Trending News: Oil prices gain 2%, recouping some of last week’s 7% lossCuba restoring power again after multiple grid failuresBird flu cases presumed in four Washington farm workers, state saysVenezuela arrests former oil minister TellecheaDollar climbs with US rates on economic outlookUS lawmakers question oil service company’s SLB’s exception to Russian sanctionsTokenisation of Money: BIS Analyses Challenges and Opportunities for Central BanksOil prices gain, recouping some of last week’s 7% lossSaxo Bank Draws Acquisition Bids from Major Investors, Including Interactive BrokersVenezuela arrests former industry, oil minister TellecheaTezos (XTZ) price forecast for 2024, 2025-2030, and beyondForex Trading After Hours: Proven Strategies for Night TradersReal-Time Payments to Boost Global GDP by 74% in Five YearsAchieve Success with a Reliable Forex Trading RoutineNigeria approves Exxon-Seplat deal after more than two yearsOil prices rebound after weekly drop; demand woes, Middle East tensions in focusAchieve Forex Trading Efficiency While Managing a Full-Time JobExclusive-Qatar LNG sales to key Asian markets confronted by US, UAE rivalryOil prices regain some ground after 7% loss last weekSpeedy US corn and soy harvests strain farmers, storage capacityVantage Sees Gross Profit Drop to £1.8 Million in FY 2024 amid Reduced RevenueVantage Sees Gross Profit Drop to £1.8 Million amid Increased Costs and Reduced RevenueCitgo auction creditors assail Elliott bid, seek rival offersYen Does Not Know What It Wants. Forecast as of 21.10.2024Morning Bid: Holding stock records, with a golden hedgeTikTok Traders: Gen Z Shifts to Social Media for Financial GuidanceTikTok Traders: Gen Z’ Shifts to Social Media for Financial GuidanceUSD/CHF is reaching its upper limit – UBSGeopolitics aside, oil fundamentals remain bearish: UBSExclusive: ATFX to Launch Prop Trading ServicesExclusive: ATFX to Launch Prop Trading Services in NovemberDollar retains strength on Trump confidence; euro slips after German PPIStrong U.S. economy and ‘Trump trades’ boost dollarOil prices steady after losing over 7% last weekWhat Will Cause the Euro to Drop? Forecast as of 21.10.2024BDSwiss’ Chief Revenue Officer Separates: Launches Prop Trading PlatformRobinhood Clients in the UK Can Now Borrow Money for Margin InvestingASIC’s “Rewrite” Game-Changing Rules Just Went Live: Is Your CFD Brokerage Ready?Short-term Analysis for Oil, Gold, and EURUSD for 21.10.2024Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 21.10.2024Liquidity Providers and Trade Tech are Make or Break for BrokersSimon Blackledge’s Multi Asset Solutions (Previously BidX) Triples FY24 RevenueOil prices regain ground after 7% weekly drop‘Trump trade’ and yields keep dollar supportedGold prices hit record high above $2,730 on election jitters, M.east risksAsia FX muted, yuan steady after China rate cutOil prices steady after weekly drop with demand woes, M.East tensions in focusOil prices steady after 7% weekly dropHurricane Oscar heads for Cuba after making landfall in BahamasNo clear winner in British Columbia election, with most votes countedCuba restores power to one-fifth of population after nationwide blackoutsUK foreign minister looks to deepen security ties with Indonesia, South KoreaCuba making slow progress re-starting power after second grid collapseIndia seeks critical mineral agreement with US, hopes for a trade pact, minister saysCuba`s electrical grid collapses for second time, entire country again without powerExpect slower oil-production growth in 2025: Wells FargoCuba slowly starts restoring power after island-wide blackoutWeekly Brief: South Africa Curbs FX Signals, Germany to Repeal CFD Tax Law, and MoreSydney’s ‘mystery’ toxic beach balls are cosmetic, cleaning product wasteHow Cuba’s electrical grid collapsed and what comes nextDollar riding return of ‘Trump Trade,’ but gains will likely be fleeting: UBSMillions of Cubans lose power after national grid failsUS dollar rally pauses, but uptrend intact; set for 3rd weekly gainFlowBank Liquidation: Clients Advised to Act Before November DeadlineOil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlookCuba’s power grid fails, plunging country into darknessOil prices slip, set for 7% weekly fall on China demand woes, mixed Mideast outlookShanghai frenzy fuels alumina’s record-breaking rally: Andy HomeGravestone Doji: How to Trade This Candlestick PatternOil prices fall, on track for 8% weekly decline on China demand woesUN says Israeli settlers cut down olive trees in ‘war-like’ West Bank campaignEnglish Premier League’s Fulham FC Partners with FIS to Launch Innovation HubGold prices hit record highs on safe haven amid election uncertaintyDollar to retreat in 2025; try CHF, AUD and GBP – UBSCan nickel defy its LME Week status of “least liked” metal? Macquarie weighs inBarclays sees potential rise in USD/INR amid market headwindsUN says Israeli settlers cut down olive trees amid ‘war-like’ West Bank campaignOil prices steady but set for steep weekly losses on demand fearsXAU/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24WTI Crude Oil: Elliott wave analysis and forecast for 18.10.24 – 25.10.24USD/JPY: Elliott wave analysis and forecast for 18.10.24 – 25.10.24Oil prices set for biggest weekly loss in over a month on demand worriesGBP/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24Loonie loses against the US dollar. Forecast as of 18.10.2024UN denounces Israel’s use of ‘war-like’ tactics in West BankEUR/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24This Forex pair could rise by 11% if Trump imposes a 60% tariff on China: NomuraTexas natural-gas pipeline eases bottlenecks, paves way for higher shale outputSafe haven demand to help drive gold higher in next 6-12 months, UBS saysUSD/CHF: Elliott wave analysis and forecast for 18.10.24 – 25.10.24USD/СAD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24Dollar stabilizes after gains; sterling boosted by retail salesShort-term Analysis for Oil, Gold, and EURUSD for 18.10.2024Euro Leaves the Door Open. Forecast as of 18.10.2024Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.10.2024Factbox-COP16: From forests to oceans, nature in a dire stateOil prices inch higher but set for steep weekly losses on demand fearsAsia FX muted as dollar steadies at over 2-mth peaks on strong dataOil steadies, but on track for biggest weekly loss in over a monthGold prices hit record high above $2,700 on election uncertainty, rate cut hopes
Mon. Oct 21st, 2024
