Daily news

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    Online financial trading platform BuzzTrade has secured a sponsorship deal with Portuguese Primeira Liga top-tier football club FC Porto.

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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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    Playtech has moved to update the market on the progress of its acquisitions of both Plus 500 and Ava Trade.

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    Plus500 has revealed a year-on-year jump in revenue in the six months through to June 30, despite the online trading company having been temporarily suspended from operating in the regulated UK market during the period.

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    Playtech has announced that almost all of its shareholder base has voted in favour of its previously announced acquisition of Plus500.

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    Chris Hill is to step down from his role as chief financial officer at spread betting company IG Group in order to take up a similar position with financial services firm Hargreaves Lansdown.

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    Spread betting and CFD trading firm CMC Markets has agreed a deal to become an official partner of Ben Ainslie Racing, the UK’s entry for the 35th edition of the America’s Cup sailing series.

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    Financial spread betting company IG Group has revealed that it was able to make “good progress” on a number of its strategic initiatives during the 12 months to May 31, 2015, but has also confirmed Tim Howkins will resign as chief executive later this year.

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    XLMedia has cited the impact of its ongoing growth strategy as one of the main reasons behind a year-on-year jump across key financials during the six months through to June 30.

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    Spread betting company Sporting Index has launched a new website for desktop users.

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    Online trading company Plus500 has moved to expand its sponsorship deal with Atletico Madrid in order to become the new main sponsor of the Spanish Liga top-tier football club.

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    Gaming software and services supplier Playtech’s proposed takeover of Plus500 could be under threat after the Israeli spread betting firm’s largest shareholder said it would oppose the bid.

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    Gaming software and services supplier Playtech has struck a deal to acquire the entire issued ordinary share capital of Plus500 in a deal that values the Israeli spread betting company at approximately £459.6 million (€641.5 million/$702 million).

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    Financial spread betting provider IG Group Holdings has revealed in a trading update that it remains “on track” to deliver against full-year expectations for the 12 months through to May 31.

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    Israeli spread betting company Plus 500 has suffered a significant drop in its share price after it was forced to freeze thousands of customer accounts in order to carry out money laundering checks.

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    Spread betting company Sporting Index has revealed that it was able to process a record number of bets during last week’s UK general election.

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    Magnus Hedman, owner of sports betting risk management firm Touchbet, has been revealed as the new majority shareholder of online gaming operator Pinnacle Sports.

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    Charles-Henri Sabet, the newly appointed chief executive officer of London Capital Group Holdings (LCG), has said that a new growth strategy has been put in place for the online financial services and spread betting firm this year following dips in key financials in 2014.

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    Sporting Index owner HgCapital sells sports spread-betting operator to private investor for undisclosed amount.

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