Coronavirus impact: 15 July - loads of recovery potential still to go for
While many stocks have seen their share prices bounce strongly, look closely and there are plenty of laggards still out there offering compelling recovery potential. However, as always, it pays to do your research!
Alpha FX: impressive update Alpha FX Group (LON: AFX), the foreign exchange risk management and payments specialist, reassured with its latest trading update for the six-months to 30 June 2020. Despite the pandemic revenue increased 16% to £18m with a net increase of 28 clients to 671. While growth in from their UK corporate clients remained broadly flat, newer divisions continued to grow strongly, with Alpha Payment Solutions achieving consecutive record revenue quarters, and Alpha Institutional growing 21%. The newer Canadian office continues to make good progress, alongside the recently launched sales office in the Netherlands. The Group had the…