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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