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IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

587.80GBp
16 Sep 2019
Change (% chg)

-1.00 (-0.17%)
Prev Close
588.80
Open
595.80
Day's High
595.80
Day's Low
579.60
Volume
757,041
Avg. Vol
987,705
52-wk High
881.72
52-wk Low
467.40

Latest Key Developments (Source: Significant Developments)

IG FY Revenue Guidance Unchanged After Proposed Australia Rule Changes
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - IG Group Holdings PLC ::ASIC CONSULTATION ON CFDS AND BINARY OPTIONS.HAS PREVIOUSLY SET OUT THAT IT EXPECTED THAT PRODUCT INTERVENTION MEASURES WOULD BE INTRODUCED IN AUSTRALIA.GROUP'S GUIDANCE THAT IT EXPECTS TO RETURN TO REVENUE GROWTH IN FY20 ALSO REMAINS UNCHANGED.PACKAGE OF MEASURES BEING PROPOSED BY ASIC ARE SIMILAR TO THOSE THAT HAVE BEEN INTRODUCED BY ESMA IN EU AND WILL APPLY ONLY TO RETAIL CLIENTS.ASIC ARE CONSULTING ON A BAN ON PROVISION OF BINARY OPTIONS TO RETAIL CLIENTS.EXPECTS FINAL PRODUCT INTERVENTION MEASURES WILL BE IMPLEMENTED BY ASIC EARLY IN SECOND HALF OF GROUP'S CURRENT FINANCIAL YEAR, FY20.  Full Article

IG Group FY Operating Profit 192.9 Mln Stg Down 31%
Tuesday, 23 Jul 2019 

July 23 (Reuters) - IG Group Holdings PLC ::IG GROUP HOLDINGS PRELIMINARY RESULTS.IN THREE QUARTERS DURING WHICH ESMA MEASURES WERE IN PLACE THROUGHOUT, 66% OF ESMA REGION REVENUE WAS GENERATED FROM PROFESSIONAL CLIENTS.SERVED 6,000 UNIQUE ESMA REGION PROFESSIONAL CLIENTS IN FY19.AVERAGE REVENUE PER ESMA PROFESSIONAL CLIENT WAS NEARLY £27,000 IN YEAR.55% OF GROUP'S GLOBAL OTC LEVERAGED REVENUE IN FY19 WAS GENERATED FROM CLIENTS WHO HAVE BEEN TRADING WITH COMPANY FOR MORE THAN 3 YEARS.31,510 CLIENTS MADE THEIR FIRST TRADE IN FY19, CONTRIBUTING £66.8M OF REVENUE IN YEAR.FY NET TRADING REVENUE £476.9 MILLION (FY18: £569.0 MILLION).TFY OTAL OPERATING COSTS £284.3 MILLION (FY18: £290.1 MILLION) - DOWN 2%.GROUP ESTIMATES THAT LIFETIME REVENUE VALUE OF FY19 CLIENT COHORT WILL BE AROUND £300M.ACTIONS TAKEN TO DELIVER A RETURN TO REVENUE GROWTH IN FY20.FY OPERATING PROFIT £192.9 MILLION (FY18: £281.1 MILLION) - DOWN 31%.EXPECTS TO RETURN TO REVENUE GROWTH IN FY20.BOARD REITERATES THAT IT EXPECTS TO MAINTAIN 43.2P PER SHARE ANNUAL DIVIDEND UNTIL GROUP'S EARNINGS ALLOW COMPANY TO RESUME PROGRESSIVE DIVIDENDS.  Full Article

