Latest news with #Plus500
Yahoo
a day ago
- Business
- Yahoo
Online trading platform Plus500's profit rises, launches $165 million buyback
(Reuters) -Online trading platform Plus500 posted a slightly higher half-year core profit on Monday and launched a $165 million share buyback, driven by robust trading volumes in its growing futures business and global expansion efforts. Retail brokers and trading platforms thrive during periods of market instability, geopolitical and economic tensions as investors shuffle their portfolios to take advantage of cheaper assets. Plus500 has also been expanding its offering via acquisitions and regulatory approvals across high-growth markets, capitalizing on the global futures trading boom in countries such as India, the U.S. and the UAE. The company, which provides equity, commodity and options trading services and is active in more than 60 countries, reported core profit of $185.1 million for the six months period ended June 30, compared with $183.9 million a year earlier. New customers nudged down to 56,165 in the period, compared with 56,759 a year earlier. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
a day ago
- Business
- Reuters
Online trading platform Plus500's profit rises, launches $165 million buyback
Aug 11 (Reuters) - Online trading platform Plus500 (PLUSP.L), opens new tab posted a slightly higher half-year core profit on Monday and launched a $165 million share buyback, driven by robust trading volumes in its growing futures business and global expansion efforts. Retail brokers and trading platforms thrive during periods of market instability, geopolitical and economic tensions as investors shuffle their portfolios to take advantage of cheaper assets. Plus500 has also been expanding its offering via acquisitions and regulatory approvals across high-growth markets, capitalizing on the global futures trading boom in countries such as India, the U.S. and the UAE. The company, which provides equity, commodity and options trading services and is active in more than 60 countries, reported core profit of $185.1 million for the six months period ended June 30, compared with $183.9 million a year earlier. New customers nudged down to 56,165 in the period, compared with 56,759 a year earlier.
Reuters
24-07-2025
- Business
- Reuters
UK trading platform IG Group tops profit forecast on market volatility
July 24 (Reuters) - British online trading platform IG Group (IGG.L), opens new tab reported a forecast-beating 17% rise in full-year pretax profit on Thursday, driven by a surge in trading volumes amid recent market turbulence, sending shares up more than 6%. Firms such as IG Group and Plus500 (PLUSP.L), opens new tab have benefited from a pickup in trading volumes in recent months as clients rushed to adjust their portfolios in markets whipsawed by the uncertainty caused by U.S. tariff policies. London-based IG Group has been expanding its services to address missed opportunities, becoming the first London-listed company to offer crypto buying, selling, and holding after it launched, opens new tab trading in the UK in June. "We are actively looking at M&A opportunities," Chief Financial Officer Clifford Abrahams told analysts on a call. IG Group's recent acquisition, opens new tab of investment platform Freetrade more than doubled the company's active customer base to 820,000 by the end of the fiscal year to May 31. The company also plans to launch a 125-million-pound ($169 million) share buyback programme in the first half of this fiscal year. Its shares were up 6.9% at 1,132 pence around 1000 GMT. "If market turbulence persists, for which there is no shortage of triggers currently, there is a good chance buoyant trading conditions will persist," Shore Capital analyst Vivek Raja said in a note. IG Group expects to meet market expectations for total revenues of 1.11 billion pounds and cash earnings per share of 110.4 pence in the year to the end of May 2026. Adjusted pretax profit came in at 535.8 million pounds for the year ended May 31, up 17% from the year before. That compared with analysts' average expectation of 523.5 million pounds, according to a company-compiled consensus. ($1 = 0.7383 pounds)
Bloomberg
07-07-2025
- Business
- Bloomberg
FTSE 100 Live: UK Stocks Dip, Pound Slips Closer to $1.36
Here's a roundup of other companies reporting earnings today: Plus500: The online trading platform saw a slight dip in new customers during the first half, but its board remains confident in the outlook for 2025. Ferrexpo: The Ukraine-based iron ore miner said it has cut working time for employees in order to lower its costs to remain financially viable. Primary Health: The health care property investor reported a rise in net rental income for the first half, and said it sees a 'very encouraging outlook' ahead.
Gulf Today
26-06-2025
- Business
- Gulf Today
Explore UAE's most traded shares with Plus500: Emaar, Salik, DEWA & more Gulf Network
The United Arab Emirates continues to stand tall as a global business and financial powerhouse. With its striking skyline, anchored by landmarks like Emaar's Burj Khalifa, and advanced infrastructure—from road networks such as Salik to essential services delivered by DEWA—the UAE reflects a forward-looking, high-performing economy. In this dynamic landscape, investors worldwide are showing increasing interest in gaining exposure to top UAE-listed companies. One efficient way to tap into these opportunities is through Contracts for Difference (CFDs) on trading platforms like Plus500. Let's explore it: Start Trading Now Why Consider Trading UAE Shares? From real estate giants to public service providers, several UAE-based firms are among the region's most actively traded stocks. Plus500 enables retail and professional traders to access the price movements of these shares through CFDs—without requiring ownership of the actual asset. With just a few steps, users can open a Plus500 account and begin trading key local shares such as Emaar, Salik, and DEWA. Key Highlights: The UAE remains a vital hub for global trade, finance, and allow investors to speculate on both rising and falling prices without holding the underlying options enable increased exposure, but also amplify both profits and users can trade popular UAE-listed stocks on a regulated, easy-to-use platform. Open an Account Understanding CFDs Contracts for Difference are financial instruments that let traders speculate on the price movements of assets—ranging from individual stocks to commodities, forex pairs, indices, and even cryptocurrencies. CFDs are leveraged, meaning you can gain larger market exposure with a smaller upfront investment. However, it's essential to remember that leverage increases both potential gains and potential losses. Why Trade CFDs on Plus500? Plus500 is a globally regulated trading platform licensed by authorities such as the Dubai Financial Services Authority (DFSA) and the Securities and Commodities Authority (SCA) in the UAE. Features include: . A free and unlimited demo account for practice . Interactive and intuitive trading tools . A rich library of educational resources . The exclusive +Insights tool, which provides real-time data based on millions of trader positions—highlighting the most traded, bought, and sold instruments Trade with Plus500 Now UAE Shares Available on Plus500 Emaar Properties One of the largest real estate developers in the region, Emaar is listed on the Dubai Financial Market (DFM) under the ticker EMAAR. The company is known for iconic projects such as Downtown Dubai and the Dubai Mall. Salik Established in 2007, Salik operates Dubai's electronic toll collection system. It is listed on the DFM under the ticker SALIK and has quickly become one of the most watched transport-sector stocks in the UAE. DEWA (Dubai Electricity and Water Authority) Founded in 1992, DEWA is a key utility provider for Dubai, ensuring reliable electricity and water services across the emirate. The company's shares are traded under the DEWA symbol on the DFM. Trade Popular UAE Shares Now Final Thoughts With its vibrant economy and strong corporate fundamentals, the UAE offers compelling investment opportunities. Platforms like Plus500 make it easier than ever to trade the country's most influential companies through CFDs—offering flexibility, leverage, and access to real-time market data. Whether you're an experienced trader or just beginning your investment journey, trading UAE stocks like Emaar, Salik, and DEWA through Plus500 offers a streamlined way to participate in one of the region's most dynamic markets. Start exploring opportunities on Plus500 today. Trade Now
