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Judgment that the defendant owes the claimant £1.31 million regarding "losses under a spread betting account" in Plc, a British spread betting firm v. Robert Tchenguiz at the High Court of Justice for England and Wales.

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CMC Markets cuts CFD and spreadbet revenue target, shares fall

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12/08/2022 · The High Court found in favour of an online spread betting company in a claim for £1.3 million in unpaid debts against a real estate tycoon following the close-out of a trading position on an online spread betting platform in March 2020: plc v Tchenguiz [2022] EWHC 1640 (Comm). The decision will be of interest to financial services providers in …

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17/09/2020 · The year turned out to be a healthy one for CMC Spreadbet as its revenue marginally increased by 2.3 percent to £17.95 million from the previous year’s 17.53 million. Further, this resulted in a yearly profit of £1.4 million, up from £1.37 million in 2019, a year-on-year jump of 2.1 percent.

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02/07/2022 · Robert Tchenguiz, the UK-based entrepreneur and one of the well-known property investors, has lost a court fight against CMC Spreadbet Plc. According to the official details of the case, the company sued Tchenguiz after he failed to pay his debt. Take Advantage of the Biggest Financial Event in London.

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Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds be…