0818 GMT - CMC Markets should keep on growing profitably as it is becoming an increasingly diversified business, Peel Hunt says after the London-listed online trading platform issued a short update backing its annual guidance. The business is continuing to evolve into a more broadly-based fintech platform, which it is able to monetize, and this isn't recognized in the share price, analysts write. Better operating margins will be achieved through appropriate levels of investment, they add in a research note. "We believe partnerships with companies like Revolut and ASB Bank confirm the long-term potential of monetizing the platform through third-party customer bases," they note. Shares fall 9.4% to 240 pence. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 23, 2025 03:18 ET (08:18 GMT)
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