Edition:
India

IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

667.20GBp
15 Nov 2019
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892,707
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Tue, Jul 23 2019

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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.

UPDATE 2-Trading platform IG confident of turning corner after profit slump

* Mkt conditions in FY19 "much less favourable" than in FY18 (Adds CEO, CFO comments from the call)

Tighter rules hammer IG Group's annual profit

July 23 Online trading platform IG Group Holdings on Tuesday reported a slump of almost a third in its earnings for the year, hurt by Europe's clampdown on the provision of access to high-stakes financial betting to amateur traders.

BUZZ-IG Group: Jumps on turnaround plan confidence

** IG Group Holdings Plc's shares up 9.6% at 520.6 pence, on track for best day since July 2017

UPDATE 1-IG Group shares jump as it sets out goals to return to growth

May 22 IG Group Holdings Plc on Wednesday unveiled a plan to drive growth even as it forecast a sharp fall in full-year net trading revenue and operating profit, as it continued to suffer from low levels of financial market volatility.

IG Group predicts profit slump as markets, regulation bite

May 22 Online financial trading platform IG Group Holdings Plc on Wednesday forecast a sharp fall in full-year net trading revenue and operating profit, saying it was continuing to suffer from low levels of financial market volatility.

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