IG Group expects full year growth of 17 per cent
14th Jun 2012 08:25
Spread-betting firm IG Group has said it expects to report growth of more than 17 per cent in the full year ended May 31st. Excluding its discontinued sports business, trading revenue rose from £312.7m to £366.8m, while the profit before tax margin is expected to be 50%. Year-on-year (y/y) activ
Read moreIG Group non-exec tops up stake
30th Mar 2012 16:06
Stephen Hill, a Non-Executive Director of IG Group Holdings, the FTSE 250 spread-betting firm, has purchased 111,736 shares. Hill, who worked as the CEO of the Financial Times for Pearson between 1996 and 2002, bought the shares at 444.15p each for a total of £496,275. The purchase comes just a
Read moreIG distances itself from Worldspreads
19th Mar 2012 16:12
IG Group Holdings has said it notes that Worldspreads has appointed Joint Special Administrators following the identification of a material shortfall in client money and points out this it has no direct financial exposure to that company. Worldspreads had a UK market share of around 3%, compared t
Read moreWednesday broker round-up
14th Mar 2012 10:02
Antofagasta: Fox-Davies upgrades from sell to hold, target lifted from 1,121p to 1,197p. AZ Electronic Materials: Goldman Sachs upgrades from buy to conviction buy, target raised from 380p to 440p. Close Brothers: UBS raises target from 690p to 750p, neutral rating kept. Computacenter: UBS raises
Read moreLondon close: Stocks surge on improving global outlook
13th Mar 2012 16:48
- FTSE 100 at highest levels since last summer - Markets await FOMC, words from Bernanke - Draghi sees signs of 'stabilisation' The Footsie finished at an eight-month high on Tuesday, up a whole percentage point on the day, as financial stocks made gains on the back of an improving global economic
Read moreFTSE 250 movers: Inchcape jumps despite falling sales
13th Mar 2012 14:34
Car retailer and distributor Inchcape saw sales in 2011 hit by weak markets in the UK and Greece, but managed to raise its operating margin through tight cost control. Nomura said that the results were broadly in line with expectations. Shares jumped nine per cent. Meanwhile, house builders were pe
Read moreLondon open: Financials, miners lead the rise
13th Mar 2012 08:38
- Standard Life, Pru in demand after results - Antofagasta, G4S lead the fallers - BoJ maintains rates, ups asset purchases The Footsie rose strongly on Tuesday helped by some well-received full-year results from insurers and a decent performance by banking and mining stocks as risk appetite increa
Read moreLondon pre-open: US data hopes boost FTSE
13th Mar 2012 07:28
City sources predict the FTSE 100 will open up 31 points from yesterday's close of 5,893, taking its lead from a strong finish by the Dow Jones and ahead of a wealth of economic data due out in the US later today. Life assurance firm Standard Life delivered an increase in operating profits and ca
Read moreIG sees rise in active customers
13th Mar 2012 07:22
Spread betting pioneer IG Group saw a slight increase in revenue in the three months to the end of February, as an increase in the number of active clients more than offset a dip in average revenue per client. Revenue in the group's third quarter was around £75m, an increase of 1.5% from the £74m
Read moreIG experiences slowdown as volatility eases
13th Mar 2012 07:01
Spread-betting firm IG Group experienced a significant slowdown in sales growth during the third quarter, after the previous market volatility that had helped sales in the first half was alleviated. In the three months to February 29th, revenue increased by just 1.5% year-on-year to £75m. In the fi
Read moreTuesday tips round-up: CSR, E2V, IG
21st Feb 2012 06:52
Computer chip maker CSR gets the eye from Tempus in the Times following an update yesterday revealing stronger than expected revenues. The company took a battering in 2011 due to the acquisition of Zoran, which makes chips for imaging and video chips. Markets were sceptical after Zoran released a
Read moreIG Group Chairman offloads shares
18th Jan 2012 16:00
The Non-Executive Chairman of spread-betting firm IG Group Holdings has sold off around £0.6m-worth of shares in the company, one day after the firm unveiled a continuing strong performance during the first half. Jonathan Davie sold 130,000 shares at 489.00p each for a total of £635,700. He now
Read moreIG continues to profit from market volatility
17th Jan 2012 07:54
The strong performance at spread-betting firm IG Group has continued, with both profits and revenues rising by 28% in the first half. IG, which has benefited from the market volatility over the last year, said that net trading revenue increased from £153.0m to £195.6m in the six months ended Novemb
Read moreWednesday broker round-up - UPDATE
14th Dec 2011 10:09
Tesco: ING downgrades to sell from buy. Marks&Spencer: ING downgrades to sell from hold. Morrison: ING upgrades from hold to buy. Rio Tinto: Credit Suisse reiterates outperform recommendation and 5,000p target. London Stock Exchange: Credit Suisse upgrades from underperform to neutral, 850p tar
Read moreWednesday tips Round-up: Imagination and IG
14th Dec 2011 06:56
The Times's Tempus column takes a look at Imagination Technology, the company which makes graphics and display components for smart-phones and similar high-end devices. As Tempus explains, the business model relies on licence fees from chip-makers who adopt Imagination's technology, then a further
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