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.
IC TIP:
Hold
at
730p