Edition:
India

IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

697.80GBp
13 Dec 2019
Change (% chg)

28.60 (+4.27%)
Prev Close
669.20
Open
685.80
Day's High
699.54
Day's Low
682.20
Volume
541,307
Avg. Vol
863,432
52-wk High
699.54
52-wk Low
467.40

Latest Key Developments (Source: Significant Developments)

IG Group Names Robert McTighe As Chairman
Wednesday, 11 Dec 2019 

Dec 11 (Reuters) - IG Group Holdings PLC ::NEW CHAIRMAN APPOINTMENT.APPOINTMENT OF ROBERT MICHAEL (MIKE) MCTIGHE AS CHAIRMAN OF BOARD.JONATHAN MOULDS WILL CONTINUE TO SERVE AS INTERIM CHAIRMAN UNTIL 3 FEBRUARY 2020 WHEN MIKE MCTIGHE'S APPOINTMENT TAKES EFFECT.  Full Article

IG Group Sees Net Trading Revenue In H1 Around £250 Million
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - IG Group Holdings PLC ::IG GROUP HLDGS PLC - PRE CLOSE TRADING UPDATE.IG GROUP HOLDINGS PLC - NET TRADING REVENUE IN H1 FY20 IS EXPECTED TO BE AROUND £250 MILLION.IG GROUP HOLDINGS PLC - REVENUE IN GROUP'S CORE MARKETS IN H1 FY20 IS EXPECTED TO BE AROUND £210 MILLION.IG GROUP - REDUCTION IN HY REVENUE IN CORE MARKETS IS DUE TO PRIOR YEAR PERIOD INCLUDING TWO MONTHS OF TRADING PRIOR TO IMPLEMENTATION OF ESMA MEASURE.IG GROUP HOLDINGS - CORE BUSINESS SERVED, ON AVERAGE, 78,500 OTC LEVERAGED CLIENTS PER QUARTER IN ITS CORE MARKETS IN H1 FY20.  Full Article

IG Group Appoints Jon Noble As Chief Operating Officer
Friday, 14 Jun 2019 

June 14 (Reuters) - IG Group Holdings PLC ::IG GROUP HLDGS PLC - DIRECTORATE CHANGE.IG GROUP HOLDINGS PLC - CHANGE TO ROLE, FUNCTION AND RESPONSIBILITIES OF JON NOBLE, AN EXECUTIVE DIRECTOR OF COMPANY SINCE 1 JUNE 2018.IG GROUP HOLDINGS PLC - JON NOBLE, PREVIOUSLY CHIEF INFORMATION OFFICER, IS APPOINTED AS CHIEF OPERATING OFFICER OF COMPANY WITH IMMEDIATE EFFECT.IG GROUP - BRIDGET MESSER, CHIEF COMMERCIAL OFFICER, PAUL MAINWARING, CFO, WILL CONTINUE TO SERVE AS EXECUTIVE DIRECTORS IN THEIR CURRENT ROLES.  Full Article

FCA Updates On Delay To Publication Of Final Rules For CFDs Products And CFD-Like Options
Friday, 26 Apr 2019 

April 26 (Reuters) - FCA::FCA STATEMENT ON DELAY TO PUBLICATION OF FINAL RULES FOR CFDS PRODUCTS AND CFD-LIKE OPTIONS.FIRMS THAT SELL, MARKET, OR DISTRIBUTE CFD-LIKE OPTIONS WOULD BE GIVEN AT LEAST TWO MONTHS TO COMPLY WITH NEW RULES.STILL CONSIDERING CONSULTATION FEEDBACK & ESMA’S TEMPORARY RESTRICTIONS CONTINUE TO APPLY; PLAN TO PUBLISH POLICY STATEMENT IN SUMMER 2019.FINAL RULES FOR CFDS WOULD APPLY FROM DATE THAT ESMA’S RESTRICTIONS EXPIRE, IF NOT EARLIER.  Full Article

IG Group Says Chairman Andy Green To Step Down In September
Monday, 15 Apr 2019 

April 15 (Reuters) - IG Group Holdings PLC ::ANDY GREEN HAS INFORMED BOARD OF HIS INTENTION TO STEP DOWN AS CHAIRMAN AT IG'S AGM IN SEPTEMBER 2019..MALCOLM LE MAY, AS SENIOR INDEPENDENT DIRECTOR WILL LEAD NOMINATIONS COMMITTEE IN SEARCH FOR NEXT CHAIRMAN OF IG..  Full Article

ESMA renews CFD restrictions for 3 months from May 1
Wednesday, 27 Mar 2019 

March 27 (Reuters) - :EUROPEAN SECURITIES AND MARKETS AUTHORITY TO RENEW RESTRICTIONS ON CFDS FOR A FURTHER THREE MONTHS FROM MAY 1.ESMA SAYS STILL HAS CONCERNS ABOUT THE OFFER OF CFDS TO RETAIL CLIENTS.  Full Article

