Company
IG Group Holdings Plc
LON:IGG
IG Group Holdings plc is a United Kingdom-based company, which is principally engaged in running a spread betting market, trading as principal and market maker for foreign exchange, and contracts for difference and acting as a fixed odds bookmaker. During the fiscal year ended May 31, 2008, the Company began trading on a regulated futures and options exchange. The Company hedges unmatched bets and trades, as considered appropriate, to ensure that it is not unacceptably exposed to material losses. The Company principally operates in the United Kingdom, Europe and Asia Pacific. Its direct wholly owned subsidiaries include IG Finance, which is engaged in financing, and IG Group Limited, which is a holding company. On December 6, 2007, the Company acquired HedgeStreet Inc.
172 stories · page 1 of 2
Investments and investor services
IG Group says it is 'well positioned' after reporting 11% increase in revenue
Exchange-traded derivatives experienced the highest growth
Investments and investor services
SEC rule changes might spell death knell for meme stock frenzy
GameStop shares are down 63% from their record closing high
Investments and investor services
IG Group shares fall on failure to repeat meme-stock craze
Emerging market and derivate trading growth helped offset muted core market improvement and a huge stock trading revenue drop
Investments and investor services
IG Group revenue leaps 16% but client growth slows
The group acquired 53,600 new clients in the first half, which was lower than the year-ago period of 60,800
Investments and investor services
Diageo, Dr Martens and IG Group the ingredients in today's mixer
Diageo is expected to be in good spirits with venues re-opening around the world
Investments and investor services
IG Group to sell Nadex and Small Exchange to Foris DAX for US$216mln
The deal delivers "a significant return" on the online trading provider's investments, said IG Group CEO June Felix
Investments and investor services
Barclays positive on IG heading into 2022
The acquisition of tasytrade earlier this year may prove vital in its success over the next 12 months
Investments and investor services
IG Group is a tasty morsel, according to Barclays
IG shares have fallen 7% since the tastytrade acquisition was announced while over the same period the FTSE 250 has risen 8%
Investments and investor services
IG Group says active client base is at record levels and much higher than a year ago
The number of active clients is up 60% year-on-year at 282,900
IG Group blocks trading of small-cap shares amid GameStop ripple effect
The stockbroker has reportedly withdrawn trading of over 1,000 stocks on its platform, including famous names such as Superdry and insurer Hiscox
Investments and investor services
IG restricts trading of GameStop and AMC shares
The online CFD broker said it was restricting trading in certain stocks “due to extreme volatility and to prioritise the service we give our existing clients”
Investments and investor services
IG caps record half-year with $1bn purchase of US-based Tastytrade
Tastytrade has 105,000 active accounts trading options, futures and equities, plus a highly popular video streaming channel
Investments and investor services
IG Group boasts of another strong quarter
Active client numbers rose to 207,000 in the three months to end-November, 2020, up from 201,500 in the previous quarter
Archive
US stocks close higher as Pfizer rolls out coronavirus vaccine in UK
More than 14.8 million cases have been confirmed in the US
Investments and investor services
Should you believe in the Santa Surge?
Never mind "sell in May and go away" of the "January effect", is the "Santa Rally" real or just a concoction to keep investors deluded?
Investments and investor services
IG Group whitepaper reveals pharma and tech sectors to continue growth trend post-COVID-19
The report provides a comprehensive look at the coronavirus crisis compared to the global financial crisis of 2008.
Investments and investor services
IG Group keeps growing revenue and customers
There were 201,500 active clients in the period, up 50% on the prior year
Investments and investor services
What effect is coronavirus having on the global economy?
