IG Group announces £250m buyback after recording annual revenues of £1bn on the back of strong US performance July 20, 2023 IG Group upped its dividend and announced a new share buyback programme of £250m despite reporting a slight drop in pretax profit. In the year to May, profit at the trading firm dropped six per cent to £449.9m, down from £477m last year. It upped its dividend to 45.2p from 44.2p last year. The fall [...]
‘Short period of medical leave’ for IG Group Holdings chief ahead of results July 3, 2023 Derivatives trading firm IG Group Holdings has announced that its chief executive will be stepping aside for a “short period of medical leave” The FTSE 250-listed company made the announcement about June Felix this morning. Felix has been at the helm of IG Group since 2018 following 25 years in leading global financial services firms. [...]
IG Group shares dip as clients opt to hold positions amid millpond market conditions March 15, 2023 Shares in IG Group slumped after it reported a fall in revenue and a drop in active client numbers, as lower market volatility resulted in fewer trades. In the three months to December – the third quarter of the firm’s year – revenue at the trading platform fell seven per cent to £239.3m. This was [...]
IG Group user numbers at ‘all-time high’ following ‘extraordinary meme stock’ rally March 16, 2022 Online trader IG Group has snagged yet another quarter of consecutive growth after the “extraordinary ‘meme stock’” rally ushered in a record number of active users. Active client numbers hit an “all-time high” of 292,200 in the three months to 28 February, up from 220,900 in the third quarter of 2021. Overall trading revenue from [...]
IG signs up to sponsor England cricket teams in three-year deal May 26, 2021 City of London firm IG has signed a three-year deal to sponsor England’s cricket teams. The contract with the England and Wales Cricket Board (ECB) will see the online trading specialist support the men’s and women’s national teams. It will also mean IG branding appearing on the men’s shirt in Test, one-day and Twenty20 cricket. [...]
IG Group suspends leveraged bets in 900 shares February 23, 2021 IG Group is withdrawing leveraged share bets on hundreds of firms as the London-based company reacts to the day-trading trend gripping financial markets.
Trading platforms flying high on back of pandemic December 16, 2020 Trading platforms have reported record profits as more people stuck at home during lockdowns took a gamble on the stock markets.
IG Group shares rise as market volatility drives up revenue September 17, 2020 Shares in IG Group rose almost seven per cent this morning after the trading platform reported a surge in first-quarter revenue due to high levels of activity during the coronavirus crisis. IG reported revenue of £209m in the three months to the end of August, up 62 per cent on the same period last year. [...]
IG’s June Felix: Shorter trading hours would make London ‘less competitive’ February 23, 2020 The head of one of Britain’s largest trading platforms has become one of the most senior industry figures to speak out against proposals to cut trading hours in London, saying it would not be “helpful” for the City and could make it “less competitive globally”. June Felix, whose company IG Group offers 24-hour trading to [...]
Hargreaves Lansdown poaches IG Group finance chief Chris Hill August 10, 2015 Hargreaves Lansdown has nabbed IG Group finance boss Chris Hill, it said in a statement this morning. The financial adviser said Hill, who has been in his position for four years, will take over from Simon Cleveland, a partner at Deloitte who has been acting as interim chief financial officer at Hargreaves Lansdown, in March [...]