Trending News: Oil prices gain 2%, recouping some of last week’s 7% lossCuba restoring power again after multiple grid failuresBird flu cases presumed in four Washington farm workers, state saysVenezuela arrests former oil minister TellecheaDollar climbs with US rates on economic outlookUS lawmakers question oil service company’s SLB’s exception to Russian sanctionsTokenisation of Money: BIS Analyses Challenges and Opportunities for Central BanksOil prices gain, recouping some of last week’s 7% lossSaxo Bank Draws Acquisition Bids from Major Investors, Including Interactive BrokersVenezuela arrests former industry, oil minister TellecheaTezos (XTZ) price forecast for 2024, 2025-2030, and beyondForex Trading After Hours: Proven Strategies for Night TradersReal-Time Payments to Boost Global GDP by 74% in Five YearsAchieve Success with a Reliable Forex Trading RoutineNigeria approves Exxon-Seplat deal after more than two yearsOil prices rebound after weekly drop; demand woes, Middle East tensions in focusAchieve Forex Trading Efficiency While Managing a Full-Time JobExclusive-Qatar LNG sales to key Asian markets confronted by US, UAE rivalryOil prices regain some ground after 7% loss last weekSpeedy US corn and soy harvests strain farmers, storage capacityVantage Sees Gross Profit Drop to £1.8 Million in FY 2024 amid Reduced RevenueVantage Sees Gross Profit Drop to £1.8 Million amid Increased Costs and Reduced RevenueCitgo auction creditors assail Elliott bid, seek rival offersYen Does Not Know What It Wants. Forecast as of 21.10.2024Morning Bid: Holding stock records, with a golden hedgeTikTok Traders: Gen Z Shifts to Social Media for Financial GuidanceTikTok Traders: Gen Z’ Shifts to Social Media for Financial GuidanceUSD/CHF is reaching its upper limit – UBSGeopolitics aside, oil fundamentals remain bearish: UBSExclusive: ATFX to Launch Prop Trading ServicesExclusive: ATFX to Launch Prop Trading Services in NovemberDollar retains strength on Trump confidence; euro slips after German PPIStrong U.S. economy and ‘Trump trades’ boost dollarOil prices steady after losing over 7% last weekWhat Will Cause the Euro to Drop? Forecast as of 21.10.2024BDSwiss’ Chief Revenue Officer Separates: Launches Prop Trading PlatformRobinhood Clients in the UK Can Now Borrow Money for Margin InvestingASIC’s “Rewrite” Game-Changing Rules Just Went Live: Is Your CFD Brokerage Ready?Short-term Analysis for Oil, Gold, and EURUSD for 21.10.2024Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 21.10.2024Liquidity Providers and Trade Tech are Make or Break for BrokersSimon Blackledge’s Multi Asset Solutions (Previously BidX) Triples FY24 RevenueOil prices regain ground after 7% weekly drop‘Trump trade’ and yields keep dollar supportedGold prices hit record high above $2,730 on election jitters, M.east risksAsia FX muted, yuan steady after China rate cutOil prices steady after weekly drop with demand woes, M.East tensions in focusOil prices steady after 7% weekly dropHurricane Oscar heads for Cuba after making landfall in BahamasNo clear winner in British Columbia election, with most votes countedCuba restores power to one-fifth of population after nationwide blackoutsUK foreign minister looks to deepen security ties with Indonesia, South KoreaCuba making slow progress re-starting power after second grid collapseIndia seeks critical mineral agreement with US, hopes for a trade pact, minister saysCuba`s electrical grid collapses for second time, entire country again without powerExpect slower oil-production growth in 2025: Wells FargoCuba slowly starts restoring power after island-wide blackoutWeekly Brief: South Africa Curbs FX Signals, Germany to Repeal CFD Tax Law, and MoreSydney’s ‘mystery’ toxic beach balls are cosmetic, cleaning product wasteHow Cuba’s electrical grid collapsed and what comes nextDollar riding return of ‘Trump Trade,’ but gains will likely be fleeting: UBSMillions of Cubans lose power after national grid failsUS dollar rally pauses, but uptrend intact; set for 3rd weekly gainFlowBank Liquidation: Clients Advised to Act Before November DeadlineOil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlookCuba’s power grid fails, plunging country into darknessOil prices slip, set for 7% weekly fall on China demand woes, mixed Mideast outlookShanghai frenzy fuels alumina’s record-breaking rally: Andy HomeGravestone Doji: How to Trade This Candlestick PatternOil prices fall, on track for 8% weekly decline on China demand woesUN says Israeli settlers cut down olive trees in ‘war-like’ West Bank campaignEnglish Premier League’s Fulham FC Partners with FIS to Launch Innovation HubGold prices hit record highs on safe haven amid election uncertaintyDollar to retreat in 2025; try CHF, AUD and GBP – UBSCan nickel defy its LME Week status of “least liked” metal? Macquarie weighs inBarclays sees potential rise in USD/INR amid market headwindsUN says Israeli settlers cut down olive trees amid ‘war-like’ West Bank campaignOil prices steady but set for steep weekly losses on demand fearsXAU/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24WTI Crude Oil: Elliott wave analysis and forecast for 18.10.24 – 25.10.24USD/JPY: Elliott wave analysis and forecast for 18.10.24 – 25.10.24Oil prices set for biggest weekly loss in over a month on demand worriesGBP/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24Loonie loses against the US dollar. Forecast as of 18.10.2024UN denounces Israel’s use of ‘war-like’ tactics in West BankEUR/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24This Forex pair could rise by 11% if Trump imposes a 60% tariff on China: NomuraTexas natural-gas pipeline eases bottlenecks, paves way for higher shale outputSafe haven demand to help drive gold higher in next 6-12 months, UBS saysUSD/CHF: Elliott wave analysis and forecast for 18.10.24 – 25.10.24USD/СAD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24Dollar stabilizes after gains; sterling boosted by retail salesShort-term Analysis for Oil, Gold, and EURUSD for 18.10.2024Euro Leaves the Door Open. Forecast as of 18.10.2024Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.10.2024Factbox-COP16: From forests to oceans, nature in a dire stateOil prices inch higher but set for steep weekly losses on demand fearsAsia FX muted as dollar steadies at over 2-mth peaks on strong dataOil steadies, but on track for biggest weekly loss in over a monthGold prices hit record high above $2,700 on election uncertainty, rate cut hopes
Mon. Oct 21st, 2024

