IG 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
Read moreLondon open: Stocks flat as investors turn cautious ahead of Fed
18th Sep 2013 08:16
Markets opened broadly flat on Wednesday morning as investors refrained from building positions ahead of the conclusion of this month's all-important Federal Reserve policy meeting. However, with an announcement from the US central bank not due out until after markets close this evening, there will
Read moreWednesday share tips: IG Group, Galliford Try
18th Sep 2013 07:27
Analysts get paid to make forecasts, but it seems a bit of a stretch to put too much weight behind revenue forecasts from some of them which extend out to May 2016. These ultimately depend on where markets will be by then. Hence, it would seem fair to say that IG Group has absolutely no forward visi
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreIG Group reports 'solid start' to year
17th Sep 2013 08:16
IG Group, the financial derivatives trader, said the first quarter delivered a 'solid start' to the year, but warned it should be considered in light of a weak comparative quarter and the particularly strong second half of the prior year. The quarter, which covered the three months ended August 3
Read moreIG Group CEO sells 5.1m-pound stake
25th Jul 2013 15:57
Tim Howkins, the Chief Executive Officer of spread-betting firm IG Group, sold over five million pounds-worth of shares in the company this week, just one day after the firm unveiled record annual profits. Howkins, who joined IG as Finance Director back in 1999, disposed of a total of 903,103 share
Read moreWednesday tips round-up: IG Group, Apple, Hargreaves Services
24th Jul 2013 06:46
Spread-betting company IG Group had a subdued first half but things have improved significantly as worries over withdrawal of quantitative easing in the US and a collapse in the price of gold encouraged trading on the group's platform, The Telegraph's Questor column pointed out. Revenues finished t
Read moreIG Group warns of higher costs this year
23rd Jul 2013 15:53
Shares in spread-betting and CFDs provider IG Group were under pressure on Tuesday despite the firm reporting record annual profits, as the company warned of higher costs during the current financial year. IG labelled the results for the year ended May 31st as "satisfactory" with revenue down 1.4%
Read moreWednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreIG Group full revenue to slip one per cent
11th Jun 2013 08:35
Interdealer broker IG Group said fourth quarter revenue is expected to be eight per cent ahead of the prior year while revenue for the full year is expected to decline one per cent. The group said trading revenue of £104.3m is expected for the final quarter of the year compared to £96.2m, bringing
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