IG Group Holdings PLC (IGG.L)
16 Aug 2019
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.
* Mkt conditions in FY19 "much less favourable" than in FY18 (Adds CEO, CFO comments from the call)
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.
** IG Group Holdings Plc's shares up 9.6% at 520.6 pence, on track for best day since July 2017
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.
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.
* Shares hit 2-year low, CMC and Plus500 also down in early trade
March 21 Online financial trading group IG Group Holdings Plc reported a 29.4 percent slide in quarterly net trading revenue, as its UK and European units took a hit from stricter regulations that kept retail clients from using its platforms.