British online trading group CMC cuts annual earnings outlook
Sept 2 (Reuters) – Online trading platform CMC Markets (CMCX.L) on Thursday slashed its annual earnings outlook by 50 million pounds ($68.91 million) as reduced market volatility resulted in lower trading across new and existing clients.
The British company now expects fiscal year 2022 operating income between 250 million pounds and 280 million pounds after saying in July it was confident of generating in excess of 330 million pounds.
($1 = 0.7256 pounds)
Reporting by Chris Peters in Bengaluru; Editing by Subhranshu Sahu
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