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CMC Markets cuts revenue guidance

CMC Markets cuts revenue guidance

CMC Markets (CMCX) has warned that challenging market conditions during the fourth quarter and tighter leverage restrictions on spread-betting products would result in a worse than expected decline in contracts-for-difference (CFD) and spread-betting revenue for FY2019. Chief financial officer Grant Foley also announced his resignation "to pursue other opportunities", but will stay with the group for the next six months.

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