IG 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
Read moreIG revenues slow as clients calm down over euro debt - UPDATE
13th Dec 2011 10:58
IG Group, the spread betting firm, has seen revenue growth slow in its second quarter as the appeal to clients of increased volatility in the Eurozone appears to have diminished slightly. Total revenues for the six months to the end of November are expected to be £195.6m, up over 25% on the equival
Read moreTuesday broker round-up - UPDATE
13th Dec 2011 09:54
Amec: Citi upgrades to buy from sell. Royal Dutch Shell: Citi downgrades to neutral from buy. Petrofac: Investec reiterates buy, 1,705p target under review. Petrofac: Evolution Securities reiterates add and 1,700p target. Whitbread: Evolution Securities keeps buy rating and 1,800p target. Whitb
Read moreWednesday tips round-up: Construction, ITE, IG Group ...
30th Nov 2011 07:34
Much has changed since the Independent's Investment Column looked at spread betting firm IG Group. For one thing, the economic outlook has turned darker, making IG's chunky prospective dividend yield of 5% (and higher on some estimates) look that much more attractive, the Indy reckons. The income, a
Read moreLondon close: Footsie nudges higher, Ecofin meeting eyed
29th Nov 2011 16:37
The FTSE 100 nudged higher in afternoon trading after swinging between gains and losses all day, as some better-than-expected US economic data boosted equities stateside. Lifting sentiment late on was the Conference Board's consumer confidence index which rose from a revised 40.9 in October to 56 t
Read moreFTSE 250 Movers: Premier Foods tops the charts
29th Nov 2011 15:52
After its recent dramatic falls in its share price, Premier Foods continued to build on the 28% gains it has made over the past month. Spread betting pioneer IG Group was also on the up after it saw a high level of client activity in the second quarter of its financial year, continuing the trend s
Read moreBroker tips: IG Group, Mothercare, Business service stocks
29th Nov 2011 12:58
Prime Markets recommends buying shares in IG Group, saying that the European sovereign debt crisis creates "ideal conditions" for the spread-betting firm. The group said this morning that it has continued to see high levels of client activity during its second quarter and first half revenues will b
Read moreLondon midday: Modest gains ahead of Osborne speech
29th Nov 2011 12:01
With US stock futures pointing to a positive start on Wall Street, London's FTSE 100 index reversed its earlier losses to trade modestly in the blue by midday on Tuesday. All eyes have turned to the Chancellor of the Exchequer, ALL EYES ON GEORGE George Osborne is to make his Autumn statement at
Read moreBroker snap: Debt crisis 'ideal' for IG, says Prime Markets
29th Nov 2011 11:45
Prime Markets recommends buying shares in IG Group, saying that the European sovereign debt crisis creates "ideal conditions" for the spread-betting firm. The group said this morning that it has continued to see high levels of client activity during its second quarter and first half revenues will b
Read moreTuesday broker round-up - UPDATE
29th Nov 2011 09:15
Senior: Credit Suisse keeps at neutral, raises target to 175p from 165p. Icap: Credit Suisse keeps at outperform, lowers target to 420p from 510p. G4S: HSBC upgrades to overweight from neutral. Rio Tinto: UBS cuts target from 6,000p to 5,650p, buy rating kept [28 November]. BP: Nomura keeps neut
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