July 23, 2019 / 6:22 AM / 5 months ago

Tighter rules hammer IG Group's annual profit

July 23 (Reuters) - Online trading platform IG Group Holdings on Tuesday reported a slump of almost a third in its earnings for the year, hurt by Europe’s clampdown on the provision of access to high-stakes financial betting to amateur traders.

The mid-cap company, which allows individuals and other non-institutional retail investors to bet on stock, currency and oil market moves, said pretax profit plummeted 31% to 194.3 million pounds for the 12 months ended May 31. (Reporting by Muvija M in Bengaluru; editing by Patrick Graham)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below