Alpha FX shares lifted by boost to forecasts

The price of shares in AIM-listed foreign exchange specialist Alpha FX Group (LON:AFX) climbed by 1.63% to 1,092.55p (as of 14:25 BST) after management upgraded guidance for the year ending 31st December. Management said that trading during September had been particularly strong across all areas of the business as penetration improved in the UK, Europe, and Canada.

CEO Morgan Tillbrook commented: “Despite the fact that 2020 has created a number of challenges for the business, I am extremely proud of how the team has responded. Our performance to date is testament to the quality of our people, clients and the investors who support us, and I would like to thank everyone who continues to play a part in Alpha FX’s journey. Whilst much uncertainty remains in the wider world, I am looking forward to the rest of the year and beyond with optimism“.