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IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

23 Mar 2017
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-26.00 (-4.96%)
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Latest Key Developments (Source: Significant Developments)

IG Group says Q3 revenue down to 117.4 million pounds
3:00am EDT 

IG Group Holdings Plc - : Q3 revenue of 117.4 million pounds versus. 122.0 million pounds . Active client numbers were ahead by 13 pct, driven by ongoing success in online marketing . Q3 revenue per client was down by 15 pct . Q3 new first trades in period over 20 pct higher than prior year . "Following a quiet Q3 in financial markets, Q4 has started better for IG" .As company enters final quarter, none of announced regulatory changes has yet had any impact.  Full Article

IG Group says French regulatory changes could enhance competitive position
Monday, 9 Jan 2017 02:00am EST 

IG Group Holdings Plc : Update on french regulatory position on CFDS . Provides an update on impact of new requirements from AMF, a supervisor of company's activities, on advertising of its products in France . Following passing of SAPIN 2 law at end of 2016, general rulebook of AMF has now been adopted . Key marketing restrictions do not impact accounts that IG now offers to new clients in france . IG's accounts provide a limited loss-by-position guarantee as required, and therefore also a guarantee of no negative balance . Restrictions have no impact on current client base . Does not believe these restrictions will have a material negative impact on its business in France in short term . Restrictions could ultimately enhance company's future competitive position in country .Believes AMF's approach will provide substantial protection for consumers and greatly improve standards in the sector.  Full Article

IG Group says "no intention" of moving HQ out of UK
Wednesday, 14 Dec 2016 07:17am EST 

IG Group Holdings Plc : "The UK has Been IG's home market since co was established in 1974, and we have absolutely no intention to change this” Head of Investor Relations Further company coverage: [IGG.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

IG Group says will consider full implications of BaFin's plan to limit CFD trading
Thursday, 8 Dec 2016 11:39am EST 

IG Group Holdings Plc : Response to BaFin announcement regarding CFDS . Firmly believes in robust and proportionate regulatory oversight of cfd sector in all markets in which it operates . Notes today's intended measure issued by BaFin, a supervisor of company's activities in Germany, regarding marketing, distribution and sale of cfds to retail clients. .Considers BaFin proposal to be consistent with ig's recent introduction of limited risk accounts.  Full Article

IG Group responds to FCA's proposed rules for spread betting
Tuesday, 6 Dec 2016 05:04am EST 

IG Group Holdings Plc : Response to FCA consultation paper . Has operated and will continue to operate to highest standards in industry . Will carefully consider implications of FCA consultation paper and courses of action open to it . And will respond in accordance with timeline provided of March 7 2017 . Firmly believes in robust and proportionate regulatory oversight of CFD sector in UK and Europe . Initial view is that certain of FCA proposals could enhance client outcomes . Notes, however, that FCA's proposals do not appear to directly apply to firms operating from outside UK offering CFDS .Notes FCA proposals do not appear to directly apply to binaries to clients in UK on cross-border services passport from other EU member state.  Full Article

IG Group continues to perform in line with expectations after a strong Q2
Wednesday, 30 Nov 2016 02:00am EST 

IG Group Holdings Plc : Pre close trading update . Today issues following trading update for Q2 of financial year ending 31 May 2017, ahead of entering its close period . Continues to perform in line with expectations, after a strong Q2 .Higher operating costs over first half of financial year, due primarily to ongoing success in effective new client recruitment, have been offset by good revenue.  Full Article

IG Group tp buy DailyFX for $40 million
Friday, 30 Sep 2016 02:45am EDT 

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 07:21am EDT 

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 02:00am EDT 

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

IG Group appoints Paul Mainwaring as CFO designate
Friday, 8 Jul 2016 02:00am EDT 

IG Group Holdings Plc : Appointment of chief financial officer . Has appointed Paul Mainwaring as chief financial officer (cfo) designate . Paul qualified as a chartered accountant with Price Waterhouse and, until recently, was cfo of Tullett Prebon Plc . Paul will start on July 11, replacing Mark Ward who will leave IG after a short handover, as originally planned .Once regulatory approval is received, Paul will take up role on a permanent basis and join board of IG.  Full Article

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UPDATE 1-IG Group's qtrly revenue falls 3.8 pct on UK, Ireland weakness

March 23 British online trading company IG Group Holdings Plc reported a 3.8 percent fall in quarterly revenue as it earned less per client, especially in the United Kingdom and Ireland - its largest market.