In the first of a series of occasional articles from our friends at IG, senior writer Will Hall-Smith takes a deep dive into the potential economic impact of the lockdown
Investments and investor services
IG Group downgraded by Shore Capital even though supernormal trading conditions linger
The analysts expect market volatility and client trading activity to normalise over the course of the year
Investments and investor services
Robinhood and other spread-betters could be onto a winner as survey shows young people most willing to invest
An Opinium survey from April showed that 18-34-year-olds were more prepared to consider almost every type of investment compared to their older counterparts
Investments and investor services
IG Group hails exceptional fourth quarter as coronavirus volatility sends trading activity rocketing
Significant Opportunities revenue nearly doubled to £108.4mln over the year
Investments and investor services
Robinhood’s UK launch could be delayed further amid fallout over customer suicide
The stock trading app was originally planned to launch in the UK in early 2020, however, the plans were derailed after stock market volatility caused by the coronavirus led to frequent trading outages amid surging customer demand
Investments and investor services
IG Group enjoys bumper quarter as coronavirus lifts market volatility
Net trading revenue was roughly £259mln in the three months to 31 May
IG Group appoints new chief financial officer
Charlie Rozes has held executive roles at Jardine Lloyd Thompson, Barclays, IBM and Bank of America
Investments and investor services
IG Group sales, costs and bonuses rise as coronavirus fires financial market volatility
Sales in the first five weeks of the final quarter were around £173mln compared to just under £140mln in the third
Investments and investor services
IG Group knocked to ‘hold’ as Liberum predicts only “slight earnings growth” for next two years
The broker also said they did not think analysts had yet taken into account the potential impact of new regulations in the spread-better's Australian market
Investments and investor services
IG Group on track to resume revenue growth; chief bean counter to retire
"I believe that IG is in an excellent position to exploit our scale, skills and technological capability, to pivot into new product lines," said the CEO, June Felix
Investments and investor services
IG Group appoints Openreach boss as new chairman
McTighe is currently chairman of BT's Openreach, lender Together Financial Services and distributor of branded building products Arran Isle
Investments and investor services
IG Group trading revenue decrease in second quarter
Revenue was down to £120.9mln in the second quarter after reporting £129mln in the first.
IG Group cashes in on favourable market in August, chairman departs
The spread-betting firm reported revenue growth in its first-quarter despite concerns new regulations on CFD trading would dent its performance like last year
Investments and investor services
CMC Markets shares jump as it raises profit guidance as Australia proposes regulatory clampdown
CMC noted that Australia has proposed tightened rules on the sector but it was “well prepared to respond quickly and manage any regulatory changes as required”.
Investments and investor services
IG Group warns Australia will be the next to introduce leverage limits
Regulators around the world have been cracking down on the spreadbetting industry in a bid to prevent the average punter from losing lots of money
Investments and investor services
FTSE 100 closes higher as Boris Johnson gets keys to Number 10
London's index of leading shares spent the day in positive territory but gave back gains towards the close
Archive
Regulatory clamp-down set to dent revenues at trading platform IG
A couple of other big names, including SEGRO, PZ Cussons and Paragon, are also set to release results on Tuesday
Archive
ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
The price of Bitcoin isn’t just down to technical analysis
Bitcoin is often viewed as being beholden to the trends of the market, however there is the possibility that its price could have more grounding than initially thought
Crypto clampdown will 'have limited impact' on IG, CMC and Plus500
The City watchdog this week launched a consultation on potentially preventing the sale to UK retail customers of derivatives products referencing any sort of ‘cryptoassets’
Investments and investor services
Analysts more upbeat on IG Group after trading update
Liberum upgraded its recommendation for the online broker to 'buy' from 'hold'
Investments and investor services
IG Group makes long-term dividend commitment as trading activity picks up
“Assuming these targets are achieved, the Group's revenue in FY22 will be around 30% higher than in FY19.“
Investments and investor services
Why UK investors shouldn’t worry if they own shares in overseas cannabis companies
IG is reportedly set to pull shares in US and Canadian cannabis stocks from its platform amid legal concerns, but its rivals, including Hargreaves Lansdown and Interactive Investor, won’t be following suit
Investments and investor services
IG Group says chairman Andy Green planning to step down at its annual general meeting in September
On 30 October last year, the FTSE 250-listed financial trading firm appointed June Felix as its new CEO with immediate effect
Investments and investor services
Stricter regulations dent IG Group’s trading revenues once again
Third-quarter revenues were also dented by the absence of last year’s crypto rush this time around
Archive
FTSE 100 closes higher at traders focus on Federal Reserve's dovish tone
The FTSE 250 though, seen as a better indicator of the state of UK companies, closed down around 41 points at 19,347.
