMC, and its shares have continued to drift further downward ever since.

What seems to have “irked” the markets today, leading to the small but still significant drop in share price, is that the company kept its early-September revenue guidance in place for Revenue of between £250-280 million for all of FY2022, while expecting operating expenses to be moderately higher year-on-year, circa 6% higher than H1 2022.

CMCX shares did recover somewhat earlier this week, after the company confirmed our weekend report that CMC Markets is looking to split itself into two publicly traded entities, one which will keep the “legacy” leveraged trading and spreadbetting business, and the other for stockbroking and investment management.

CMC Markets share price graph past six months. Source: Google Finance.

forex news Tags:forex-news

Post navigation

Previous Post: Exclusive: OANDA UK CEO David Hodge resigns
Next Post: DIGITEC expands London office adding hires from IHS Markit, Moneycorp

Related Posts

  • Nadex releases quiz for discovery of personal trading style forex news
  • MarketAxess reports slight decrease in revenues in Q2 2021 forex news
  • Interactive Brokers announces global launch of ‘IMPACT’ mobile trading platform forex news
  • CMC Markets sees fixed income market as poised for renaissance forex news
  • Equinix appoints Jon Lin as EVP & GM, Data Center Services forex news
  • Robinhood accrues $33.1M in legal and regulatory contingencies at end of Q3 2021 forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • TradingView adds currency conversion feature to platform forex news
  • Marex gets a slap on the wrist for deficient reporting of block trades forex news
  • eToro reduces minimum trade size for stocks, crypto and ETFs forex news
  • eToro adds 65 new stocks and ETFs to lineup of trading instruments forex news
  • MAS Regulated Forex Brokers In Singapore 2022 forex news
  • FX week in review: Anti-PFOF ads, eToro results, GMI management, Playtech shareholder vote forex news
  • CME Group to introduce New York Reference Rates for Bitcoin and Ether forex news
  • Angela Crawford-Ingle buys 14k shares in TP ICAP forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme