Trending News: COP29 climate summit overruns as $250 billion draft deal stallsSEC Fines Webull, Two Broker-Dealers for Compliance FailuresSEC Fines Webull, Two Brokers-Dealers for Compliance FailuresOil prices climb 1% to two-week high as Ukraine war intensifiesOil prices edge up to 2-week high as Ukraine war intensifiesCOP29 climate summit overruns as $250 billion draft deal flopsIndian opposition parties deny any wrongdoing linked to Adani bribery allegationsMastering Profit Factor for Trading SuccessOil prices head for weekly gain on Russia-Ukraine tensionsExclusive: Prop Firm My Forex Funds and the CFTC Are Probably Negotiating a SettlementGoldman sees upside risks for Brent near termUS Treasury investigates JPMorgan’s client ties to Iranian figure – BloombergXAUUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24Saxo and novobanco Collaborate to Drive Digital Investment Access in PortugalCOP29 climate summit draft proposes rich countries pay $250 billion per yearWTI Crude Oil: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24USDJPY: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24Morning Bid: Euro/dollar stares at parity, Bitcoin eyes $100kCOP29 climate finance draft proposes $250 billion target from wealthy countriesGBPUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24Oil heads for weekly gains as Ukraine war intensifiesEURUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24The Loonie Starts and Wins. 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Fri. Nov 22nd, 2024
Trending News: COP29 climate summit overruns as $250 billion draft deal stallsSEC Fines Webull, Two Broker-Dealers for Compliance FailuresSEC Fines Webull, Two Brokers-Dealers for Compliance FailuresOil prices climb 1% to two-week high as Ukraine war intensifiesOil prices edge up to 2-week high as Ukraine war intensifiesCOP29 climate summit overruns as $250 billion draft deal flopsIndian opposition parties deny any wrongdoing linked to Adani bribery allegationsMastering Profit Factor for Trading SuccessOil prices head for weekly gain on Russia-Ukraine tensionsExclusive: Prop Firm My Forex Funds and the CFTC Are Probably Negotiating a SettlementGoldman sees upside risks for Brent near termUS Treasury investigates JPMorgan’s client ties to Iranian figure – BloombergXAUUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24Saxo and novobanco Collaborate to Drive Digital Investment Access in PortugalCOP29 climate summit draft proposes rich countries pay $250 billion per yearWTI Crude Oil: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24USDJPY: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24Morning Bid: Euro/dollar stares at parity, Bitcoin eyes $100kCOP29 climate finance draft proposes $250 billion target from wealthy countriesGBPUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24Oil heads for weekly gains as Ukraine war intensifiesEURUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24The Loonie Starts and Wins. Forecast as of 22.11.2024Best Brokers in Thailand in 2024USDCHF: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24Dollar keeps rising; euro falls to two-year low on weak dataUSDСAD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24CMC Markets Wrote Off £2.8M Investment in Blockchain Firm Strike XCOP29 host urges collaboration as deal negotiations enter final stageForex Takes Trump’s Statements Too Seriously. Forecast as of 22.11.2024Short-term Analysis for Oil, Gold, and EURUSD for 22.11.2024Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 22.11.2024Gold prices rise, set for strong weekly gains on Russia-Ukraine jittersAsian FX muted as dollar remains at 1-yr high; yen steady as inflation risesOil heads for weekly gains on anxiety over intensifying Ukraine warOil prices rise, head for weekly gain on Russia-Ukraine tensionsOil rises as intensifying Ukraine war increases supply riskExxon group pulls out of talks with Guyana over shallow water oil block, government saysUS Consumer Watchdog Tightens Oversight on Nonbank Payment ServicesDollar rises after claims data, bitcoin continues rallyExxon Mobil pulls out of talks with Guyana over shallow water oil block, gov saysPayPal Restores Services After Two-Hour Global Outage Disrupting Crypto and VenmoNew York grid operator warns of undersupply in 2033Dollar rises after claims data, bitcoin climb continuesEU to cajole Trump on trade while readying tariff retaliationCrack Forex Trendlines: Simple Strategies for SuccessAnalysis-Trade demands clash with climate agenda at COP29 talksCrude and diesel prices gaining but rangebound: Citi17% of US Investors Trust AI, 53% Trust Financial Institutions in UK: eToro and NasdaqOil prices soars as Russia, Ukraine exchange missile strikes🚀 Road to a Million: No Paywalls, Just Pure Profit PotentialIdentity Fraud in the Age of AI: Account Takeover Scams Soar 250%Oil up 2% after Russia-Ukraine missile exchange, outweighing US crude stock risesMorning Bid: Nvidia sees past triple-digit growthMastercard Aims to Replace Numbers and Passwords with Biometrics by 2030Sterling sags as ‘Trump bump’ lifts dollarUS natural gas drillers to lift 2025 output, reversing year of cutsOil up on Russia-Ukraine missile exchange, outweighing US crude stock risesPound Sinks After Disappointing UK Data. Forecast as of 21.11.2024Dollar steady near recent highs; euro suffers more weaknessIC Markets Continues Sponsoring Table TennisDollar buffered by Trump policy expectations; bitcoin surgesInteractive Brokers Caught in Hong Kong’s HK$91M Trading FreezeInteractive Brokers Caught in Hong Kong’s $91M Trading FreezeMarex’s X-Change Financial Hit with $400,000 NFA Fine over ControlsOil prices climb as geopolitical tensions outweigh US inventoriesMarkets Reassess Trump Trade. Forecast as of 21.11.2024Why Traders Lose Money and How Broker-Backed Prop Firms Are Changing the GameShort-term Analysis for Oil, Gold, and EURUSD for 21.11.2024Revolut Maps $100 Billion Revenue Target With US Banking PivotCMC Markets Initiates Client Onboarding with Revolut: H1 Trading Revenue Up 50%Dollar stalls as market weighs Trump policies, Fed outlook; bitcoin surgesShort-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 21.11.2024Gold prices rise as Russia-Ukraine tensions fuel haven demandContainer shippers hedging green transition with dual-fuel vessel ordersOil prices edge up on geopolitical tensions; higher-than-expected US inventories cap gainsAsia FX weak, dollar near 1-yr high on doubts over Dec rate cutOil prices rise as Russia-Ukraine tensions offset US inventory buildOil prices firm as geopolitical tensions raise supply concernsGold prices climb on safe-haven bid amid rising Russia-Ukraine tensionsOil prices to test new lows in 2025 as big supply surplus looms: MacquarieInvestors lift US dollar, focus on Federal Reserve outlookOil settles down on strong US supply, losses capped by Ukraine escalationeToro Secures New York License, Eyes Global ExpansionArgentina’s YPF to seek $2 billion in financing for oil pipeline in Q2 2025Oil dips as investors weigh Ukraine escalation and US crude, gasoline stock buildUS awards up to $2.2 billion to speed clean-hydrogen developmentOil flat as Ukraine escalation offsets US crude, gasoline stock buildBeat Forex Trading Burnout and Embrace Healthier TradingUS Brokerage Firm Firstrade Taps Global Investors With Overnight TradingDollar resumes climb after three-day fall as investors eye FedOil steady as Ukraine escalation offsets US crude, gasoline stock buildAnalysis-OPEC+ may stick with deep oil cuts for longer due to weak demandGold and Forex: The Duo Every Trader Should Know AboutProp Firm The Funded Trader Resumes Paused Accounts as “900 Traders Await Payouts”Oil prices tick up as market weighs Ukraine war escalationCanadian dollar weakens, benchmark yield climbsUS natural gas market on cusp of another cycle of demand growth: Morgan StanleyIAEA’s Grossi hopes Iran’s capping of highly enriched uranium stock holdsOil prices climb as market weighs Ukraine war escalation
Fri. Nov 22nd, 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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