IG Group profit sags as trading activity falls Investment IG Group’s revenue sagged three per cent over the last year as the firm struggled to bring in new traders to its core business as market volatility remained subdued. In its results for the year to 31st May, the group said net trading revenue in over-the-counter derivatives (OTC) such as contracts for difference (CFDs) and [...]
IG Design: Cards and Christmas cracker giant nearly triples profit despite ‘soft demand’ Retail IG Design, the world’s biggest maker of greeting cards, wrapping paper and gift bags, has nearly tripled its annual profit despite a drop in revenue on "soft demand", as it focuses on simplifying the business.
IG Group launches UK derivatives platform Investment IG Group has launched a platform in the UK providing US-listed options and futures trading called Tastytrade.
IG Group posts rise in revenue despite lowest market volatility in over five years March 14, 2024 Online trading platform IG Group has posted an increase in revenue in the third quarter despite seeing the lowest level of market volatility in more than five years.
IG Group shares down: ‘Unexciting markets’ cause 21 per cent profit drop January 25, 2024 IG Group experienced a 21 per cent drop in adjusted profits before tax in the second half of 2023, which acting CEO Charlie Rozes credited to “unexciting markets” for its clients. The group’s share price fell 9.5 per cent on open this morning, before recovering slightly. Speaking to City A.M, Rozes said that he thought [...]
After a difficult 2023, outlook for online trading platforms brightens as retail investors return January 8, 2024 A number of trading platforms recorded exceptionally good years in 2021 and 2022 as people locked at home during Covid with nothing to spend money on took a punt on an increasingly volatile market.
IG Group slashing 10 per cent of its workforce in cost-cutting drive to save £50m yearly October 31, 2023 The job cuts make up around 10 per cent of IG Group's total workforce at the end of the 2023 financial year.
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 [...]