Edition:
India

IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

868.00GBp
18 May 2018
Change (% chg)

-2.50 (-0.29%)
Prev Close
870.50
Open
868.00
Day's High
876.00
Day's Low
862.50
Volume
439,699
Avg. Vol
1,293,714
52-wk High
876.00
52-wk Low
545.50

Latest Key Developments (Source: Significant Developments)

IG Group Says ESMA's First Use Of Emergency Powers "Somewhat Questionable"
Tuesday, 27 Mar 2018 

March 27 (Reuters) - IG Group Holdings Plc ::IG GROUP- "ESMA'S FIRST USE OF EMERGENCY POWERS IN SOMEWHAT QUESTIONABLE"- CEO.IG- "COMPLAINTS (TO ESMA) HAVE FALLEN FAST. LESS THAN 1 COMPLAINT FOR EVERY HALF A MILLION TRADE DONE BY INDUSTRY CLIENTS"- CEO.IG GROUP- "SOME OF THESE (ESMA'S) MEASURES ARE STILL NOT REALLY THOUGHT THROUGH"- CEO.IG- "THOUSANDS OF CLIENTS WHO HAVE HAPPILY BEEN TRADING FOR DECADES WILL NOW BE MATERIALLY DISADVANTAGED"- CEO.  Full Article

IG Group Warns On FY19 Revenue After ESMA,FCA Announcement
Tuesday, 27 Mar 2018 

March 27 (Reuters) - IG Group Holdings Plc ::‍RESPONSE TO ESMA AND FCA ANNOUNCEMENTS​.‍SUPPORTS ESMA IN ITS EFFORTS TO ENHANCE CONSUMER PROTECTION​."IG IS DISAPPOINTED THAT ESMA HAS CHOSEN TO PROCEED WITH ITS PROPOSAL TO IMPOSE DISPROPORTIONATE LEVERAGE RESTRICTIONS".IG GROUP- ‍MEASURES ANNOUNCED BY ESMA ONLY RELATE TO RETAIL CLIENTS. IG'S CLIENT BASE IS, AND HAS ALWAYS BEEN, DOMINATED BY SOPHISTICATED TRADERS​.BELIEVES THAT CLIENTS WHO GENERATE OVER HALF OF ITS CURRENT UK AND EU REVENUE WILL BE CLASSIFIED AS ELECTIVE PROFESSIONAL..‍DOES NOT BELIEVE THERE WILL BE ANY FINANCIAL IMPACT FROM IMPLEMENTATION OF MEASURES IN CURRENT FINANCIAL YEAR, FY18​.EXPECTS THAT ITS REVENUE IN FY19 WILL BE LOWER THAN THAT EXPECTED IN FY18, PRIMARILY REFLECTING IMPACT OF REGULATORY CHANGES IN UK AND EU​."DEMAND FOR PRODUCTS AND SERVICES OFFERED BY IG IS STRONG, AND GROWING AND COMPANY EXPECTS TO RETURN TO GROWTH AFTER FY19".  Full Article

IG Group Holdings Says H1 Pretax Profit OF 136.2 Mln Pounds
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - IG Group Holdings Plc ::INTERIM DIVIDEND UP 30 PERCENT TO 9.69 PENCEPER SHARE."GROUP IS TAKING ACTION TO MITIGATE POTENTIAL FINANCIAL IMPACT OF REGULATORY CHANGE"- CEO."IG SUPPORTS OBJECTIVE OF REGULATORS TO IMPROVE RETAIL CLIENT OUTCOMES IN INDUSTRY"- CEO.SAYS ‍H1 NET TRADING REVENUE £268.4 MILLION (H1 FY17: £244.9M) - UP 10%​.SAYS H1 ‍PROFIT BEFORE TAX £136.2 MILLION (H1 FY17: £105.2M) - UP 29%​."MOST EFFECTIVE MEASURE TO IMPROVE CLIENT OUTCOMES IS TO ENSURE THAT PRODUCT IS ONLY MARKETED TO RIGHT PEOPLE IN RIGHT WAY".SAYS ‍INTERIM DIVIDEND OF 9.69 PENCE PER SHARE​.  Full Article

European Market Watchdog consults on potential CFD and binary options measures
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - European Securities and Markets Authority:ESMA- CONSULTS ON POTENTIAL CFD AND BINARY OPTIONS MEASURES TO PROTECT RETAIL INVESTORS.ESMA- HAS PUBLISHED A CALL FOR EVIDENCE ON POTENTIAL PRODUCT INTERVENTION MEASURES RELATING TO THE PROVISION OF CFDS.ESMA- IS NOW SEEKING EVIDENCE FROM STAKEHOLDERS ON THE IMPACT OF THE FOLLOWING PROPOSED MEASURES REGARDING CFDS.ESMA- CONSIDERATIONS INCLUDE LEVERAGE LIMITS ON THE OPENING OF A POSITION BY A RETAIL CLIENT.ESMA- CONSIDERATIONS INCLUDE A MARGIN CLOSE OUT RULE ON A POSITION BY POSITION BASIS.ESMA- CONSIDERATIONS INCLUDE NEGATIVE BALANCE PROTECTION ON A PER ACCOUNT BASIS, RESTRICTION ON INCENTIVISATION OF TRADING.ESMA- CONSIDERATIONS INCLUDE A STANDARDISED RISK WARNING BY CFD PROVIDERS.ESMA- ESMA IS ALSO CONSIDERING WHETHER CFDS IN CRYPTOCURRENCIES SHOULD BE ADDRESSED IN THE MEASURES..ESMA- POTENTIAL MEASURE UNDER CONSIDERATION IS A PROHIBTTION ON THE MARKETING, DISTRIBUTION OR SALE OF BINARY OPTIONS TO RETAIL INVESTORS.  Full Article

