Plus500 Postpones Capital Markets Day

Plus500, the publicly-traded forex and CFD broker, announced that it was rescheduling its Capital Markets Day following the death of Her Majesty Queen Elizabeth II. 

In a statement, the firm said that its closely watched Capital Markets day, which was scheduled for Monday 19th, will take place on the following day. The company also extended its condolences to the Royal Family and the Commonwealth. 

Queen Elizabeth died peacefully last week and her funeral will happen on Monday. Therefore, postponing the event was a logical thing since the UK will observe a bank holiday on that day.

The statement came a few days after the Bank of England (BoE) decided to reschedule its monetary policy meeting that was scheduled for Thursday. Instead, the meeting will now happen next week. Analysts expect that the bank will hike interest rates by either 0.50% or 0.75%.

Plus500 share price has performed relatively well in the past few months. It has jumped by more than 30% from its lowest level in 2021. In August, the company said that its total trading revenue jumped from over $346 million in the first six months of 2021 to over $511 million in the first half of this year. Its operating profit jumped to over $303 million while its total profit rose to $244 million.