1011 GMT - CMC Markets' consensus isn't expected to move much after 1H revenue came in as expected, Jefferies analysts say in a note. The online trading platform swung to a pretax profit on broad-based revenue growth, Jefferies says. Trading net revenue rose 50% to 131.3 million pounds, with interest income up 46% at 23.4 million pounds. The board backed its guidance and focus remains on cost control and increasing profitability through investments. "CMC remains more highly rated than larger peers," Jefferies says. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
November 21, 2024 05:12 ET (10:12 GMT)
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