Retail forex and CFD broker Plus500 Ltd (LON:PLUS) has issued a statement that it has decided to resume the onboarding new customers to its UK-based, FCA-regulated unit Plus500UK. It will begin taking clients into Plus500UK beginning next month. Plus500 halted taking new clients into its UK unit back in May, as part of an ongoing investigation into…
Read moreThe holy grail of many startup companies, tech and otherwise, is the IPO. An IPO, or initial public offering of company stock, has numerous advantages for startups and is done for a variety of reasons including: formally establishing a public valuation for a company, gives early stage shareholders and employees the chance to cash in…
Read morePlus500 shares are up more than 45% since the deal was called off.
Read moreOnline gaming operator GVC Holdings PLC (LON:GVC) today announced the appointment of Shay Segev to the newly established role of Chief Operating Officer. Mr Segev is a former Chief Operating Officer of Playtech PLC (LON:PTEC) and is considered one of the leading technology and product experts in the online gaming industry. In this new role,…
Read moreWell it has taken a few days, but it looks like stock market investors are once again getting behind an independent Plus500 Ltd (LON:PLUS). We had reported soon after details emerged of Playtech cancelling its acquisition of Plus500, that shares of both companies were taking it on the chin. Playtech traded down more than 10%, as…
Read moreA hectic day on the Forex M&A front, and a very heavy day for Playtech PLC (LON:PTEC)... After Playtech announced a termination of its agreement with Plus500 Ltd (LON:PLUS) earlier today, the company saw another proposed acquisition – that of CFD and Forex broker AvaTrade, called off. Playtech's Board has just announced that the shareholders of…
Read moreFollowing an announcement from this morning about the termination of the proposed acquisition of Plus500 Ltd (LON:PLUS) by Playtech PLC (LON:PTEC) due to regulatory issues, shares in both companies opened way below Friday close levels. At London market open today, one share in Plus500 traded per 280p, much lower than the 400p per share that Playtech…
Read moreFollowing the announcement of the termination of the proposed acquisition of Plus500 Ltd (LON:PLUS) by Playtech PLC (LON:PTEC), the CFD and Forex broker unveiled its plans for an independent future. Interim Dividend Under the terms of the proposed acquisition by Playtech the Board agreed not to declare an Interim Dividend for 2015. However, after the termination…
Read moreThe mergers and acquisitions world is full of risks, with one more piece of proof just provided from Playtech PLC (LON:PTEC)... The company has been waiting for a nod of approval from the Financial Conduct Authority (FCA) for the proposed acquisition of Plus500 Ltd (LON:PLUS) but after an update from the UK regulator late on…
Read moreThe following is a guest post courtesy of Andrew Moody, Content and PR Executive at Sense PR. [divide] It may sound like an unlikely transition to some, but in the wake of much stricter gambling legislation, Playtech PLC, the world's largest online gaming software supplier has made the strategic decision to move into the Foreign Exchange market. Founded…
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