AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- UK economy expanded in the second quarter of 2021 with GDP growth of 5.5%, well above the market estimate of 4.8%.
- The rise in household consumption after the lifting of Covid-19 restrictions significantly contributed to GDP growth.
- Plus500 Ltd, Loopup Group Plc, Mobile Streams Plc are some of the stocks buzzing in the market today.
The UK economy expanded in the second quarter of 2021. Gross Domestic Product (GDP) grew at 5.5%, well above the market estimate of 4.8% as per the data published by the Office for National Statistics.
GDP numbers bounced back following a contraction (-1.4%) in the previous quarter, primarily due to a rise in household consumption following the lifting of Covid-19 restrictions during the quarters.
After the GDP data announcement, the blue-chip index FTSE100, which constitute the top 100 companies by market cap, was trading in positive territory.
Let us look at 3 FTSE listed stocks that are buzzing today:
Loopup Group Plc (LON:LOOP)
The technology company provides the software-as-service to its clients. The company’s voice-in service is used by over 500 organisations globally.
The software company’s stock was down by over 31% following the successful placing of ordinary shares to raise £8.85 million. A total of 35,400,000 new ordinary shares will be issued at a price of 25p per share under the capital raising. The company plans to use the placing funds to strengthen its balance sheet by debt restructuring and increases its investment in Cloud Telephony which has received strong demand from its clients.
Loopup Group Plc currently trades at GBX 25.25, down by 31.76% on 30 September 2021 at 11:30 am GMT+1 with a market cap of £20.51 million.
Plus500 Ltd (LON: PLUS)
The company offers an online trading platform for individuals and customers. The trading platform allows clients to trade in various financial instruments like equities, commodities, and options.
The company operates in the niche segment of multi-asset fintech business which continues to deliver high organic growth. Also, the company is spreading out through inorganic growth like the acquisition of businesses from the same sector. During the six months ended 30 June 2021, the company reported 333,940 active customers, a rise of 2% compared to the same period last year. The reported revenue was at USD 346.2 million, while its EBITDA stood at USD 187.6 million.
Also, the company entered into retail futures market in the US through the acquisition of Cunningham Commodities LLC in July 2021.
Plus500 Ltd currently trades at GBX 1,397, up by 0.07% on 30 September 2021 at 11:30 am GMT+1 with a market cap of £1,409 million.
Mobile Streams Plc (LON:MOS)
The company offers mobile content and data intelligence services across Europe, Asia-pacific and North American.
The company reported significant improvement in subscription of its LiveScores services in Mexico. In September 2021, over 7,200 subscribers signed up for service, a rise of over 251% as per the company’s internal target.
As a result of good performance, the company will be launching similar services in Argentina from 1 October 2021. Also, the company is in advance discussion regarding starting its services in other markets in the coming months.
Mobile Streams Plc currently trades at GBX 0.67, up by 6.35% on 30 September 2021 at 11:30 am GMT+1 with a market cap of £14.83 million.