Archive
Clothes retailers Next and Ted Baker in the spotlight on Thursday
Not much excitement is expected from the Bank of England, so investor attention will instead be on two of the UK’s troubled clothes retailers: Ted Baker and Next
Archive
Retail results to vie with 'Meaningful' Brexit vote, UK, US rate decisions, and key data
DIY stores owner Kingfisher, clothing retailer Next, plus troubled fashion firm Ted Baker will report full-year results, with trading updates due from internet grocer Ocado and online fashion group ASOS
Investments and investor services
IG Group sees red as regulation squeezes revenues
The 6% fall in revenues had been forecast in a trading update issued by the trading platform operator in December
Archive
FTSE 100 finishes in red as China growth worries hit global equities
Top laggard on Footsie was oil services giant Wood Group, which shed 4.09% to 524.80p
Archive
Eyes on Dixons Carphone guidance as it delivers trading update on Tuesday
Dixons Carphone and Cairn Energy will be among Tuesday's highlights.
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Archive
Trading platforms CMC Markets and IG Group best-placed to weather recent rule changes
Both CMC and IG are focused on winning business from high-value professional clients who aren’t the target of the latest clampdown
Investments and investor services
IG Group expects lower first-half revenue after regulatory clampdown
IG also announced that its German subsidiary had received a licence from the country’s regulator that will allow it to offer financial products across the EU after Brexit.
Archive
FTSE 100 closes firmly lower as investors realise US/China trade dispute continues
The UK index of leading shares finished down over 39 points lower at 7,022.
Archive
Ferguson and Greencore among highlights in Tuesday’s diary
The US economic outlook, the order book and restructuring will all be among the key points as Ferguson updates investors.
Archive
Fashion firms and a housebuilder, plus US jobs data to provide interest in the first week of Advent
Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
Investments and investor services
IG Group appoints June Felix to become its first ever female CEO
June Felix's appointment follows the departure of veteran Peter Hetherington last month
Archive
Lots of problems abound.....
Investments and investor services
IG Group's veteran CEO steps down as regulatory pressures bite, shares slide
IG has struggled with tighter regulations in recent months and reported a 5% drop in first-quarter revenue last week
FTSE 100 closes in positive territory as US dollar builds on gains
The pound is off 0.52% against the greenback at the time of writing..
Investments and investor services
Numis analysts reckon IG is worth a punt after recent share price fall
IG beat Numis forecasts with last week’s first-quarter results, but the stock has slipped 10% in the days since, taking it down into ‘good value’ territory
Investments and investor services
IG Group quarterly revenues dip on lower volatility in financial markets
A regulatory clamp down on the sale of so-called contracts for difference led to significantly lower trading volumes by clients in the UK and the EU in August
Investments and investor services
IG Group downgraded to ‘Sell’ by Shore Capital amid worries of additional regulatory scrutiny
The broker's analysts raised concerns that mitigating actions by IG's clients to avoid new regulations could have the opposite effect
IG Group says crypto interest waning as it cautions over customer protection changes
Cryptocurrency trading accounted for 7% of total revenues, but IG said interest tailed off sharply toward the end of the year
FTSE 100 closes firmly higher with miners taking the top spots
The global financial body added that several countries, including the US and UK, had excessive current account deficits and borrowed too much
Archive
Investors looking for some thirst quenchers from Britvic, Fevertree, and Fuller's
Aside from the soft drinks firms and brewer, the day ahead on Tuesday includes updates from blue-chip real estate firm Hammerson and student acommodation group Unite