IG Group unveils strategy update, new revenue targets
Wednesday, 22 May 2019 

May 22 (Reuters) - IG Group Holdings PLC ::GROUP WILL SET OUT FOUR LEVERS THAT IT INTENDS TO DEPLOY TO DELIVER REVENUE GROWTH: - EXPANDED DISTRIBUTION CHANNELS; - A GLOBAL FIRM WITH MORE LOCAL FOCUS; - SEGMENTED TARGET MARKETS; AND - MULTI-PRODUCT OFFERINGS.GROUP EXPECTS TO DEPLOY A COMBINATION OF ALL FOUR LEVERS IN SIGNIFICANT OPPORTUNITIES WHICH COMPRISE:. EU: EXPANDING INTO NEW PRODUCTS INCLUDING OPTIONS AND TURBO 24S THROUGH SPECTRUM, GROUP'S MTF.USA: LEVERAGING COMBINATION OF NADEX, RFED AND DAILY FX; - JAPAN: PRODUCT LOCALISATION AND MARKETING; .OTHER ASIA: DEVELOPING PARTNERSHIPS TO ACCESS THESE MARKETS;.INSTITUTIONAL SEGMENT: FOCUSED PROPOSITION FOR AN UNDERSERVED CLIENT SEGMENT..GROUP IS TARGETING FOLLOWING REVENUE GROWTH FROM SUCCESSFUL IMPLEMENTATION OF THIS STRATEGIC PLAN: - CORE MARKETS: REVENUE GROWTH AT AROUND 3-5% PER ANNUM OVER MEDIUM TERM; AND - SIGNIFICANT OPPORTUNITIES: AN INCREASE IN REVENUE OF £100 MILLION, TO AROUND £160 MILLION IN FY22.ASSUMING THESE TARGETS ARE ACHIEVED, GROUP'S REVENUE IN FY22 WILL BE AROUND 30% HIGHER THAN IN FY19.DELIVERY OF THIS TARGETED REVENUE GROWTH WILL REQUIRE ADDITIONAL INVESTMENT. OPERATING EXPENSES, EXCLUDING VARIABLE REMUNERATION, ARE EXPECTED TO BE AROUND £257 MILLION IN FY19, AND ARE EXPECTED TO INCREASE BY AROUND £30 MILLION IN FY20.  Full Article

UK's FCA Confirms Permanent Ban On The Sale Of Binary Options To Retail Consumers
Friday, 29 Mar 2019 

March 29 (Reuters) - UK's FCA::FCA CONFIRMS PERMANENT BAN ON THE SALE OF BINARY OPTIONS TO RETAIL CONSUMERS.UK'S FCA- CONFIRMING ALL FIRMS ACTING IN OR FROM THE UK ARE PROHIBITED FROM SELLING, MARKETING OR DISTRIBUTING BINARY OPTIONS TO RETAIL CONSUMERS.UK'S FCA - FCA’S RULES ARE IN SUBSTANCE SAME AS ESMA'S EXISTING, EU-WIDE TEMPORARY RESTRICTIONS ON BINARY OPTIONS.UK FCA'S - ESTIMATES PERMANENT BAN ON BINARY OPTIONS COULD SAVE RETAIL CONSUMERS UP TO £17M A YEAR, MAY REDUCE RISK OF FRAUD BY UNAUTHORISED ENTITIES.UK'S FCA- THE NEW RULES TACKLE WIDESPREAD CONCERNS ABOUT THE INHERENT RISKS OF THESE PRODUCTS, AND THE POOR CONDUCT OF THE FIRMS SELLING THEM.UK'S FCA - FCA IS ALSO APPLYING ITS RULES TO SO-CALLED ‘SECURITISED BINARY OPTIONS’ THAT WERE EXCLUDED FROM ESMA’S PROHIBITION.UK'S FCA- THE FCA’S RULES ON BINARY OPTIONS ARE PERMANENT AND COME INTO FORCE ON 2 APRIL 2019.  Full Article

Aggregate Of Standard Life Aberdeen Discloses 5.04 Pct Stake In IG Group
Friday, 22 Feb 2019 

Feb 22 (Reuters) - IG Group Holdings PLC ::AGGREGATE OF STANDARD LIFE ABERDEEN DISCLOSES 5.04 PERCENT STAKE IN IG GROUP HOLDINGS AS OF FEB 20 - FILING.  Full Article

IG Group Launches U.S. Unit Offering Foreign Exchange Services
Friday, 1 Feb 2019 

Feb 1 (Reuters) - IG Group Holdings PLC ::ANNOUNCES THE LAUNCH OF IG US, ITS US-BASED SUBSIDIARY OFFERING FOREIGN EXCHANGE SERVICES.IG US WILL INITIALLY BE OPEN TO SELECT CLIENTS, BEFORE BEING MADE AVAILABLE TO THE WHOLE OF THE US MARKET IN EARLY FEBRUARY.  Full Article

