IG Group revenue on the rise

British spread-betting company IG Group said it expected higher first-half revenue and had won market share amid ongoing economic uncertainty which has led to subdued trading volumes.

IG, which says it is the world's biggest spread-better by revenue, forecast first-half turnover of £157m ($249m), up nine per cent. It said costs were in line with management's expectations.

IG competes with unlisted rivals such as CMC Markets and City Index, and all three companies have targeted retail investors looking to gamble on the world's financial markets.

IG said it had higher turnover in its core domestic market as well as at its overseas businesses, such as Australia, Germany, Japan and Singapore.