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IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

865.00GBp
17 Jul 2018
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Latest Key Developments (Source: Significant Developments)

IG Group Says Q3 Net Trading Revenue Was 30% High
Thursday, 22 Mar 2018 03:00am EDT 

March 22 (Reuters) - Ig Group Holdings Plc ::Q3 ‍NET TRADING REVENUE OF £152.9M WAS 30% HIGHER THAN IN SAME PERIOD IN PRIOR YEAR​.‍REVENUE IN Q3 BENEFITED FROM HIGH LEVEL OF CLIENT TRADING ACTIVITY, AND FROM AN INCREASE IN NUMBER OF ACTIVE CLIENTS​.‍OTC LEVERAGED REVENUE PER CLIENT OF £1,482 IN QUARTER WAS 25% HIGHER THAN IN PRIOR YEAR​.  Full Article

IG Group Believes FCA Review Has No New Financial Implications For Its Business​
Wednesday, 10 Jan 2018 06:31am EST 

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 05:25am EST 

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 05:08am EST 

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 05:00am EST 

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 02:00am EST 

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 02:00am EST 

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 Holdings says Q1 revenue up 21 pct to 135.2 mln pounds
Thursday, 21 Sep 2017 02:00am EDT 

Sept 21 (Reuters) - IG GROUP HOLDINGS PLC ::Q1 TOTAL REVENUE OF 135.2 MILLION STG VERSUS 111.4 MILLION STG YEAR AGO.PRIOR YEAR PERIOD WAS IMPACTED BY PROACTIVE MANAGEMENT ACTIONS TO PROTECT CLIENTS FROM EXTREME VOLATILITY AT TIME OF UK'S EU REFERENDUM.CLIENT NUMBERS IN UK WERE, AS EXPECTED, LOWER THAN IN EQUIVALENT QUARTER IN PRIOR YEAR.SAYS NATURE AND TIMING OF POTENTIAL REGULATORY CHANGES IN UK AND SOME OTHER KEY MARKETS FOR GROUP REMAIN UNCERTAIN.  Full Article

IG Group Holdings FY net trading revenue up 8 pct
Tuesday, 18 Jul 2017 02:00am EDT 

July 18 (Reuters) - Ig Group Holdings Plc :Final dividend 22.88 pence per share.Total dividend up 3 percent to 32.3 pence per share.FY net trading revenue up 8 percent at GBP 491.1 million.FY operating expenses up 14 percent, reflecting continued investment in effective marketing.FY profit before tax up 3 percent to GBP 213.7 million; profit before tax margin 43.5 percent (FY16: 45.6 percent).FY new client numbers, defined as first trades, ahead of prior year by 38 percent; 15 percent in OTC leveraged business.IG is compliant with results of consultations from BAFIN and AMF.Year turned out to be one of least volatile in financial markets for decades- CEO.Group is planning for the UK's exit from the EU, and good progress is being made in securing regulatory approval for a subsidiary based in the EU.  Full Article

IG supports UK watchdog's decision to delay rules on contracts for differences
Thursday, 29 Jun 2017 06:42am EDT 

June 29 (Reuters) - IG Group Holdings Plc :IG Group Holdings Plc response to FCA and ESMA announcements.Notes that ESMA has today released a general statement on product intervention concerning CFDS and other speculative products​.Supports FCA's decision to delay, in order to achieve harmonisation across Europe for regulation of CFDS and ensure that any measures are informed by clear and robust data analysis.‍Agrees with FCA and ESMA that there are some people trading CFDS for whom product is not suitable​.‍Will continue to engage with FCA and ESMA to achieve right balance​.‍Already sets leverage at responsible levels that do not cause poor outcomes​.  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