Trading platforms flying high on back of pandemic December 16, 2020 Trading platforms have reported record profits as more people stuck at home during lockdowns took a gamble on the stock markets.
IG Group shares rise as market volatility drives up revenue September 17, 2020 Shares in IG Group rose almost seven per cent this morning after the trading platform reported a surge in first-quarter revenue due to high levels of activity during the coronavirus crisis. IG reported revenue of £209m in the three months to the end of August, up 62 per cent on the same period last year. [...]
IG’s June Felix: Shorter trading hours would make London ‘less competitive’ February 23, 2020 The head of one of Britain’s largest trading platforms has become one of the most senior industry figures to speak out against proposals to cut trading hours in London, saying it would not be “helpful” for the City and could make it “less competitive globally”. June Felix, whose company IG Group offers 24-hour trading to [...]
Hargreaves Lansdown poaches IG Group finance chief Chris Hill August 10, 2015 Hargreaves Lansdown has nabbed IG Group finance boss Chris Hill, it said in a statement this morning. The financial adviser said Hill, who has been in his position for four years, will take over from Simon Cleveland, a partner at Deloitte who has been acting as interim chief financial officer at Hargreaves Lansdown, in March [...]
IG Group share price slides as chief executive Tim Howkins resigns July 21, 2015 Shares in IG Group slid 4.5 per cent to 771p this morning after Tim Howkins said he will retire from his role as chief executive and a director in October, as the company revealed that its full-year profits had been dented by the Swiss franc crisis earlier this year. The financial spread betting firm said Peter [...]
Dubai and Netherlands moves set IG Group on track for targets May 28, 2015 Online trading company IG Group said yesterday that it remains on track to meet full-year financial expectations. In a trading update for the fourth quarter, IG said it made good strategic progress over the period, extending its stockbroking offering into the Netherlands and receiving approval in-principle of its regulatory licence in Dubai towards the end [...]
IG Group shows how it stomached the Swiss Franc shock March 17, 2015 The figures IG said the Swiss franc shock reduced revenue by £11.8m to £91.8m, down 5.1 per cent from the same period last year. However, excluding this, underlying revenue rose 7.1 per cent to £103.6m. It said the Swiss franc turmoil resulted in client debts of £18.4m, however it expects to provide for most of these. "Although half of [...]
IG Group had strong half year before Swiss franc share shock January 20, 2015 The figures IG Group performed well during the six months to 30 November, following a “very subdued first quarter”. Pre-tax profits were up 2.8 per cent at £101.4m, while net revenue rose by eight per cent to £197.4m. Why it's interesting Last week, the financial spread betting firm suffered badly at the hands of [...]
IG Group share price sinks on £30m hit after Swiss Franc soars 40 per cent January 15, 2015 IG Group's share price suffered after it announced a potential hit of £30m, as its investors reacted to the Swiss central bank's shock decision to ditch its currency "ceiling". The financial spread betting firm's share price fell as much as 6.7 per cent to £6.94 in late-afternoon trade. It said clients' "positions were closed at [...]
Flat markets hurt IG Group’s income as traders cut activity September 17, 2014 Revenues slumped at IG Group over the three months to August as low volatility left little room for its trading clients to act, the firm said yesterday. Incomes dropped nine per cent from £93.6m to £85.6m. Every country was hit – the smallest drop came in the UK, where revenues fell three per cent to [...]