Stocks in Action Today: CMC Markets, Shell, and Ryanair

Summary

  • CMC Market Plc is likely to launch a new wealth platform for the retail segment.
  • Royal Dutch Shell Plc will speed up its energy transition strategy and cut down its carbon emission as per court orders.
  • Ryanair Holdings Plc is facing an investigation for breaking travel restrictions during coronavirus.

FTSE 100, the leading index of the London Stock Exchange and widely used as a barometer for the UK’s economy, was trading at the value of 7105.87 up by 0.35% as of 08:50 AM GMT+1, on 10 June. Though the mid-cap index FTSE 250 was in a sombre mood since the beginning.

Let us see why these three FTSE stocks CMC Markets Plc, Royal Dutch Shell Plc and Ryanair Holdings Plc, were buzzing today:

                               

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CMC Markets Plc (LON: CMCX)

The company posted a 63 per cent surge in its net operating income for the year ended 31 March 2021. Profit before tax (PBT) zoomed by a huge 127 per cent for the year, while the stockbroking net trading revenue registered a surge of 72 per cent. Most importantly, the number of active stockbroking clients increased by 28 per cent.

The online trading firm CMC Markets Plc will soon launch a new investment platform for its retail segment. This platform is expected to be called CMC wealth, and it will have various offering such as access to a self-invested personal pension, Individual Savings Account, and third-party funds facilities, as reported by some media houses.  CMC wealth is expected to be launched by the end of this year.

The shares of CMC were trading at GBX 502.00 up by 2.66% as of 08:37 AM GMT+1, on 10 June.

Royal Dutch Shell Plc (LON: RDSA)

Following a Dutch court ruling last month, Royal Dutch Shell Plc said it would speed up its energy transition strategy and would cut down its carbon emission.

As per the CEO of Shell, Ben van Beurden, this energy transition strategy is expected to affect their oil & gas business drastically. However, the CEO said the company is seeking ways to reduce the emission further and simultaneously generate revenue.

In the last court ruling on 26 May, the court has ordered shell to cut down its emission harder than what is being currently followed as the strategy chosen by the company is not enough to cut down greenhouse gas emissions by 45% by 2030 from 2019 levels.

According to Ben van Beurden, the injustice has been done by the court, and Shell still expects to appeal the verdict. 

The shares of Shell were trading at GBX 1398.60, down by 0.26% as of 08:36 AM GMT+1, on 10 June.

Ryanair Holdings Plc (LON: RYA)

Ryanair, along with British Airways, owned by International Consolidated Airlines Group S.A (LON: IAG) is facing an investigation from the UK’s Competition and Markets Authority.

The aviation companies are accused of breaking COVID-19 travel restrictions and failing to refund the customers who were unable to fly. Instead of refunding money to the customers, the companies were offering vouchers to them to rebook flights.

However, there was a positive on the legal front as well, Ryanair has won the European Union’s Court Challenge against Condor Airline. Following this, European Union judges ceased Germany’s decision to give a €550 million loan to German airline Condor.  

The shares of Ryanair were trading at EUR 16.57, down by 1.22% as of 08:35 AM GMT+1, on 10 June.

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