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IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

566.50GBp
10:48am EDT
Change (% chg)

-18.00 (-3.08%)
Prev Close
584.50
Open
584.00
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589.50
Day's Low
566.50
Volume
760,317
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1,211,950
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956.50
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566.50

Latest Key Developments (Source: Significant Developments)

IG Group CEO Peter Hetherington To Step Down
Thursday, 27 Sep 2018 02:02am EDT 

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 02:00am EDT 

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 02:01am EDT 

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 06:55am EDT 

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 03:57am EDT 

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

IG Group Holdings Says H1 Pretax Profit OF 136.2 Mln Pounds
Tuesday, 23 Jan 2018 02:00am EST 

Jan 23 (Reuters) - IG Group Holdings Plc ::INTERIM DIVIDEND UP 30 PERCENT TO 9.69 PENCEPER SHARE."GROUP IS TAKING ACTION TO MITIGATE POTENTIAL FINANCIAL IMPACT OF REGULATORY CHANGE"- CEO."IG SUPPORTS OBJECTIVE OF REGULATORS TO IMPROVE RETAIL CLIENT OUTCOMES IN INDUSTRY"- CEO.SAYS ‍H1 NET TRADING REVENUE £268.4 MILLION (H1 FY17: £244.9M) - UP 10%​.SAYS H1 ‍PROFIT BEFORE TAX £136.2 MILLION (H1 FY17: £105.2M) - UP 29%​."MOST EFFECTIVE MEASURE TO IMPROVE CLIENT OUTCOMES IS TO ENSURE THAT PRODUCT IS ONLY MARKETED TO RIGHT PEOPLE IN RIGHT WAY".SAYS ‍INTERIM DIVIDEND OF 9.69 PENCE PER SHARE​.  Full Article

European Market Watchdog consults on potential CFD and binary options measures
Thursday, 18 Jan 2018 02:24am EST 

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 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

UPDATE 2-IG Group shares drop as veteran CEO Hetherington steps down

Sept 27 Shares in IG Group fell more than 11 percent on Thursday after the online trader said Chief Executive Peter Hetherington would step down, a departure that will increase uncertainty for the company amid a regulatory clampdown on spread-betting.