IG Group's first quarter helped by record August
13th Sep 2011 07:07
IG Group has backed up its bullish trading update last month by confirming that revenues jumped 26% in the first quarter ended 31 August, a like-for-like increase of 30%. The FTSE 250 spread-betting firm said on 22 August that it expected revenues in the three month period to exceed £94m, from £79m
Read moreThursday tips round-up: Supergroup, Prezzo, IQE
8th Sep 2011 06:32
Fashion group Supergroup sells at 17 times this year's earnings. Lifestyle brands such as SuperGroup have done well over the recession and future growth looks assured, but the churl in me finds it hard to see immediate progress for a retailer on this sort of multiple in this market, says Martin Wall
Read moreBroker tips: Tullow Oil, IG Group, Hikma
26th Aug 2011 12:48
UBS says that Tullow Oil is in a comfortable financial position, and with catalysts "plentiful" in September, the broker keeps its buy rating on the Africa-focused oil giant. "With the expectation of receiving $2.9bn cash for the sale of its Ugandan assets, coupled with growing cashflows from Jubil
Read moreBroker snap: Singer makes upgrades at IG
26th Aug 2011 12:35
Following IG Group's record client activity reported in its recent trading update (22 August), Singer Capital Markets has upped its earnings per share (EPS) forecasts and reiterated its buy recommendation for the spread-betting firm. Despite it being holiday season in the majority of the group's ma
Read moreLondon close: Higher finish for FTSE 100
22nd Aug 2011 16:35
The FTSE 100 quickly snapped out of its poor start to finish with gains, though these were somewhat off earlier highs following the start of trading on Wall Street. Gold producers such as Randgold Resources and Petropavlovsk were driven higher by rising prices for the precious metal. Oilfield serv
Read moreFTSE 250 Movers: IG does well out of the economic turmoil
22nd Aug 2011 12:16
While creating a headache for most, the recent volatility in stock markets has helped spread-betting firm IG Group achieve record levels of client activity in its first quarter, giving a generous boost to its share price. Despite it being holiday season in the majority of the group's markets, IG e
Read moreLondon midday: Stocks post big gains as miners advance
22nd Aug 2011 12:11
Despite a faltering start, the FTSE 100 is now posting near triple-digit gains with resource stocks in particular posting big gains. A surging gold price, which stands just below the $1,900 level drives FTSE 100 miner Randgold Resources to the top of the pile. Oilfield services group Petrofac was
Read moreLondon open: Randgold leads risers as Footsie gains 0.6%
22nd Aug 2011 08:31
After slipping into the red in the opening minutes, the blue chip index quickly swung into the blue, recovering after the steep sell-off seen late last week. A surging gold price, which stands just below the $1,900 level drove FTSE 100 miner Randgold Resources to the top of the pile. Oilfield serv
Read moreIG boosted by recent volatility
22nd Aug 2011 08:05
While creating a headache for most, the recent volatility in stock markets has helped spread-betting firm IG Group achieve record levels of client activity in its first quarter. Despite it being holiday season in the majority of the group's markets, IG expects revenues to exceed £94m in the three m
Read moreBroker tips: IG Group, Playtech, Yell Group...
20th Jul 2011 12:40
Credit Suisse keeps its outperform rating on spread-betting firm IG Group (IGG), but slightly cuts the target price after factoring in lower growth estimates. The company said it generated £320m of revenue and £163m in pre-tax profit in the year ended 30 May, after accounting for a charge of £2.5m
Read moreBroker snap: Credit Suisse cuts target for IG
20th Jul 2011 12:01
Credit Suisse keeps its outperform rating on spread-betting firm IG Group (IGG), but slightly cuts the target price after factoring in lower growth estimates. The company said it generated £320m of revenue and £163m in pre-tax profit in the year ended 30 May, after accounting for a charge of £2.5m
Read moreLondon close: Banks recover as Footsie gains 0.65%
19th Jul 2011 16:29
The banking sector was winning back investor confidence on Tuesday as shares sharply rebounded, lifting the top share index close to the 5,800 level. Lloyds, RBS and Barclays were in demand, following the sector sell-off yesterday on the back of concerns over the softness of last week's European ba
Read moreFTSE 250 movers: IG Group advances on results
19th Jul 2011 15:17
Exhibitions and conferences firm ITE Group benefited from the first time contributions from new events and a softer comparator last year to boost revenues by nearly 43% in the third quarter. However, shares of the media-related company fell the most on the FTSE 250 index. Not far behind was The Ran
Read moreLondon midday: IG up, ITE down
19th Jul 2011 12:11
Stocks remain modestly higher but traders have made up their minds about some of this morning's updates, sending stocks in both directions. Investors are taking a punt on IG Group after full year results came in ahead of expectations, with the spread-betting company continuing to bag new clients in
Read moreLondon open: Stocks stage partial recovery
19th Jul 2011 08:30
Stocks are edging higher after a tough day yesterday when concerns over European and US sovereign debt sent traders rushing for the exits. Sales and profits at Johnson Matthey, a top riser in the FTSE 100 today, both registered double-digit percentage gains in the first quarter of the platinum refi
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