Marex Group plc Stock Price, News & Analysis

Marex Group plc has agreed to acquire Aarna Capital , an Abu Dhabi-based company providing clearing, execution, and risk management solutions. This acquisition aligns with Marex's strategy to expand operations in the Middle East, grow its clearing business, and diversify its client base. Key points:

- Aarna Capital brings access to around 180 local clients
- Expected to be accretive to earnings and contribute ~5% of Marex Group's profit after tax from FY 2025
- Anticipated synergies include savings from internalising clearing fees and higher net interest income
- Transaction expected to close in late 2024, subject to regulatory approval
- Represents 3-4 times expected profit after tax

The acquisition complements Marex's existing Middle East operations and is seen as an important growth opportunity in the region.

Marex Group Plc (NASDAQ: MRX) has completed the acquisition of Dropet, a Spanish biofuels company, expanding its global environmental products business. This strategic move aligns with Marex's goal to diversify and increase earnings resilience. Dropet offers execution services for physical and paper biofuels products across Europe, Latin America, the Middle East, and Africa, with over 18 years of experience in the industry.

The acquisition provides Marex with additional capabilities in physical biofuels products and an experienced team. It supports Marex's strategy to increase the scale, diversification, and global footprint of its environmental products offering. Marex aims to become a leading provider of environmental commodities and support clients in transitioning to a low-carbon economy.

Dropet will continue to operate as a division of Marex, benefiting from the company's scale and global reach while maintaining its dedicated team and client relationships.

Key Carbon and Marex Group have announced a partnership where Marex will take a minority stake in Key Carbon and provide financing for carbon offset projects. The funding will primarily support the production and distribution of low-emission, affordable cookstoves in Africa through Key Carbon's joint venture with BURN Manufacturing, Global Cookstoves.

Key Carbon has already provided US$45 million in funding to Global Cookstoves, expanding projects across eight African countries. This partnership will allow Marex to access a wider carbon client base and carbon credit streams, supporting its growth in the environmental business sector.

With Marex's funding, Key Carbon will have financed over 1.5 million biomass-fuelled cookstoves, impacting an estimated 7.5 million people. These cookstoves and other Key Carbon projects are expected to avoid or remove more than 46 million tonnes of CO2 or CO2 equivalent.

Marex Group plc, a diversified global financial services platform, has announced its participation in the upcoming Barclays Global Financial Services Conference. The company's Group CEO, Ian Lowitt, will be featured in a fireside chat on Tuesday, September 10th at 7:30 a.m. ET.

This event presents an opportunity for investors and analysts to gain insights into Marex's strategies and market position. The fireside chat will be accessible via webcast, allowing a wider audience to tune in and stay informed about the company's perspectives on the financial services industry.

Interested parties can access the webcast through the provided link, offering a chance to hear directly from the company's leadership in a dynamic conference setting.

Marex Group plc (Nasdaq: MRX) announced strong results for H1 2024, with 27% revenue growth to $787.9m and 27% increase in Profit Before Tax to $139.0m. Key highlights include:

- Exceptional Q2 performance in metals market trading
- Double-digit growth across all business segments
- Adjusted Operating Profit up 28% to $159.2m
- Full-year outlook of $280-290m Adjusted Operating Profit
- New quarterly dividend of $0.14 per share announced

The strong results were driven by organic growth, recent acquisitions, and favorable market conditions. Marex's diversified global platform enabled expansion of its client base and product offerings across geographies.

Marex Group Plc (NASDAQ: MRX), a diversified global financial services platform, has announced it will release its first half 2024 results on August 14, 2024, before markets open. The company will make the earnings release and supplementary materials available through the "Investors" section of their website at https://ir.marex.com/.

Following the release, Marex will host a conference call at 9am ET on the same day to discuss the results. Analysts and investors interested in participating in the live conference call can register using the provided link: https://register.vevent.com/register/BId22ef6b4029c4b8caacf93432d9ecf7f.

Marex Group Plc (NASDAQ: MRX) has appointed Liz Barrett as the new Group Head of HR, effective June 24, 2024. Liz brings over 20 years of experience in financial services, including senior roles at the London Stock Exchange and Lloyds Banking Group. She replaces Karen Neffar, who is leaving to pursue personal interests. Reporting to CEO Ian Lowitt, Liz will oversee the global HR strategy and join the Executive Committee. She has expertise in international business, organizational transformation, and culture programs. Liz holds a Doctorate in Business Administration from Cranfield University and has worked globally, including in Hong Kong, India, and the USA. CEO Ian Lowitt expressed confidence in Liz's ability to contribute significantly to Marex's growth and development.

Marex will become the first non-bank FCM to offer client clearing services for interest rate swaps on LCH’s SwapClear service starting July 15, 2024, pending final approval.

This move is aimed at addressing market demand for diversified counterparty risk and increased clearing capacity. It expands Marex's existing clearing memberships across energy, commodity, and financial markets.

Thomas Texier, Group Head of Clearing at Marex, highlights this as a significant market move, leveraging Marex’s robust balance sheet and comprehensive offerings.

Marex, listed on NASDAQ under the symbol MRX, aims to enhance market confidence and client service through this initiative.

Marex Group plc ('Marex'), a diversified global financial services platform, has announced its participation in Piper Sandler's Global Exchange & FinTech Conference. The event, featuring Marex's Group CEO Ian Lowitt, will occur on June 5th at 9:00 a.m. ET. The session will be webcast and accessible via the provided link.

Marex, listed on NASDAQ under the ticker MRX, offers various financial services including Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions. In 2023, the company executed around 129 million trades and cleared 856 million contracts. With a presence in major commodity markets, Marex serves a diverse clientele of commodity producers, consumers, traders, banks, hedge funds, and asset managers. The company employs over 2,000 people across more than 35 offices worldwide.