IG Group shows how it stomached the Swiss Franc shock March 17, 2015 The figures IG said the Swiss franc shock reduced revenue by £11.8m to £91.8m, down 5.1 per cent from the same period last year. However, excluding this, underlying revenue rose 7.1 per cent to £103.6m. It said the Swiss franc turmoil resulted in client debts of £18.4m, however it expects to provide for most of these. "Although half of [...]
IG Group had strong half year before Swiss franc share shock January 20, 2015 The figures IG Group performed well during the six months to 30 November, following a “very subdued first quarter”. Pre-tax profits were up 2.8 per cent at £101.4m, while net revenue rose by eight per cent to £197.4m. Why it's interesting Last week, the financial spread betting firm suffered badly at the hands of [...]
IG Group share price sinks on £30m hit after Swiss Franc soars 40 per cent January 15, 2015 IG Group's share price suffered after it announced a potential hit of £30m, as its investors reacted to the Swiss central bank's shock decision to ditch its currency "ceiling". The financial spread betting firm's share price fell as much as 6.7 per cent to £6.94 in late-afternoon trade. It said clients' "positions were closed at [...]
Flat markets hurt IG Group’s income as traders cut activity September 17, 2014 Revenues slumped at IG Group over the three months to August as low volatility left little room for its trading clients to act, the firm said yesterday. Incomes dropped nine per cent from £93.6m to £85.6m. Every country was hit – the smallest drop came in the UK, where revenues fell three per cent to [...]
IG Group expects to reach profit target despite revenue warning May 22, 2014 IG GROUP, the spreadbetting trading platform, yesterday said a quiet trading period this month would hurt full-year revenues. The group, which allows consumers to bet on the price movement of financial products, said trading in May had been subdued since it last updated the market in March. The group is expected to release its full [...]
Revenues rising for spread better IG Group as retail investors return January 14, 2014 SIGNS of economic recovery have renewed confidence among retail investors who have begun trading more, British financial spread betting firm IG Group said yesterday, as it reported an eight per cent rise in first half profit. IG chief executive Tim Howkins said market conditions in the six months to 30 November were much like the [...]
IG Group says revenues slightly ahead so far in second quarter November 19, 2013 FINANCIAL spread betting firm IG Group said yesterday its revenue was slightly ahead of a year ago so far in the second quarter. The company, which allows investors to speculate on the future price of securities or baskets of securities, said in a trading update that the business had traded satisfactorily through the period, but [...]