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financial-results
Nuvei Reports $357.6 Million Revenue Ahead of Advent Buyout
- The fintech company reported a net income of $17.2 million, marking a significant turnaround from last year's loss.
- It is also proceeding with its $6.3 billion take-private transaction with Advent International, expected to close this year.
Wednesday, 13/11/2024 | 07:32 GMT by
Damian Chmiel
Digital Infrastructure Provider Equinix Posts $2.2 Billion Quarter on AI Surge
- Equinix reports a strong Q3 2024 with 7% revenue and net income growth compared to the previous year.
- The company's xScale portfolio shows robust demand, with 385 megawatts leased globally.
Thursday, 31/10/2024 | 09:45 GMT by
Damian Chmiel
FXCM UK Reports Whopping Profit Decline in 2023 as Traders Activity Wanes
- Stratos Markets Limited showed a net loss for 2023, a stark contrast to the previous year's profit.
- The company attributed the slump to decreased market volatility, with retail trading volumes down 37.6%.
Wednesday, 16/10/2024 | 06:54 GMT by
Damian Chmiel
Broker’s Exit Suggests £1.3 Million Net Profit Is Insufficient for The UK CFD Market
- TrivePro decided to wind down operations despite reporting net profits two years in a row.
- Although revenue dropped 18% in 2023, financials did not indicate any serious issues for the CFD company.
Thursday, 10/10/2024 | 08:38 GMT by
Damian Chmiel
B2B Focus Pays Off for UK Payment Firms in H1 2024 Results
- Equals Group and Finseta reported strong financial results for H1 2024, with significant revenue growth.
- They are investing in new technologies to capitalize on the growing demand for innovative payment solutions.
Tuesday, 10/09/2024 | 08:00 GMT by
Damian Chmiel
Trade Nation UK Struggles with Profitability as Staff Costs Rise 26%
- The company's operations experienced a downturn in 2023, with turnover decreasing by 5% and a net loss of £2.2 million.
- It attributes this to increased staff and marketing expenses, despite growth in other jurisdictions.
Tuesday, 20/08/2024 | 09:17 GMT by
Damian Chmiel
Equinix's 86-Quarter Growth Streak Accelerates as AI Wave Drives Record-Breaking Results
- The company reported strong Q2 results with 7% revenue growth and raised its full-year guidance.
- It is expanding globally to meet surging demand for digital infrastructure and AI-related services.
Thursday, 08/08/2024 | 06:24 GMT by
Damian Chmiel
TP ICAP Flexes Financial Muscle with Record £170M Profits and New £30M Buyback
- TP ICAP reports 3% revenue growth and 9% EBIT increase in H1 2024, announces third share buyback.
- The company sees strong performance in E&C, Parameta Solutions and Liquidnet divisions.
Wednesday, 07/08/2024 | 06:39 GMT by
Damian Chmiel
StoneX FX/CFDs Revenue Up by 6%, but FINRA Fine Overshadows Record Operating Numbers
- The company achieved the highest revenues in its history, $468.5 million, and higher CFD numbers.
- However, the positives are eclipsed by a decline in net profit and a fine of $75,000.
Wednesday, 07/08/2024 | 06:25 GMT by
Damian Chmiel
CoinShares' Q2 2024 Record Revenues Overshadowed by £22M FlowBank Impairment
- CoinShares reported doubled revenue, but faced a significant setback due to FlowBank's bankruptcy.
- On a positive note, the company completed the sale of its FTX claim, achieving a 116% recovery rate.
Tuesday, 06/08/2024 | 06:52 GMT by
Damian Chmiel
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