IG Group posts rise in revenue despite lowest market volatility in over five years Trading 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 Investing 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 Online trading 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 [...]
IG Group user numbers at ‘all-time high’ following ‘extraordinary meme stock’ rally March 16, 2022 Online trader IG Group has snagged yet another quarter of consecutive growth after the “extraordinary ‘meme stock’” rally ushered in a record number of active users. Active client numbers hit an “all-time high” of 292,200 in the three months to 28 February, up from 220,900 in the third quarter of 2021. Overall trading revenue from [...]
IG signs up to sponsor England cricket teams in three-year deal May 26, 2021 City of London firm IG has signed a three-year deal to sponsor England’s cricket teams. The contract with the England and Wales Cricket Board (ECB) will see the online trading specialist support the men’s and women’s national teams. It will also mean IG branding appearing on the men’s shirt in Test, one-day and Twenty20 cricket. [...]
IG Group suspends leveraged bets in 900 shares February 23, 2021 IG Group is withdrawing leveraged share bets on hundreds of firms as the London-based company reacts to the day-trading trend gripping financial markets.