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IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

774.00GBp
18 Jan 2018
Change (% chg)

17.50 (+2.31%)
Prev Close
756.50
Open
750.00
Day's High
778.50
Day's Low
746.00
Volume
2,275,843
Avg. Vol
1,092,140
52-wk High
797.00
52-wk Low
487.82

Latest Key Developments (Source: Significant Developments)

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

IG Group tp buy DailyFX for $40 million
Friday, 30 Sep 2016 

IG Group Holdings Plc : Acquisition of dailyfx . On an annualised basis, it is expected that addition of dailyfx news and education-based marketing channel will add around £5 million to ongoing operating costs . Currently anticipated that this channel will generate a sufficient number of incremental active clients such that it will be earnings enhancing in IG's FY18 financial year, and will deliver increasing value beyond. . Has agreed, subject to final approvals, to purchase dailyfx, a leading global news and research portal, and its associated assets, from fxcm inc . Deal for a total consideration of $40 . It is anticipated that transaction will complete by end of october .Also expected that purchase price for assets will be amortised on a straight-line basis over 10 years.  Full Article

IG Group confirms CFO appointment
Wednesday, 20 Jul 2016 

IG Group Holdings Plc : Board changes - appointment of CFO . Paul Mainwaring has been appointed an executive director of IG Group Holdings Plc and chief financial officer with immediate effect .Paul Mainwaring will receive a basic salary of 400,000 stg.  Full Article

IG Group full-year proft rises
Tuesday, 19 Jul 2016 

Ig Group Holdings Plc : Fy strong revenue performance across all geographic regions . Final dividend of 22.95 pence per share; full year dividend up 11.5% to 31.40 pence per share . We remain confident that we can deliver further attractive growth going forward - ceo . Final dividend 22.95 penceper share . Total dividend 31.4 penceper share . Fy profit before tax up 7.6% to £207.9 million . £197.9 million of own funds (2) generated from operations . Fy net trading revenue (1) up 14% at £456.3 million . Experienced a real-world test of our systems, processes and risk management with uk's eu referendum - CEO . Ig avails itself of 'passporting' regime in using its uk licence to operate across eu, decision to leave eu does not change much in short term - CEO .Will put plans in place to deal with eu vote... And be ready to act if required to ensure we can continue to operate across europe - CEO.  Full Article