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CMC Markets Lowers FY24 Outlook, Shares Tumble

CMC Markets Lowers FY24 Outlook, Shares Tumble
CMC Markets (LON: CMCX) has released a trading update today (Friday), revealing its expectations of a lower net operating income between £250 and £280 million for fiscal 2024. It is significantly lower than a consensus estimate of £334.8 million. CMC Markets Lowers Income Outlook The London-listed broker highlighted that “subdued market conditions have continued through August with trading and investing net revenues trending 20% lower year-on-year. August, in particular, has seen a more challeng... Read More
Posted: Aug 25 2023, 08:07
Author Name: financemagnates
Views: 102586

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