The Newshound

Trading platform Plus500 upgrades its annual outlook after signing up 27% more new customers in the third quarter

The FTSE 250 group added 28,747 customers in the three months to September 30. Quarterly revenues rose 11% to 203.2 million US dollars (£152.2 million), and underlying earnings climbed 7% to 88.4 million dollars. Full-year results are now expected to beat the 837.6 million dollars in revenue analysts had forecast. Chief executive David Zruia said the firm is drawing 'higher-value customers'.

Plus500 moved into prediction markets in February, where traders bet on real-world outcomes.

It added sporting events in June as the World Cup kicked off across North America.

It has agreed deals to buy two broker-dealers, one in the US and one in Brazil.

MoreYahoo News UKPlus500 upgrades annual outlook amid jump in new customersBdailyPlus500 upgrades annual outlook amid new customer jump - BdailyLondon South EastLONDON BRIEFING: Computacenter lifts outlook, Plus500 upbeat
Read today's full feed at The Newshound →