Broker 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
Read moreIG Group posts higher profit
19th Jul 2011 07:35
IG Group's full year results have come in a shade ahead of expectations, with the spread-betting company continuing to bag new clients in spite of tough economic conditions. In the year to 30 May, adjusted pre-tax profits came in £163m, up by 3.4% from the previous year, ahead of IG's previous pred
Read moreTuesday Preview: IG Group, Land Securities
18th Jul 2011 15:07
Investors will be keen to see if spread-better IG Group's prediction that full year profits up by 3% from the previous year comes true. However, predictions for the future could be more interesting. Collins Stewart thinks the company will reduce its forecasts for the next two financial years due to
Read moreFriday tips round-up: IG Group, Pan African Resources, JD Sports...
10th Jun 2011 06:41
IG Group announced a management rejig and the closure of its sport-betting business yesterday along with its end-of-year trading statement. The moves signal a welcome decision to concentrate on the spread-betting company's core financial business and to expand it in new markets and make use of new t
Read moreLondon close: FTSE 100 rallies despite retail gloom
9th Jun 2011 16:31
Shares rallied in the afternoon after a good start on Wall Street where stocks won back some recent losses. Engineer Weir Group was the highest riser after its earnings estimates were lifted by RBC Capital Markets. There have also been reports today that two companies in China have been given fine
Read moreLondon midday: FTSE 100 unchanged despite retail slump
9th Jun 2011 12:14
Retailers are heavily under the cosh today after a raft of gloomy updates, but the top share index is little changed as investors await US jobs data due later in the afternoon. Ongoing difficulties at the catalogue-based retailer Argos continue to plague its owner Home Retail Group, which has annou
Read moreLondon open: Retailers slide as sales decline
9th Jun 2011 08:21
Retailers are posting hefty losses after a raft of updates but a rally in mining stocks is helping to cushion the blow. In the FTSE 100, Marks & Spencer and B&Q owner Kingfisher are among the heaviest fallers, while South American copper miner Antofagasta rallies after declining on the back of the
Read moreLondon pre-open: Stocks to slip after retail updates
9th Jun 2011 07:44
Stocks are expected to fall back slightly as investors digest a raft of cautious-to-gloomy updates from the retail sector. Continuing difficulties at the catalogue-based retailer Argos continue to plague its owner Home Retail Group, which has announced an 8.1% fall in sales at the chain to £817m in
Read moreIG's full-year revenues grow 7%
9th Jun 2011 07:24
Spreadbetting firm IG Group expects trading revenue for the year ended 31 May to be 7% ahead of last year, as strong growth in Europe and Singapore offset a weakening performance in Japan. Revenue should come in at £320m, the group said, compared with £298.6m the year before, helped by a record mon
Read moreIG enjoying the surge in market volatility
10th Mar 2011 08:13
A growth in client numbers at spread betting titan IG Group pushed third quarter revenues higher. Group revenue in the three months to end-February rose to around £76m from £69m in the corresponding period a year earlier, despite the group seeing only a fractional increase in revenue per client.
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