Spreadbetter CMC Markets yesterday reported a jump in net operating income for the first half and raised its full-year target as traders adapted to changes following a regulatory clampdown on high-risk bets. Net operating income rose 45 per cent for the six months to 30 September, hitting £102.3m. This rise was driven by a higher contract for difference (CFD) revenue per active client, which climbed 45 per cent to £2,047 and an 164 per cent increase in stockbroking net revenue. Raising its forecasts, the company said it now expects net operating income for the full year to exceed £180m. CMC Markets' share price initially bounced more than three per cent on the news, but closed down almost four per cent.

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