Edition:
India

IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

692.60GBp
21 Feb 2020
Change (% chg)

1.20 (+0.17%)
Prev Close
691.40
Open
691.80
Day's High
692.60
Day's Low
685.20
Volume
414,840
Avg. Vol
741,201
52-wk High
711.80
52-wk Low
467.40

Latest Key Developments (Source: Significant Developments)

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

IG Group Appoints Bridget Messer And Jon Noble As Executive Directors
Wednesday, 23 May 2018 

May 23 (Reuters) - IG Group Holdings PLC ::IG GROUP HOLDINGS PLC - APPOINTMENT OF BRIDGET MESSER AND JON NOBLE AS EXECUTIVE DIRECTORS WITH EFFECT FROM 1 ST JUNE 2018..  Full Article

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

UPDATE 1-IG Group's profit falls 10% as tighter regulations weigh

Jan 21 British online trading platform IG Group Holdings said on Tuesday its first-half profit fell 10% as it struggled with stricter regulations in Europe and Britain that curbed trading in certain risky products.