London Capital better after upbeat update

LONDON (Thomson Financial) – Buyers swooped on London Capital Group, 16 pence better at 301-1/2, after the financial services and online spread betting company said it expects the first-half pretax profit to be 50 pct ahead of its original expectations, reflecting client interest in its product offerings.

Five spread betting white labels were signed in the first half to June 30. The company plans to pay an interim dividend of 1.25 pence.

Tags: london capital group

This entry was posted on Wednesday, July 4th, 2007 at 2:46 am and is filed under Financial Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.