Daily news

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    Clients can now trade with cryptocurrencies such as Bitcoin and Ethereum

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    Proceeds will help to refinance company’s debt to fund Snaitech takeover

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    Record financial results mean company is well placed to handle regulatory changes in the UK and EU, according to CEO

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    Online trading platform FxPro has cancelled an initial public offering (IPO) amid plans by the UK’s Financial Conduct Authority (FCA) to introduce new measures within the spread-betting sector.

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    Paysafe Group has denied allegations from Spotlight Research that it is enabling illegal gambling and capital control evasion in China.

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    The UK’s Financial Conduct Authority (FCA) has today (Tuesday) proposed a new set of rules for firms selling contract for difference (CFD) products to retail customers in an effort to improve standards across the sector.

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    Plus500 has said that it remains on course to achieve management expectations for the full-year after a “strong” performance in the three months through to September 30.

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    IG Group has said that despite the three months to August 31 being a “challenging” period for the firm, it was able to perform “relatively well” and post year-on-year revenue growth.

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    Online spread betting and CFD brokerage Capital Index has moved to address concerns over the impact that the UK’s decision to vote to leave the European Union (EU) will have on business.

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    GLIO Holdings is to acquire a majority stake in online trading services provider London Capital Group (LCG).

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    Charles Henri-Sabet, chief executive of London Capital Group (LCG), has said that he remains confident that the company can return to sustained growth in 2016, despite having confirmed widespread financial losses during the 12 months to December 31, 2015.

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    Asaf Elimelech, chief executive of Plus500, has highlighted the impact of ongoing ‘volatile market conditions’ as one of the main reasons behind record revenue figures in the three months to March 31, 2016.

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    IG Group has announced that it was able to post revenue of £122 million (€155.5 million/$174.6 million) in the three months to February 29, 2016, a record total for the company.

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    Plus500 has cited the impact of new customers, as well as the number of active customers accessing its services, as the main reasons behind a year-on-year jump in revenue during the 12 months through to December 31, 2015.

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    Charles Henri Sabet, chief executive of London Capital Group (LCG), has said he is optimistic about the firm achieving growth in the coming financial year, despite having suffered a number of setbacks in the 12 months through to December 31.

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    Financial trading and spread betting firm IG Group generated a rise in net revenue in the six months through to November 30, 2015.

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    Playtech has opted to pull out of its proposed merger with Plus500, despite last week stating that it was confident of completing a deal by the end of the year.

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    Playtech has said it remains confident that its proposed acquisition of Plus500 will go ahead before the end of the year, with the firm expecting a decision on its application to the Financial Conduct Authority (FCA) to be made next month.

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    London Capital Group Holdings (LCG) has cited the impact of challenging market conditions as the main reason behind year-on-year losses across key financials during the six months through to June 30.

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    Spread betting company IG Group has revealed it was able to achieve a “strong” set of results during the three months through to August 31, 2015.

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