CMC Markets lifts FY net operating income guidance after strong Q3

(Sharecast News) - Online trading platform CMC Markets lifted its full-year net operating income guidance on Monday as it hailed a strong performance in the third quarter. The company now expects FY24 net operating income of between £290m and £310m, up from previous guidance of £250m to £280m.

It said the strong performance was driven by an improvement in market conditions, which was led by an increased contribution from the B2B and institutional business, with the group benefiting from the long-term investments in this area.

The next scheduled update to the market will be the FY24 pre-close update on 9 April.