Tweet LONDON (AFX) – Spread-betting firm London Capital Group which operates Capital Spreads said its first-half profit rose almost five fold, buoyed by strong growth in customer numbers. The company, which offers online financial spread betting and foreign exchange trading services, said pretax profit for the six months to June 30 came in at 1.65 [...]

Tweet DELTA INDEX, the financial spread-betting company backed by former AIB chief executive Tom Mulcahy, is seeking to tap investors for up to €2m in a fundraising that values the four-year-old company at more than €10m. Mulcahy spent €500,000 earlier this year on a 7% stake in the company when it was valued at €6m. [...]

Tweet Execution-only broker TD Waterhouse has unveiled its new online Financial Spread Betting service. “Financial spread betting is a highly adaptable trading tool enabling investors to gain access to a wide range of markets in an easy and cost-effective manner,” said TD Waterhouse UK chief executive Michael Foulkes. “Our customers will be able to gain [...]

Tweet Currency trader and spread-betting company IFX Group Plc said it would back a 58 million pound takeover plan by rival City Index, which made an initial approach in March. City Index has offered 180 pence in cash per share, or around 57.9 million pounds. “The IFX directors have considered the implications for all stakeholders [...]