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Fidessa Group PLC (FDSA.L)

FDSA.L on London Stock Exchange

2,526.00GBp
15 Dec 2017
Change (% chg)

-36.00 (-1.41%)
Prev Close
2,562.00
Open
2,597.00
Day's High
2,597.00
Day's Low
2,526.00
Volume
48,655
Avg. Vol
53,653
52-wk High
2,675.00
52-wk Low
2,020.00

Latest Key Developments (Source: Significant Developments)

Trading and investment services firm Fidessa to benefit from regulatory changes
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Fidessa Group Plc :FIDESSA - REMAINS UNCLEAR EXACTLY HOW CUSTOMERS WILL BE AFFECTED BY REGULATORY, STRUCTURAL, POLITICAL CHANGES, EXPECTS OPPORTUNITIES TO DEVELOP​.FIDESSA GROUP PLC - ‍"WELL POSITIONED TO BENEFIT FROM OPPORTUNITIES THAT WILL ARISE IN MARKETS AS A RESULT OF REGULATORY AND STRUCTURAL CHANGE​".FIDESSA - SEEMS CLEAR MIFID II WILL GO AHEAD AS PLANNED ALTHOUGH FIDESSA BELIEVES THAT THERE WILL BE SOME PHASING IN WAY IT IS IMPLEMENTED DURING 2018​.FIDESSA GROUP PLC - ‍"EXPECT THAT 2017 CONSTANT CURRENCY REVENUE GROWTH WILL BE AROUND LEVELS SEEN DURING 2016​".  Full Article

Fidessa says FY pretax profit up 25 pct to 48.8 mln stg
Monday, 13 Feb 2017 

Fidessa Group Plc : Says preliminary results for year ended Dec. 31 2016 . Says 64 pct of total revenue accounted for outside of Europe, with 73 pct denominated in non-sterling currency. . Says good international spread providing stability against uncertainty following Brexit vote and U.S. election. . Says solid revenue growth across all regions. . Says recurring revenue representing 87 pct of total revenue. . Says strong cash generation, with 95.2 mln stg cash balance after dividend payments of 32.5 mln stg. . Says final and special dividends declared, bringing total 2016 payout to 92.5 pence per share. . Says expect headwind seen in 2016 as a result of consolidations and closures within our customer base will now start to reduce. . Says continue to believe that we are well positioned to benefit from opportunities that will arise in markets as a result of regulatory and structural change . Says revenue of 331.9 mln stg which represents growth on a reported basis of 12 pct (2015: 295.5 mln stg and 7 pct growth) . Says on a constant currency basis, revenue growth of 3 pct compares with 4 pct in 2015. . Says recurring revenue of 287.8 mln stg grew 14 pct and represents 87 pct of total revenue (2015: 252.5 mln stg, 85 pct of total revenue). . Says revenue for sell-side business of 308.9 mln stg grew 13 pct (2015: 273.6 mln stg and 4 pct growth).  Full Article

Fidessa says there is a degree of uncertainty as a result of Brexit
Monday, 1 Aug 2016 

Fidessa Group Plc : Interim dividend up 9 percent to 14.3 penceper share . Says for six months to 30th june 2016, fidessa achieved revenue of £158.3 million, represents growth on a reported basis of 9% . Says h1 recurring revenue of £136.4 million grew 8% and represents 86% of total revenue . Says h1 diluted earnings per share have increased by 9% to 40.9 pence . Says fidessa continues to believe that it will benefit from opportunities that will arise as a result of changes in regulation . Says fidessa expects that 2016 constant currency growth will be around levels that it has seen in first half . Says on a constant currency basis, revenue growth of 4% compares with 3% growth for six months ended 30th june 2015 . Says h1 revenue for sell-side business grew 9% and for buy-side business grew 5% . Says h1 derivatives revenue of £18.9 million grew 30% . Says total h1 operating expenses for six months ended 30 th june 2016 grew 8% to £136.5 million . Says h1 operating profit has increased 15% to £22.0 million . Says closed H1 with a cash balance of £66.9 million (2015: 61.6 mln stg) and no debt .Says Fidessa continues to see structural and regulatory drivers within market, there is a degree of uncertainty as a result of brexit.  Full Article

Fidessa Group PLC announces final dividend
Monday, 15 Feb 2016 

Fidessa Group PLC:Says ordinary dividend for the year has increased 1 pct. to 38.5 pence (2014: 38.1 pence).Says final dividend, if approved by shareholders, will be 25.4 pence and payable on June 10, 2016 to shareholders on register on May 13, 2016, with ex-dividend date of May 12, 2016.  Full Article

RJ O'Brien signs with Fidessa for MiFID II tools

LONDON, Dec 12 (IFR) - RJ O'Brien, the independent futures broker, has signed an agreement to distribute Fidessa's futures and options workstation to its institutional clients for compliance with sweeping MiFID II reforms that are set to take effect on January 3.