CMC Markets Shares Drop on Underwhelming Update -- Market Talk

Dow Jones

2025/01/23

0821 GMT - Shares in CMC Markets slumped as much as 10% after the online trading platform's update fell short of expectations, Shore Capital analyst Vivek Raja writes in a note. "The share price has been strong over the past couple of weeks, so to the extent the market was expecting a more positive trading update today--perhaps more news on how the Revolut partnership has progressed--we could imagine some weakness today," Raja says. The company backed its outlook for revenue and costs for the year. Shares pare gains to trade at 244 pence, down 7.7%. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

January 23, 2025 03:22 ET (08:22 GMT)

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The company backed its outlook for revenue and costs for the year. Shares pare gains to trade at 244 pence, down 7.7%. 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The company backed its outlook for revenue and costs for the year. Shares pare gains to trade at 244 pence, down 7.7%. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 03:22 ET (08:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0882574139.USD","symbol_name":"富达环球消费行业基金A ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505651200","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505651200","pubTimestamp":1737620520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0821 GMT - Shares in CMC Markets slumped as much as 10% after the online trading platform's update fell short of expectations, Shore Capital analyst Vivek Raja writes in a note. \"The share price has been strong over the past couple of weeks, so to the extent the market was expecting a more positive trading update today--perhaps more news on how the Revolut partnership has progressed--we could imagine some weakness today,\" Raja says. The company backed its outlook for revenue and costs for the year. Shares pare gains to trade at 244 pence, down 7.7%. 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The company backed its outlook for revenue and costs for the year. Shares pare gains to trade at 244 pence, down 7.7%. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2025 03:22 ET (08:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}