Strong H1 results and contract wins boost Beeks' outlook.
In reaction, the company's shares reached the highest levels since the late-2022.
The shares of
Scotland-based cloud computing provider for financial markets Beeks Financial
Cloud Group PLC (LSE: BKS), surged 40% on Tuesday after the company made several
key announcements regarding new customer wins and upgraded financial forecasts.
Beeks Financial Cloud
Announces Major Contract
The company has signed a multi-million dollar, multi-year expansion
agreement to provide additional infrastructure through its Proximity Cloud
offering to an existing Tier 1 investment manager customer. This new contract
more than doubles the value of Beeks' initial engagement with the customer to
$3.6 million over four years. Beeks noted significant additional growth
potential with this customer, as currently only 30% of their trading
infrastructure has migrated to Proximity Cloud.
Beeks also
announced a conditional contract with one of the world's largest exchange
groups to deliver its Exchange Cloud solution, pending regulatory approval.
Exchange Cloud provides a cloud-based trading environment optimized for global
exchanges. This marks Beeks' third major international exchange customer for
Exchange Cloud.
The CEO of Beeks, Gordon McArthur, highlighted the company's "land and expand" strategy
with customers and the considerable further growth potential as the financial
markets continue adopting cloud solutions.
Higher Financial Forecasts
On the back
of robust H1 FY2024 results and new contract momentum, Beeks now expects FY2025
performance to exceed previous forecasts significantly. The company delivered
over 25% year-over-year revenue growth in H1 FY2024 along with improved
margins. Beeks also generated positive free cash flow in the half, ending
December 2023, with £5.5 million in net cash.
“The
delivery of free cash flow was a key objective for the current year and we are
pleased to have achieved that to plan, as we capitalise on the investments we
have made into the expansion of our product offering," added the CEO of Beeks. “Our
growing contract momentum demonstrates the considerable appetite we see across
the financial markets.”
With
contract momentum accelerating, McArthur said that Beeks now anticipates FY2025 will
substantially surpass expectations.
Beeks Shares Surge Higher
Investors
very positively received the information provided by the company, and its
shares opened much higher on Tuesday, rising 40% to 155 pence. This is the
highest value for BKS shares since the end of 2022. The move retraces a
significant portion of the downtrend observed over the past two years.
Source: Yahoo Finance
The
reaction from shareholders should not come as a surprise, as the report shows
that after the annual financial results for the year ending on 30 June 2023,
Beeks expects a clearer rebound. Although the last reported period has shown a jump of 22% in revenue, there was no room for profits. The operating loss amounted
to £331,000.
The shares of
Scotland-based cloud computing provider for financial markets Beeks Financial
Cloud Group PLC (LSE: BKS), surged 40% on Tuesday after the company made several
key announcements regarding new customer wins and upgraded financial forecasts.
Beeks Financial Cloud
Announces Major Contract
The company has signed a multi-million dollar, multi-year expansion
agreement to provide additional infrastructure through its Proximity Cloud
offering to an existing Tier 1 investment manager customer. This new contract
more than doubles the value of Beeks' initial engagement with the customer to
$3.6 million over four years. Beeks noted significant additional growth
potential with this customer, as currently only 30% of their trading
infrastructure has migrated to Proximity Cloud.
Beeks also
announced a conditional contract with one of the world's largest exchange
groups to deliver its Exchange Cloud solution, pending regulatory approval.
Exchange Cloud provides a cloud-based trading environment optimized for global
exchanges. This marks Beeks' third major international exchange customer for
Exchange Cloud.
The CEO of Beeks, Gordon McArthur, highlighted the company's "land and expand" strategy
with customers and the considerable further growth potential as the financial
markets continue adopting cloud solutions.
Higher Financial Forecasts
On the back
of robust H1 FY2024 results and new contract momentum, Beeks now expects FY2025
performance to exceed previous forecasts significantly. The company delivered
over 25% year-over-year revenue growth in H1 FY2024 along with improved
margins. Beeks also generated positive free cash flow in the half, ending
December 2023, with £5.5 million in net cash.
“The
delivery of free cash flow was a key objective for the current year and we are
pleased to have achieved that to plan, as we capitalise on the investments we
have made into the expansion of our product offering," added the CEO of Beeks. “Our
growing contract momentum demonstrates the considerable appetite we see across
the financial markets.”
With
contract momentum accelerating, McArthur said that Beeks now anticipates FY2025 will
substantially surpass expectations.
Beeks Shares Surge Higher
Investors
very positively received the information provided by the company, and its
shares opened much higher on Tuesday, rising 40% to 155 pence. This is the
highest value for BKS shares since the end of 2022. The move retraces a
significant portion of the downtrend observed over the past two years.
Source: Yahoo Finance
The
reaction from shareholders should not come as a surprise, as the report shows
that after the annual financial results for the year ending on 30 June 2023,
Beeks expects a clearer rebound. Although the last reported period has shown a jump of 22% in revenue, there was no room for profits. The operating loss amounted
to £331,000.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
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Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
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In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