IG Group Reports 12 Pct Lower Net Trading Revenue In Q3 Vs Q2
Thursday, 21 Mar 2019 

March 21 (Reuters) - IG Group Holdings PLC ::IG GROUP HLDGS PLC - THRID QUARTER REVENUE UPDATE.IG GROUP HOLDINGS PLC - NET TRADING REVENUE WAS £108.0M IN Q3 FY19, 12% LOWER THAN IN Q2 FY19.IG GROUP HOLDINGS PLC - TOTAL NUMBER OF OTC LEVERAGED ACTIVE CLIENTS IN Q3 INCREASED BY 1% TO 84,200.IG GROUP HOLDINGS PLC - YEAR TO DATE NET TRADING REVENUE OF £359.0M IS 15% LOWER THAN IN SAME PERIOD IN PRIOR YEAR.IG GROUP HOLDINGS PLC - LOWER REVENUE PER CLIENT REFLECTS REDUCING LEVELS OF VOLATILITY IN FINANCIAL MARKETS THROUGHOUT QUARTER.IG GROUP HOLDINGS PLC - LOWER YEAR TO DATE NET TRADING REVENUE REFLECTS IMPACT OF ESMA MEASURES.IG GROUP HOLDINGS PLC - CONTINUES TO EXPECT THAT ITS REVENUE IN FY19 WILL BE LOWER THAN IN FY18.IG GROUP - COST GUIDANCE FOR FY19 REMAINS UNCHANGED WITH TOTAL OPERATING COSTS EXPECTED TO BE AT A SIMILAR LEVEL TO £290 MILLION OPERATING COSTS IN FY18.IG GROUP HOLDINGS PLC - BOARD REITERATES THAT COMPANY EXPECTS TO MAINTAIN 43.2P PER SHARE ANNUAL DIVIDEND.  Full Article

IG Group HY Rev, Profit Fall; Sees Return To Growth After FY19
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - IG Group Holdings PLC ::HY NET TRADING REVENUE £251.0 MILLION (H1 FY18: £268.4 MILLION) - DOWN 6%.HY OPERATING PROFIT £112.5 MILLION (H1 FY18: £136.5 MILLION) - DOWN 18%.HY PROFIT BEFORE TAXATION 113.0 MILLION POUNDS VERSUS 136.2 MILLION POUNDS.69% OF THE GROUP'S ESMA REGION REVENUE IN Q2 FY19 CAME FROM PROFESSIONAL CLIENTS.IN HY, 14,626 NEW OTC LEVERAGED CLIENTS (H1 FY18: 18,027).CONTINUES TO EXPECT THAT ITS REVENUE IN FY19 WILL BE LOWER THAN IN FY18, REFLECTING THE IMPACT OF THE ESMA MEASURES.CO EXPECTS TO MAINTAIN 43.2P PER SHARE ANNUAL DIVIDEND UNTIL THE GROUP'S EARNINGS ALLOW THE COMPANY TO RESUME PROGRESSIVE DIVIDENDS.COMPANY WILL, AS PREVIOUSLY GUIDED, RETURN TO GROWTH AFTER FY19.  Full Article

IG Group Says FCA Proposals Do Not Change Group Rev Expectations
Friday, 7 Dec 2018 

Dec 7 (Reuters) - IG Group Holdings PLC ::IG GROUP HLDGS PLC - RESPONSE TO FCA CONSULTATION CP18/38.IG GROUP - CONTINUES TO BE SUPPORTIVE OF OBJECTIVE OF REGULATORS TO "IMPROVE CLIENT OUTCOMES" & WILL CONTINUE TO ENGAGE FULLY WITH REGULATORS.IG GROUP HOLDINGS PLC - FCA'S PROPOSALS HAVE BEEN ANTICIPATED BY CO, AND DO NOT CHANGE COMPANY'S EXPECTATIONS ON PERFORMANCE OR GROUP REVENUE.  Full Article

UK markets watchdog proposes permanent measures for CFDs, binary options
Friday, 7 Dec 2018 

Dec 7 (Reuters) - CMC Markets PLC ::FCA PROPOSES PERMANENT MEASURES FOR RETAIL CFDS AND BINARY OPTIONS.UK'S FCA - PROPOSING RULES TO ADDRESS HARM TO RETAIL CONSUMERS FROM SALE OF COMPLEX DERIVATIVE PRODUCTS WITH PUBLICATION OF 2 CONSULTATION PAPERS.UK'S FCA SAYS RULES ON RETAIL CFDS AND BINARY OPTIONS BAN SALE, MARKETING AND DISTRIBUTION OF BINARY OPTIONS TO RETAIL CONSUMERS.  Full Article

Photo

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.