IG Group Believes FCA Review Has No New Financial Implications For Its Business​
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - IG Group Holdings Plc ::RESPONSE TO FCA FINDINGS OF REVIEW OF CFD MARKET.‍IG DOES NOT OFFER ADVISORY OR DISCRETIONARY SERVICES FOR CFD PRODUCTS​.BELIEVES THAT IT COMPLIES WITH APPLICABLE RULES AND FCA GUIDANCE AND THAT THIS REVIEW HAS NO NEW FINANCIAL IMPLICATIONS FOR IG'S BUSINESS​.BELIEVE THAT STRICTER SUPERVISION OF THOSE FIRMS WHO DO NOT COMPLY WILL LEAD TO IMPROVED CLIENT OUTCOMES IN INDUSTRY.IG HAS CAREFULLY DEFINED ITS TARGET MARKET.TERMINATED SMALL NUMBER OF RELATIONSHIPS WITH DISTRIBUTORS WHO OFFER CFD PRODUCT TO RETAIL CLIENTS WITHIN UK AND EU​.  Full Article

Plus500 Responds To FCA Letter On Spreadbetters
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Plus500 Ltd ::PLUS500- DOES NOT OFFER RETAIL CUSTOMERS CFDS ON EITHER AN ADVISORY OR DISCRETIONARY PORTFOLIO MANAGEMENT BASIS.PLUS500- THE GUIDANCE CONTAINED IN THE (FCA) LETTER IS NOT DIRECTLY APPLICABLE TO ITS BUSINESS MODEL.  Full Article

IG Says If ESMA Proposal Come Into Force, Reasonable To Expect Some Consolidation
Monday, 18 Dec 2017 

Dec 18 (Reuters) - IG Group Holdings Plc ::IG- "IF PROPOSALS COME INTO FORCE IT WOULD BE REASONABLE TO EXPECT SOME CONSOLIDATION OF INDUSTRY OVER SHORT TO MEDIUM TERM".IG- "IF PROPOSALS COME INTO FORCE THERE WILL BE SOME CLIENTS WHO WILL BE LOOKING FOR A NEW HOME".IG GROUP- "OFFERING MASSIVE MARGINS WILL STOP BEING A DRIVER WHICH AFFECTS CLIENT'S SELECTION".IG- "DEFINITION OF PROFESSIONAL CLIENTS NOT EXPECTED TO CHANGE UNDER MIFID II".IG- "THE MEASURES THAT HAVE BEEN INTRODUCED ARE ALL SENSIBLE".IG- "ONLY THING WE QUIBBLE WITH IS THE LEVERAGE LIMITS PROPOSED ARE MORE ONEROUS THAN IS NEEDED TO ACHIEVE POLICY ENDS".IG- (LEVERAGES PROPOSED) OPEN THE DOOR FOR PEOPLE TO END UP GOING OFFSHORE AND END UP WITH WORST CONSUMER OUTCOMES.IG- (LEVERAGES PROPOSED) BAD FOR US BECAUSE WE ARE NOT GOING TO OPERATE AS AN UNLICENSED ENTITY SELLING INTO THE EU.IG GROUP- "PROPOSALS ARE ALL FINE, ONE GOES TOO FAR".IG GROUP- WE EXPECTS PROFESSIONAL CLIENTS TO BE ABLE TO TRADE BINARY PRODUCTS.  Full Article

IG Group Says No Intent To Cut Dividend
Monday, 18 Dec 2017 

Dec 18 (Reuters) - IG Group Holdings Plc ::IG GROUP HOLDINGS PLC SAYS NO INTENT TO CUT DIVIDEND AT THIS STAGE - CONF CALL ‍​.  Full Article

IG Group Says Financial Impact Of ESMA's ruling on CfDs Unlikely To Be Significant
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Ig Group Holdings Plc ::IG GROUP HOLDINGS PLC - IS SUPPORTIVE OF OBJECTIVES OF REGULATORS TO IMPROVE CLIENT OUTCOMES IN INDUSTRY.IG GROUP HOLDINGS PLC - THAT ANY FINANCIAL IMPACT IS UNLIKELY TO BE SIGNIFICANT IN CURRENT FINANCIAL YEAR.IG GROUP HOLDINGS PLC - SUPPORTS ESMA IN ITS EFFORTS TO ACHIEVE HARMONISATION OF REGULATION ACROSS EU.IG GROUP HOLDINGS PLC - REMAINS DIFFICULT TO PREDICT WHAT IMPACT REGULATORY CHANGE MAY HAVE ON BUSINESS IN SUBSEQUENT FINANCIAL YEARS.  Full Article

IG Group Holdings Says Maintains Guidance Given In July
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - IG Group Holdings Plc ::‍NET TRADING REVENUE IN FIRST HALF IS EXPECTED TO BE AROUND 9% HIGHER THAN IN SAME PERIOD A YEAR AGO​.‍OPERATING COSTS EXCLUDING VARIABLE REMUNERATION IN FIRST HALF OF FY18 ARE EXPECTED TO BE AROUND 7% LOWER THAN IN SAME PERIOD A YEAR AGO​.MAINTAINS GUIDANCE GIVEN IN JULY; OPERATING COSTS EXCLUDING VARIABLE REMUNERATION FOR FY EXPECTED TO REMAIN AT A SIMILAR LEVEL TO FY17​.  Full Article

BRIEF-IG Group Says ESMA's First Use Of Emergency Powers "Somewhat Questionable"

* IG GROUP- "ESMA'S FIRST USE OF EMERGENCY POWERS IN SOMEWHAT QUESTIONABLE"- CEO