IG Group Sees H1 2019 Rev About 6 Pct Lower Than Last Yr
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - IG Group Holdings PLC ::PRE-CLOSE TRADING UPDATE.REVENUE IN FIRST HALF IS EXPECTED TO BE AROUND 6% LOWER THAN IN SAME PERIOD IN FY18, WHICH WAS A RECORD FOR IG.GROUP REVENUE IN FOUR MONTH PERIOD SINCE ALL ESMA MEASURES CAME INTO EFFECT IS EXPECTED TO BE AROUND 10% LOWER THAN IN SAME PERIOD A YEAR AGO.REVENUE IN THAT FOUR MONTH PERIOD SINCE AUG IN ESMA REGION (UK AND EU) IS EXPECTED TO BE AROUND 20% LOWER.NUMBER OF CLIENTS IN UK AND EU WHO HAVE ELECTED TO BE CLASSIFIED AS PROFESSIONAL CONTINUED TO INCREASE DURING HY PERIOD.IG EUROPE, GROUP'S CLIENT FACING SUBSIDIARY IN GERMANY, HAS RECEIVED ITS LICENCE FROM BAFIN.GERMAN SUBSIDIARY PROVIDES CERTAINTY THAT WILL BE ABLE TO OFFER ITS REGULATED FINANCIAL PRODUCTS IN EU MEMBER STATES FOLLOWING UK'S EXIT FROM EU.  Full Article

IG Group appoints June Felix as CEO
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - IG Group Holdings PLC ::IG GROUP HOLDINGS PLC A GLOBAL LEADER IN ONLINE TRADING, IS PLEASED TO ANNOUNCE APPOINTMENT OF JUNE FELIX AS CHIEF EXECUTIVE OFFICER ('CEO') OF GROUP AND AS AN EXECUTIVE DIRECTOR ON BOARD OF IG WITH IMMEDIATE EFFECT..JUNE WAS SELECTED AS CEO FOLLOWING AN EXTENSIVE SUCCESSION PLANNING PROCESS THAT ASSESSED EXTERNAL AND INTERNAL CANDIDATES SUPPORTED BY RUSSELL REYNOLDS AND KORN FERRY..  Full Article

IG Group CEO Peter Hetherington To Step Down
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - IG Group Holdings PLC ::IG GROUP HLDGS PLC - DIRECTORATE CHANGE.IG GROUP HOLDINGS PLC - PETER HETHERINGTON WILL STEP DOWN AS CEO OF GROUP..IG GROUP HOLDINGS PLC - DURING INTERIM PERIOD PAUL MAINWARING, IG'S CFO, WILL ASSUME ADDITIONAL ROLE OF INTERIM CEO.IG GROUP HOLDINGS PLC - BOARD IS WELL ADVANCED WITH ITS SEARCH FOR A NEW CEO.  Full Article

IG Group Says FY Operating Profit Up 32 Pct To 281.1 Mln Pounds
Tuesday, 24 Jul 2018 

July 24 (Reuters) - IG Group Holdings PLC ::FINAL DIVIDEND 33.51 PENCEPER SHARE.TOTAL DIVIDEND 43.2 PENCEPER SHARE.FY OPERATING PROFIT £281.1 MILLION (FY17: £213.4 MILLION) - UP 32%.FY OPERATING PROFIT MARGIN 49.4% (FY17: 43.5%) - UP 5.9% POINTS.FY NET TRADING REVENUE £569.0 MILLION.FY FINAL DIVIDEND OF 33.51 PENCE PER SHARE; FULL YEAR DIVIDEND 43.2 PENCE PER SHARE.COMPANY EXPECTS THAT ITS REVENUE IN FY19 WILL BE LOWER THAN IN FY18, REFLECTING IMPACT OF REGULATORY CHANGES IN UK AND EU.COMPANY EXPECTS TO RETURN TO GROWTH AFTER FY19.IG GROUP ON FY 19 OUTLOOK - BELIEVES REDUCTION IN HISTORIC REVENUE FROM IMPLEMENTATION OF MEASURES ANNOUNCED BY ESMA WOULD HAVE BEEN APPROXIMATELY 10%.EXPECTS TO MAINTAIN 43.2 PENCE PER SHARE ANNUAL DIVIDEND UNTIL GROUP'S EARNINGS ALLOW BOARD TO RESUME PROGRESSIVE DIVIDENDS.  Full Article

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Trading platform IG confident of turning corner after profit slump

IG Group expects to return to revenue growth in the second half of this year after the online trading platform reported a 31% slump in annual earnings due to Europe's clampdown on high-stakes financial betting by amateur traders.