logo
Just in:
CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // TVM –Mangaluru Vande Bharat claims top spot // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // ADIA and partners establish $1.4 billion aviation venture // Cloudflare unveils Zero Wire vulnerability intelligence service // Kochi police detain two actors over bid to honey trap doctor // Emaar approves Development buyout ahead of planned delisting // Millions Of Indians May Soon Be Deprived Of Government Assistance // Ousted top Kochi cop gets IG post // OpenAI identifies 948 Linux privilege escalation flaws using AI // UK air traffic outage inflicted £33m financial losses // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Middle East governments assess Iran war after US vote // Oil and chip shares retreat after Democratic victories // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Technology shares plunge as Nasdaq enters correction // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // APT29-linked campaign exploits outdated Apple and Android software //
0 likes

Spread-better shares drop 30% after FCA clampdown

Ouch.

Shares in spread-betters have tanked after the Financial Conduct Authority announced a comprehensive series of proposals to tighten up on a business that it says is poorly understood by clients. Over 80 per cent of customers lose money on these financial-market bets, the FCA said.

At pixel time:

  • CMC Markets shares are down by over 30 per cent to 128.4p.
  • Shares in IG Group are down 22 per cent to 611p.
  • Plus 500 shares are down 29 per cent to 348p.

Listed in February, CMC Markets was founded by City financier and Brexit campaigner Peter Cruddas.

Source link

Notice an issue?

Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.

Loading next story…

Related news

Just in:
Emirates Group records AED 4.1 billion half-year profit // Cloudflare unveils Zero Wire vulnerability intelligence service // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Technology shares plunge as Nasdaq enters correction // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Meraas showcases five residential zones at Dubai Design Week // APT29-linked campaign exploits outdated Apple and Android software // Ousted top Kochi cop gets IG post // OpenAI identifies 948 Linux privilege escalation flaws using AI // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // Middle East governments assess Iran war after US vote // UK air traffic outage inflicted £33m financial losses // Kochi police detain two actors over bid to honey trap doctor // Dubai boat show confirms international shipyard line-up for November // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Millions Of Indians May Soon Be Deprived Of Government Assistance // Emaar approves Development buyout ahead of planned delisting // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Oil and chip shares retreat after Democratic victories // TVM –Mangaluru Vande Bharat claims top spot //