London Capital Group figures up

London Capital Group (LCG) said yesterday its full-year profit before tax for 2010 is in line with market expectations. In a statement issued ahead of the publication of its results on 22 February, the financial services and online spread betting company revealed a 38 per cent increase in net revenue per active client, while the average number of UK spread betting trades per day climbed to 29,256 – a 22 per cent increase on 2009’s figures. Start-up costs meant the group’s new CFD divisions, LCG MetaTrader and Capital CFD's, incurred net losses of £0.8m for the year.