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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.