Vantage Sees Gross Profit Drop to £1.8 Million amid Increased Costs and Reduced Revenue

The Retail FX and CFD broker Vantage Global Prime LLP has
released its financial results for the year ending June 30, 2024. The results
show a decline in profits compared to the previous year.

Vantage UK Reports Profit Decline

Turnover for Vantage UK decreased from £2.02 million in 2023
to £1.91 million in 2024. The cost of sales increased slightly, rising from
£116K in 2023 to £133K in 2024. Consequently, gross profit fell to £1.77
million, down from £1.91 million the previous year.

Source: Company-Information.Service.gov.uk

In terms of administrative expenses, Vantage UK managed to
reduce costs from £1.71 million in 2023 to £1.7 million in 2024. Despite these
cost-cutting measures, operating profit significantly dropped to £76K in 2024,
a decline from £197K in 2023.

Additionally, there were no interest expenses or income
reported for 2024, contrasting with minor entries in 2023. Profit before
members’ remuneration and discretionary division also decreased to £76K in
2024, down from £197K in the previous year.

The Retail FX and CFD broker Vantage Global Prime LLP has
released its financial results for the year ending June 30, 2024. The results
show a decline in profits compared to the previous year.

Vantage UK Reports Profit Decline

Turnover for Vantage UK decreased from £2.02 million in 2023
to £1.91 million in 2024. The cost of sales increased slightly, rising from
£116K in 2023 to £133K in 2024. Consequently, gross profit fell to £1.77
million, down from £1.91 million the previous year.

Source: Company-Information.Service.gov.uk

In terms of administrative expenses, Vantage UK managed to
reduce costs from £1.71 million in 2023 to £1.7 million in 2024. Despite these
cost-cutting measures, operating profit significantly dropped to £76K in 2024,
a decline from £197K in 2023.

Additionally, there were no interest expenses or income
reported for 2024, contrasting with minor entries in 2023. Profit before
members’ remuneration and discretionary division also decreased to £76K in
2024, down from £197K in the previous year.

This post is originally published on FINANCEMAGNATES.

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