IG Group appoints new Deputy Chairman
9th Jun 2014 20:15
IG Group Holdings on Monday revealed that the role of Deputy Chairman would be filled by Andy Green, who will join the board with immediate effect before succeeding Jonathan Davie on October 16th. Green is currently a non-executive director of ARM Holdings and was previously the Chief Executive of
Read moreIG Group predicts annual revenue to be below expectations
22nd May 2014 10:53
IG Group has warned that trading has been subdued in the final quarter and predicts full-year revenue to be slightly below expectations. However, the online trading company reassured investors that profit, earnings and cash generation remain on track, as operating costs continue to run slightly bel
Read moreWednesday tips round-up: Asos, IG Group
19th Mar 2014 07:09
At 100 times' earnings the valuation of Asos' shares requires perfect execution, not slowing sales growth and higher than expected costs. Yet that is exactly what investors are getting at the moment. Its investments in distribution capacity and new IT systems are now expected to cost 68m pounds, and
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreIG Group delivers nine per cent revenue increase
18th Mar 2014 08:15
- Q3 revenue increases nine per cent - Supportive market conditions, strong December - Expects to meet full-year revenue targets Spread-betting and CFDs provider IG Group said third quarter revenue rose nine per cent from the same time a year earlier after what it described as an unseasonably stro
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreLondon midday: Stocks slip on rate speculation as UK unemployment declines
22nd Jan 2014 11:30
- Markets pull back sharply after UK data - Fall in unemployment sparks rate speculation - Sage rises after confident update - RBS hit by UBS downgrade to 'sell' techMARK 2,852.20 +0.20% FTSE 100 6,825.74 -0.12% FTSE 250 16,130.75 -0.08% UK markets had erased gains by Wednesday lunchtime as concer
Read moreLondon open: Stocks gain ahead of UK data
22nd Jan 2014 08:48
- Markets at highest level since May 2013 - UK jobless data, MPC minutes in focus - Miners provide a lift but BHP subdued techMARK 2,859.42 +0.46% FTSE 100 6,856.45 +0.32% FTSE 250 16,203.07 +0.36% UK markets opened with moderate gains on Wednesday morning as the FTSE 100 continues to trade at its
Read moreWednesday tips round-up: ASOS, IG Group, Ashmore
15th Jan 2014 07:57
Online fashion retailer ASOS on Tuesday again managed to beat market forecasts for Christmas sales. However, there were signs in the latest full-year results that the company is working harder to deliver its impressive growth. For example, it seems to be outgrowing its logistical base and marketin
Read moreIG Group's first half profits rose on growth in UK and Europe
14th Jan 2014 09:15
- Pre-tax profit up 17 per cent - Revenue boosted by growth in UK and Europe - Dividend in line with prior year IG Group Holdings posted a 17 per cent rise in pre-tax profit of 95.1m pounds in the first half, driven by an increase in revenue and the impact of one-off operating costs in the prior ye
Read moreIG Group says second-quarter revenues ahead of prior year
19th Nov 2013 08:02
Spread-betting provider IG Group said second-quarter trading had been "satisfactory" despite more subdued markets. In a short pre-close statement, the FTSE 250 group said in spite of the more languorous financial markets compared to the first quarter, revenue was slightly ahead of the prior year f
Read moreSports Direct's Ashley sells 16m shares, YouGov founder trades in 3.35m
24th Oct 2013 16:03
Sports Direct's founder Mike Ashley has sold 16m shares in the retailer, representing a 2.7 per cent holding and netting the billionaire owner of Newcastle United 106m pounds. An announcement to the stock exchange revealed Ashley had sold the shares at a price of 662.5p, marking a 7.5% discount to
Read moreHiscox and Restaurant Group CEOs sell up
27th Sep 2013 16:11
Chief Executive at Hiscox, Bronek Masojada, has sold 10,000 shares at 650.50p a piece in the insurance provider. The sale generated £65,050 for Masojada, who joined the company in 1993. For the first half of the year the group posted a pre-tax profit of £180.7m (2012: £125.8m), helped by low ex
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreLondon midday: Markets rangebound ahead of Fed decision
18th Sep 2013 11:32
Markets were rangebound on Wednesday morning as investors showed nervousness ahead of the all-important Federal Reserve policy decision later this evening. UK stocks were registering moderating gains by midday but just 19 points separated the FTSE 100's intraday low (6,568) and high (6,587) as trad
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