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Markets News

UK's CMC Markets upbeat on outlook even as costs rise

Sept 3 (Reuters) - Online trading platform CMC Markets said on Thursday it expects 2021 earnings to surpass the higher end of market consensus, while pointing to a rise in costs as it brought on more clients for its services.

“Client income retention has remained particularly strong and well in excess of the guidance of above 80%,” the British company said, adding that trading performance in July and August was strong.

Reporting by Aniruddha Ghosh in Bengaluru; Editing by Amy Caren Daniel

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