Shares in foreign exchange risk management and alternative banking solutions group Alpha FX (AFX:AIM) gained 4.5% to reach a new all-time high of £18.74 after reporting 90% growth in first half revenues. A broad recovery in client activity post lockdown as well as continued growth from new territories drove the strong growth in revenues which reached £34.2 million at 30 June 2021, up from ...

Shares in foreign exchange risk management and alternative banking solutions provider Alpha FX (AFX:AIM) gained 3% to £16.10 after the firm said full year earnings would exceed market expectations. Today’s upgrade follows an increase in guidance issued just over a month ago as trading remained strong through June. Since that update, analysts have raised their earnings estimates by ...

Shares in foreign exchange risk management and alternative banking solutions company Alpha FX (AFX:AIM) gained 6% to £15.90 after the company said trading in the first five months of the year had been positive across the whole business. The company said the established corporate division that supports institutions across the UK, Europe and Canada who trade currencies for commercial ...

UK stocks dropped on Wednesday as investors awaited news from the latest US Federal Reserve meeting for clues on its future interest rate policy after recent market worries over rising inflation. Both the S&P 500 and Nasdaq 100 indices traded lower, adding to the selling pressure on the FTSE where gains in financials were offset by weakness in mining and energy shares. At the close the ...

UK stocks dropped on Wednesday as gains in financials were offset by weakness in mining and energy shares. At midday the FTSE 100 index of leading shares was down 35 points or 0.5% to 6,768 points. Overnight trading in Asia was quiet with the Nikkei 225 and SE Composite indices slightly down. Investors are awaiting news from the latest US Federal Reserve meeting later today for clues on ...

Foreign exchange and alternative banking solutions company Alpha FX (AFX:AIM) enjoyed a strong 2020 despite Covid-19 headwinds as it reported a 31% jump in full-year  revenues to £46.2 million and 20% rise in underlying pre-tax profit to £17.5 million. The shares were unchanged at £13.95, having risen 40% over the last six-months, with the results in-line with market expectations. The ...

UK stocks dropped on Wednesday as weak mining and energy shares dragged offset by gains in financials. Overnight trading in Asia was quiet with the Nikkei 225 and SE Composite indices slightly down. Investors are awaiting news from the latest US Federal Reserve meeting later today for clues on future interest rate policy given recent market worries over rising inflation. 5G CAPACITY BOOST ...

After a strong morning session, lifted by hopes of further fiscal stimulus in the US, UK stocks gave up most of their day’s gains on Thursday as momentum was undermined by weak economic data and a sharp fall in oil prices. At the close the FTSE 100 index was up just 13 points or 0.2% to 5,879, with Brent oil prices tumbling 5% to $40 per barrel which sent shares in big oil stocks BP (BP.) and ...

A combination of hopes for further US fiscal stimulus and signs that the government was shying away from a new national lockdown helped lift UK stocks in late morning trade. At lunchtime the FTSE 100 index was up 0.9% to 5,917, homing back in on the psychologically-important 6,000-point level again thanks to strength in materials stocks such as DS Smith (SMDS), Mondi (MNDI) and Smurfit Kappa ...

Foreign exchange risk management and payments specialist group Alpha FX (AFX:AIM) upgraded its expectations for full-year profit on Thursday following a continuation of strong trading in September. The shares added 1.4% to £10.90. Business momentum has continued after strong July and August trading as reported at the interim results on 2 September with growth coming from both the FX risk ...

Director dealing activity in the past week has picked up significantly with some company bosses and directors putting their money where their mouth is, and others taking advantage of big share price recoveries to trim their holdings. One of the most notable deals involves Domino’s Pizza (DOM) non-executive director Usman Nabi, who is also founder and chief investment officer of hedge fund ...

The FTSE 100 surged 1.6% to 5,956.50 by lunchtime on Wednesday, driven by increased optimism over the strength of economic recovery and the potential for a coronavirus vaccine this year. It comes as a report from Nationwide Building Society showed a strong recovery in the housing market and said UK house prices increased by the most in 16 years, stoked by cut to stamp duty. Values rose 2% from ...

Foreign exchange and payments group Alpha FX (AFX:AIM) reported interim revenues 16% higher to £18 million for the period ended 30 June, while operating profits dipped 5% to £5.9 million after charging a £0.5 million provision. The shares gained 3.4% to 920p. RESILIENT PERFORMANCE The core UK market which represents two thirds of the business experienced some delays from clients during ...

The FTSE 100 opened 1% higher on Wednesday at 5,930 points driven by increased optimism over the strength of economic recovery. Overnight trading in Asian saw China’s Shanghai Composite fall slightly while Japan’s Nikkei 225 index gained 0.5%. Brent Oil was trading 0.8% higher to $46 a barrel while Gold sank 0.6% to $1,958 an ounce. The pound was slightly lower against the US dollar at ...

Shares in foreign exchange specialist Alpha FX (AFX:AIM) were in demand today, up 9% to 750p, after the group reported revenues 16% higher at £18 million for the first-half to 30 June. Also helping sentiment was news that it had received a payment on an outstanding £10.2 million balance of a Norwegian client on schedule, as per the settlement deal agreed. The agreement requires the client ...

Shares in foreign exchange (FX) broker Argentex (AGFX:AIM) soared after it reported a 30% jump in revenue to £29m, around 3% higher than analysts’ expectations, in a trading statement for the year to 31 March. The shares rose 17.5% to 117p, in part due to relief the firm didn’t report an increase in bad debts unlike fellow peer foreign exchange broker Alpha FX (AFX:AIM) which warned on ...

Foreign exchange (FX) and payments business Alpha FX (AFX:AIM) is facing a £30.2m black hole after one of its key clients was unable to lodge collateral. This forced the company to axe its dividend and saw investors sell the shares down 38% to 584p. Coming just eight trading days after reporting a strong set of full-year results on 18 March, the company said it has seen an ...

Few firms will be left unscathed from the knock-on economic effects of global actions to contain coronavirus, with recession almost assured over the next few months. The burden will certainly be felt most in the consumer facing sectors of the economy, but not all businesses will be affected to the same extent. Two recurring themes that separate the following firms include a flexible operating ...

UK stocks opened lower after Iranian forces fired ballistic missiles at two US air bases in neighbouring Iraq, increasing the threat of direct conflict. The FTSE 100 index of leading stocks dropped 36 points or 0.5% to 7,538 while the FTSE 250 mid-cap index also lost 0.5% to 21,720. Once again the only sectors in the black were Mobile Telecoms, Oil Producers, Oil Services and Tobacco. The ...

£4BN+ MARKET CAP JD Sports Fashion (JD.) +117% Retail sector darling JD Sports Fashion (JD.) sprinted higher once again in 2019. The branded sports and casual wear purveyor stormed into the FTSE 100 on record results and consistent earnings upgrades. Like-for-like growth in the core sports fashion business was driven by the savvy mining of an athleisure boom among youthful ...