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fiscal year 2023

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Payments

IFX Payments’ Ibanq Fuels Record-Breaking Year with 59% Profit Surge

  • The company's strong performance is attributed to its flagship product, ibanq.
  • Key executive hires and global expansion efforts also played a vital role.
Tuesday, 28/05/2024 | 08:45 GMT by Damian Chmiel
Retail FX

XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023

  • One of the XTX's UK entities reported a drop in net revenue to £8.4 million.
  • However, the management considers the results satisfactory given the exceptionally strong performance in 2022.
Sunday, 19/05/2024 | 11:59 GMT by Damian Chmiel
Payments

ClearBank Goes from £7.1M Loss to £18.4M Profit in One Year

  • The company achieved profitability in 2023 despite the challenging financial landscape.
  • On top of that, the value of held deposits rose to £6.1 billion.
Thursday, 04/04/2024 | 08:10 GMT by Damian Chmiel
Retail FX

Plus500’s Net Profit Fell by 40% in 2023

  • Total revenues also shrank 14% to $726 million.
  • However, the company managed to acquire over 90,000 new customers.
Tuesday, 02/04/2024 | 07:03 GMT by Damian Chmiel
Retail FX

Playtech Boosts Revenue to €1.7B Thanks to Key Milestone in B2C

  • The company exceeds expectations with 9% Adjusted EBITDA growth.
  • However, the profit after tax fell slightly, decreasing 2% compared to 2022.
Wednesday, 27/03/2024 | 07:43 GMT by Damian Chmiel
FinTech

CAB Payments' Expansion Strategy Pays Off with 25% Income Rise

  • Despite higher gross income, the company reported lower profit after tax.
  • It fell 29% to £23.9 million from £33.4 million achieved a year earlier.
Tuesday, 26/03/2024 | 07:56 GMT by Damian Chmiel
Retail FX

iSAM Securities UK Unit’s Revenue Falls 11% as Trading Environment Weakens

  • The financial results turned out to be visibly worse than the previous year.
  • However, the London-based prime broker is gearing up for expansion with new offerings.
Thursday, 14/03/2024 | 11:07 GMT by Damian Chmiel
Institutional FX

MarketAxess Reports Higher Net Income and Volume in 2023, Fueled by X-Pro Platform

  • The company reports 11% revenue growth in Q4 and substantial gains in 2023.
  • The new platform and volume growth drove positive results.
Wednesday, 31/01/2024 | 12:21 GMT by Damian Chmiel
FinTech

Fintech Fintel Reveals 2023 Results and Two Expansion Moves

  • The company reported a jump of 6% EBITDA to £20.5 million.
  • However, Fintel share price fell following the trading update.
Tuesday, 30/01/2024 | 10:04 GMT by Damian Chmiel
FinTech

Equals Group Ends 2023 on High Note with 37% Revenue Surge

  • The rise was driven by growth in its Solutions business and B2B products.
  • Despite an ongoing strategic review, Equals expressed confidence in its growth prospects.
Tuesday, 16/01/2024 | 08:01 GMT by Damian Chmiel
Retail FX

Infinox Cites "Challenging" Market Conditions amid FY23 Net Loss

  • The FX/CFD broker did not achieve profitability during last year, report a net loss of £5.4 million.
  • The company claims that it has achieved new records within its main KPIs.
Wednesday, 27/12/2023 | 16:33 GMT by Damian Chmiel
CryptoCurrency

CFTC Tightens the Cryptocurrency Screw: In FY23, 50% of Cases Were Crypto-Related.

  • 49% of all regulatory actions concerned the digital assets market.
  • As part of the whistleblower program, the CFTC paid out $16 million in a year.
Wednesday, 08/11/2023 | 11:52 GMT by Damian Chmiel
Retail FX

Three IG Group Subsidiaries Report Mixed Results for Fiscal Year 2023

  • Profits reported by IG Markets and IG Index decreased slightly in FY23.
  • However, IG Trading and Investments reported a robust growth.
Tuesday, 31/10/2023 | 08:05 GMT by Damian Chmiel
Institutional FX

Tavira Financial's Revenues Rise but Bottom Line Suffers in FY23

  • The company joins the broader industry trend of higher revenues but shows a lack of profit in 2022.
  • The net result deteriorated 125%.
Tuesday, 10/10/2023 | 11:35 GMT by Damian Chmiel
Institutional FX

Beeks’ Revenue Soars to £23.8 Million, but Where Did the Profit Go?

  • The publicly-listed company announced a revenue increase of 22% in FY2023.
  • However, the net profit turned negative.
Monday, 02/10/2023 | 07:05 GMT by Damian Chmiel
Retail FX

Hargreaves Lansdown Defies Economic Headwinds with 50% Surge in Profits

  • Hargreaves Lansdown profits reached £402.7 million for FY23.
  • The firm's client base expanded by 67,000, with AuA climbing 8% to £134 billion.
Tuesday, 19/09/2023 | 07:15 GMT by Damian Chmiel
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