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CMC has had a dramatic couple of years, with an initial boom during the pandemic which plummeted into a profit warning last September after a sharp slowdown in trading activity.
Since then, the company has been looking to split the business into two, and already has a strong share trading arm in
In yesterday's statement, Lord
"In addition, the team is on track to launch our new
The firm added it was confident in hitting net operating income within the range of £250m to £280m for the full year, in line with expectations.
The confident announcement stands in contrast from the firm's disappointing half-year announcement in November, which saw revenues halved to £128m. This was perceived as a massive blow to Cruddas, who owns more than 60 per cent of the stock.
(c) 2022 City A.M., source