London Capital Group says unaware of reason for share price jump

27th May 2016 12:15

(ShareCast News) - London Capital Group noted the jump in its share price on Friday, saying it was not aware of any reason for the movement."As referred to in the company's results announced on 29 April 2015, the group will be seeking to increase its level of regulatory capital in the short term in order to take proper advantage of its new platform and to support the future growth of the business."In a pre-close trading update back in January, the company said that following the extensive restructuring and investment programme it had undertaken over the last 18 months, it was well positioned for future growth in line with its strategy."Against this background, the board is also looking at increasing the company's regulatory capital in order to support this growth," LCG said at the time.The company, which provides online trading services, reiterated this in the final results in April. At 1215 BST, shares were up 33% to 6.82p.