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NEX Group PLC (NXGN.L)

NXGN.L on London Stock Exchange

582.00GBp
21 Nov 2017
Change (% chg)

-10.00 (-1.69%)
Prev Close
592.00
Open
586.00
Day's High
588.00
Day's Low
579.00
Volume
1,558,625
Avg. Vol
1,028,849
52-wk High
884.62
52-wk Low
445.90

Latest Key Developments (Source: Significant Developments)

Nex Group CEO says chooses Amsterdam as its EU 27 base
Monday, 20 Nov 2017 04:04am EST 

Nov 20 (Reuters) - Nex Group Plc ::Chosen Amsterdam as its EU 27 base - CEO on media call.  Full Article

Nex Group says ‍H1 trading operating profit decreased by 16 pct
Monday, 20 Nov 2017 02:00am EST 

Nov 20 (Reuters) - NEX GROUP PLC ::HALF-YEAR RESULTS.H1 ‍REVENUE INCREASED BY 13% ON A REPORTED BASIS AND BY 7% ON A CONSTANT CURRENCY BASIS TO £287 MILLION​.‍H1 TRADING OPERATING PROFIT DECREASED BY 16% TO £63 MILLION (H1 2016/17: £75 MILLION)​.£40 MILLION OF ANNUALISED COST SAVINGS OVER NEXT THREE YEARS HAVE BEEN IDENTIFIED​.‍H1 INTERIM DIVIDEND OF 3.5P PER SHARE DECLARED (H1 2016.17: 11.5P PER SHARE)​.‍"DESPITE MARKET CONDITIONS REMAINING CHALLENGING, WE SEE MANY OPPORTUNITIES"- CEO​.  Full Article

NEX Group says Oct spot fx volumes up 5 pct year-on-year ​
Thursday, 2 Nov 2017 05:00am EDT 

Nov 2 (Reuters) - Nex Group Plc ::OCT SPOT FX VOLUMES AT $80.6 BILLION,UP 5 PERCENT YEAR-ON-YEAR ​.  Full Article

NEX says ‍Jenny Knott to step down as Nex Optimisation CEO
Monday, 16 Oct 2017 02:03am EDT 

Oct 16 (Reuters) - NEX Group Plc ::NEX GROUP PLC - ‍JENNY KNOTT TO STEP DOWN AS NEX OPTIMISATION UNIT'S​ CEO.NEX GROUP PLC - ‍KEN PIGAGA, GLOBAL CHIEF OPERATING OFFICER OF NEX HAS BEEN APPOINTED CEO OF NEX OPTIMISATION EFFECTIVE IMMEDIATELY​.NEX GROUP PLC - ‍KEN WILL REMAIN IN HIS ROLE AS A DIRECTOR ON NEX BOARD​.NEX GROUP PLC - ‍KEN WILL HAND OVER RESPONSIBILITIES TO CFO SAM WREN WHO WILL ASSUME ROLE OF GLOBAL COO IN ADDITION TO HER ROLE AS GROUP CFO​.  Full Article

NEX Group says unit gets FCA nod as Approved Reporting Mechanism
Friday, 29 Sep 2017 08:23am EDT 

Sept 29 (Reuters) - Nex Group Plc ::NEX GROUP - ‍ABIDE FINANCIAL DRSP RECEIVED APPROVAL FROM UK'S FCA AS AN APPROVED REPORTING MECHANISM (ARM), WITH EFFECT FROM 3 JANUARY 2018​.NEX GROUP - AUTHORISATION WILL ALLOW NEX REGULATORY REPORTING TO REPORT CLIENT TRANSACTIONS TO NCA ACROSS EUROPE UNDER MIFID II‍​.  Full Article

NEX Group July spot FX volumes up 1 percent year on year
Wednesday, 2 Aug 2017 09:02am EDT 

Aug 2 (Reuters) - Nex Group Plc ::July ‍spot Fx volumes at $80.4 billion, up 1 percent versus a year ago​.  Full Article

NEX withdraws political donations resolution, remaining backed at AGM ‍​
Wednesday, 12 Jul 2017 09:15am EDT 

July 12 (Reuters) - NEX Group Plc ::Resolution 16, to authorise the company to make political donations, was withdrawn with the prior approval of the meeting‍​.‍All other resolutions proposed at 2017 annual general meeting were carried on a show of hands with requisite majorities​.  Full Article

Nex Group says unlikely it will be the next owner of Trayport
Wednesday, 12 Jul 2017 05:01am EDT 

July 12 (Reuters) - Nex Group Plc :Nex- "nex regulatory reporting is the sole business that will need to provide services within the after brexit"-cfo.Nex- "at the moment that (setting up a trade repository in Sweden) is the only activity we are anticipating"- cfo.Nex- "we are looking at it (trayport). We have not made a decision"- ceo.Nex- "we obviously don't know what price trayport is likely to sell at, i think it is unlikely we will be the next owner"- ceo.  Full Article

NEX Group first-quarter revenue rises
Wednesday, 12 Jul 2017 02:00am EDT 

July 12 (Reuters) - NEX Group Plc :Trading statement Q1.Nex group plc says Q1 group revenue up 10 pct on a constant currency basis.Despite ongoing low volatility and a flat yield curve, financial markets have started long and slow journey to more normalised conditions."Seeing interest rate rises in us and early signs of improved economic conditions in europe".NEX markets revenue increased by 11 pct on a constant currency basis, 20 pct on a reported basis for Q1.NEX Optimisations revenue increased by 8 pct on a constant currency basis, 19 pct on a reported basis for Q1.Since start of year, FX volatility has waned, especially in G3 currency pairs despite federal reserve increasing rates.Average daily volume on ebs decreased by 3 pct to $80 billion since the start of the year.Average daily volume on EBS direct was flat at $21 billion in Q1.  Full Article

NEX Group to set up trade repository in Stockholm to service EU clients
Thursday, 6 Jul 2017 07:57am EDT 

July 6 (Reuters) - Nex Group Plc :To set up trade repository in Stockholm to service customers in the EU.Applied to set up EMIR trade repository; pending approval from ESMA.Repository to give regulatory end-point to NEX regulatory reporting unit, to operate in the EU 27 pre and post-Brexit.Predominant reason (for choosing Stockholm) is that NEX already has a substantial footprint in Sweden.Won't be moving UK based jobs to Stockholm, in the process of hiring locally.Wider business of NEX regulatory reporting will continue to be centred in London and run in London.Based on Brexit outcome, will establish trade repository in London to ensure delivering service to UK without interruption.  Full Article