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IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

510.00GBp
25 Mar 2019
Change (% chg)

-3.00 (-0.58%)
Prev Close
513.00
Open
512.00
Day's High
512.50
Day's Low
504.58
Volume
2,568,330
Avg. Vol
1,327,734
52-wk High
956.50
52-wk Low
492.20

Latest Key Developments (Source: Significant Developments)

IG Group Reports 12 Pct Lower Net Trading Revenue In Q3 Vs Q2
Thursday, 21 Mar 2019 03:00am EDT 

March 21 (Reuters) - IG Group Holdings PLC ::IG GROUP HLDGS PLC - THRID QUARTER REVENUE UPDATE.IG GROUP HOLDINGS PLC - NET TRADING REVENUE WAS £108.0M IN Q3 FY19, 12% LOWER THAN IN Q2 FY19.IG GROUP HOLDINGS PLC - TOTAL NUMBER OF OTC LEVERAGED ACTIVE CLIENTS IN Q3 INCREASED BY 1% TO 84,200.IG GROUP HOLDINGS PLC - YEAR TO DATE NET TRADING REVENUE OF £359.0M IS 15% LOWER THAN IN SAME PERIOD IN PRIOR YEAR.IG GROUP HOLDINGS PLC - LOWER REVENUE PER CLIENT REFLECTS REDUCING LEVELS OF VOLATILITY IN FINANCIAL MARKETS THROUGHOUT QUARTER.IG GROUP HOLDINGS PLC - LOWER YEAR TO DATE NET TRADING REVENUE REFLECTS IMPACT OF ESMA MEASURES.IG GROUP HOLDINGS PLC - CONTINUES TO EXPECT THAT ITS REVENUE IN FY19 WILL BE LOWER THAN IN FY18.IG GROUP - COST GUIDANCE FOR FY19 REMAINS UNCHANGED WITH TOTAL OPERATING COSTS EXPECTED TO BE AT A SIMILAR LEVEL TO £290 MILLION OPERATING COSTS IN FY18.IG GROUP HOLDINGS PLC - BOARD REITERATES THAT COMPANY EXPECTS TO MAINTAIN 43.2P PER SHARE ANNUAL DIVIDEND.  Full Article

IG Group HY Rev, Profit Fall; Sees Return To Growth After FY19
Tuesday, 22 Jan 2019 02:00am EST 

Jan 22 (Reuters) - IG Group Holdings PLC ::HY NET TRADING REVENUE £251.0 MILLION (H1 FY18: £268.4 MILLION) - DOWN 6%.HY OPERATING PROFIT £112.5 MILLION (H1 FY18: £136.5 MILLION) - DOWN 18%.HY PROFIT BEFORE TAXATION 113.0 MILLION POUNDS VERSUS 136.2 MILLION POUNDS.69% OF THE GROUP'S ESMA REGION REVENUE IN Q2 FY19 CAME FROM PROFESSIONAL CLIENTS.IN HY, 14,626 NEW OTC LEVERAGED CLIENTS (H1 FY18: 18,027).CONTINUES TO EXPECT THAT ITS REVENUE IN FY19 WILL BE LOWER THAN IN FY18, REFLECTING THE IMPACT OF THE ESMA MEASURES.CO EXPECTS TO MAINTAIN 43.2P PER SHARE ANNUAL DIVIDEND UNTIL THE GROUP'S EARNINGS ALLOW THE COMPANY TO RESUME PROGRESSIVE DIVIDENDS.COMPANY WILL, AS PREVIOUSLY GUIDED, RETURN TO GROWTH AFTER FY19.  Full Article

IG Group Says FCA Proposals Do Not Change Group Rev Expectations
Friday, 7 Dec 2018 04:10am EST 

Dec 7 (Reuters) - IG Group Holdings PLC ::IG GROUP HLDGS PLC - RESPONSE TO FCA CONSULTATION CP18/38.IG GROUP - CONTINUES TO BE SUPPORTIVE OF OBJECTIVE OF REGULATORS TO "IMPROVE CLIENT OUTCOMES" & WILL CONTINUE TO ENGAGE FULLY WITH REGULATORS.IG GROUP HOLDINGS PLC - FCA'S PROPOSALS HAVE BEEN ANTICIPATED BY CO, AND DO NOT CHANGE COMPANY'S EXPECTATIONS ON PERFORMANCE OR GROUP REVENUE.  Full Article

UK markets watchdog proposes permanent measures for CFDs, binary options
Friday, 7 Dec 2018 02:00am EST 

Dec 7 (Reuters) - CMC Markets PLC ::FCA PROPOSES PERMANENT MEASURES FOR RETAIL CFDS AND BINARY OPTIONS.UK'S FCA - PROPOSING RULES TO ADDRESS HARM TO RETAIL CONSUMERS FROM SALE OF COMPLEX DERIVATIVE PRODUCTS WITH PUBLICATION OF 2 CONSULTATION PAPERS.UK'S FCA SAYS RULES ON RETAIL CFDS AND BINARY OPTIONS BAN SALE, MARKETING AND DISTRIBUTION OF BINARY OPTIONS TO RETAIL CONSUMERS.  Full Article

IG Group Q1 Revenue Falls 5 Pct, Points To Lower Volatility
Thursday, 20 Sep 2018 02:00am EDT 

Sept 20 (Reuters) - IG Group Holdings PLC ::IG GROUP HOLDINGS PLC - REVENUE WAS £128.9M IN Q1 OF FY19, 5% LOWER THAN IN SAME PERIOD IN PRIOR YEAR.IG GROUP - HEIGHTENED LEVEL OF VOLATILITY IN FINANCIAL MARKETS AND CLIENT ACTIVITY EXPERIENCED IN FY18 HAVE NOT CONTINUED INTO FY19..IG GROUP - VOLUME OF TRADING BY RETAIL CLIENTS IN UK AND EU WAS SIGNIFICANTLY LOWER IN AUGUST VERSUS JULY AFTER ESMA MEASURES IMPLEMENTATION.IG GROUP - PERFORMANCE IN AUGUST HAS NOT CHANGED CO'S VIEW THAT IMPACT OF ESMA ON HISTORIC REVENUE WOULD HAVE BEEN REDUCTION OF ABOUT 10%.IG GROUP - CO'S GERMAN SUBSIDIARY HAS RECEIVED A LICENCE IN PRINCIPLE FROM BAFIN TO OFFER FINANCIAL SERVICES TO EU CLIENTS.IG GROUP - LICENCE TO GERMAN UNIT PROVIDES CERTAINTY THAT CO WILL BE ABLE TO OFFER REGULATED FINANCIAL PRODUCTS IN ALL EU STATES AFTER BREXIT.  Full Article

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