Abstract:Alpha FX Group PLC - London-based foreign exchange risk management and international payments
Alpha FX Group PLC - London-based foreign exchange risk management and international payments - Says revenue is up 68% in 2021 to GBP77.5 million, from GBP46.2 million in 2020, as client numbers increase by 27%. Second half revenue breaks historic records at GBP43.3 million. Profit before tax nearly doubles year-on-year to GBP33.2 million from GBP17.1 million.
Alpha declares a final dividend of 8.0 pence per share, for a total of 11.0p, up 38% year-on-year from 8.0p. Its outlook for the coming year remains positive, as it focuses on growing Alternative Banking Solutions, and expanding its FX Risk Management's UK success to overseas markets.
“We have consistently delivered year-after-year, even in the most testing of macro environments, and 2021 was no exception. Our capabilities, cash position and governance have never been stronger - bolstered by a healthy and balanced management bandwidth and clear and considered strategy,” says Chief Executive Officer Morgan Tillbrook
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
The Federal Reserve’s decisions to raise or cut interest rates are among the most influential drivers of market activity, particularly in the forex and cryptocurrency markets. Understanding the impact of rate changes is crucial for market participants, as it helps them anticipate potential movements and adjust their strategies accordingly.
STARTRADER has once again solidified its leadership in the forex industry with the prestigious Skyline Guide 2024 award for “Company Outstanding Performance in the Forex Industry”.
SEC seeks a 4-month extension to review 133,582 documents in the Coinbase lawsuit. The deadline could be extended to February 2025 as crypto regulations tighten.