Half Year Results 

Plus500 prospers beneath regulatory axe

Plus500 prospers beneath regulatory axe

Even tighter regulatory restrictions may be looming on the horizon for the spread-betting industry, but Plus500 (PLUS) is speeding ahead in the interim. The Israel-based group – which allows customers to take long or short positions on a variety of market instruments via contracts for difference – doubled its cash profit during the six months to the end of June to $119m (£91.2m). Management announced a further $27.2m share buyback, in addition to the $10m announced in June.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now