London Capital profits are in-line

Online spread betting firm London Capital Group said its profits for the first half of the year will be in line with previous forecasts in the region of £3m. The firm said in a trading update that its institutional foreign exchange business hit record volumes of $2.4bn in the period. The group’s new CFD divisions are gaining momentum, the firm said, though they made a loss of £0.4m in the half-year.