Plus500 lifts guidance as market volatility boosts profits

Plus500 Ltd (LSE:PLUS) raised its outlook for the second time this year, after a strong first quarter driven by customer growth and market volatility. The trading platform operator reported revenue of $242.1 million for the three months to 31 March, up 18% year-on-year and 24% on the previous quarter, while EBITDA rose to $95.7 million.