British online trading group CMC cuts annual earnings outlook

British online trading group CMC cuts annual earnings outlook


Dealers work at their desks whilst screens show market data following a vote on Prime Minister Theresa May’s Brexit ‘plan B’ at CMC Markets in London, Britain, January 30, 2019. REUTERS/Dylan Martinez

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

Our Standards: The Thomson Reuters Trust Principles.



Source link

1business1_lm15r8

1business1_lm15r8

Leave a Reply

Your email address will not be published. Required fields are marked *