CMC Markets expects FY22 revenue to reach £280 million

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="CMC markets" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/03/CMC-markets.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Lord Cruddas, the CEO of <a target="_blank" href="https://www.leaprate.com/tag/cmc-markets/" rel="noopener">CMC Markets</a>, commented:</p>
<div><img aria-describedby="caption-attachment-437057" class=" wp-image-437057" src="https://www.leaprate.com/wp-content/uploads/2021/01/Peter-Cruddas.jpg" alt="Peter Cruddas, CMC Markets" width="107" height="107" srcset="https://www.leaprate.com/wp-content/uploads/2021/01/Peter-Cruddas.jpg 298w, https://www.leaprate.com/wp-content/uploads/2021/01/Peter-Cruddas-150×150.jpg 150w, https://www.leaprate.com/wp-content/uploads/2021/01/Peter-Cruddas-245×245.jpg 245w" sizes="(max-width: 107px) 100vw, 107px" /><p>Peter Cruddas<br />Source: LinkedIn</p></div>
<blockquote><p>I am delighted to report another year of strong performance both strategically and financially. Outside of the pandemic year (Financial year ending March 2021), this is a record net operating income result for the company. The performance reflects the ongoing success of our B2B technology partnerships and focus across our leveraged and non-leveraged businesses.</p></blockquote>
<h3>Share buyback program</h3>
<p>Earlier in March, CMC Markets began <a target="_blank" href="https://www.leaprate.com/forex/brokers/cmc-markets-commences-30-million-share-buyback-program/" rel="noopener">a major share buyback program</a>, allocating £30 million. The company has already started the re-purchase with an aim to reduce its share capital.</p>
<p>Lord Cruddas said:</p>
<blockquote><p>This business continues to change as we look to utilize our technology to enter new markets and expand our non-leveraged offering. I look forward to updating investors as the strategy expands over both the short and long-term.</p></blockquote>
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