MARKET TALK: IG Group Results In Line; Client Activity Strong

20th Jul 2010 07:36

0636 GMT [Dow Jones] IG Group's (IGG.LN) preliminary results for the year ended May 31 '10 are in line with the interim management statement back in June, says a trader. Says this suggests that client activity is still strong. Says the company seems to have addressed its bad debt issues, which affected its '08 numbers. Lower volatility during the financial year also helps here. Notes that the stock has had a good run of late. Suspects that it could start positively but then pull back. Shares closed on Monday at 467p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 20, 2010 02:36 ET (06:36 GMT)