November 21, 2019 / 7:36 AM / 22 days ago

CMC Markets hikes annual net operating income target after strong first-half

Nov 21 (Reuters) - British online trading firm CMC Markets Plc on Thursday posted a jump in first-half net operating income and lifted its full-year target, as traders adapted to changes after a regulatory crackdown on high-risk bets.

CMC, which was set up as a foreign exchange broker with a 10,000 pound investment in 1989, said net operating income surged 44.9% to 102.3 million pounds ($132.20 million) for the six months ended Sept. 30. ($1 = 0.7738 pounds) (Reporting by Safia Infant in Bengaluru; Editing by Subhranshu Sahu)

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