CMC Markets (CMCX)

Up
Share Price:
732.00p
Market Cap:
£2,066.39m
Change Today:
6.00p
Sector:
Financials

CMC Markets flags strong first half

By Josh White

Date: Wednesday 09 Oct 2024

LONDON (ShareCast) - (Sharecast News) - CMC Markets reported a strong first half in an update on Wednesday, driven by its diversification strategy and growing institutional business.

The FTSE 250 company said that for the six months ended 30 September, it expected net operating income to rise 45% to £180m, compared to £123m in the same period last year.

Operating costs, excluding variable remuneration and non-recurring charges, were expected to decrease by 7% to £113m from £122m a year earlier.

As a result, CMC said it anticipated a profit before tax of around £51m, swinging from a £2m loss in the prior year.

The board said the strong performance reflected the company's focus on expanding its B2B segment and maintaining high levels of client trading activity.

CMC said it continued to enhance its product offerings, including the expansion of cash equities and options, and plans to launch cash ISAs in the UK.

Additionally, it said the onboarding of Revolut clients had begun, with a growing number of users actively trading on the platform.

CMC said its interim results were set to be released on 21 November.

Reporting by Josh White for Sharecast.com.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CMC Markets Market Data

Currency UK Pounds
Price 732.00p
Change Today 6.00p
52 Week High 749.00p
52 Week Low 206.00p
Volume 312,402
Shares Issued 282.29m
Market Cap £2,066.39m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.