IG dismisses €25m Echelon claim
23rd Nov 2010 07:31
A group of investors who lost money when broker Echelon Wealth Management went bust two years ago have made a claim against spreadbetting firm IG Group for more than €25m. Glasgow-based contracts for difference (CFD) broker Echelon, a former client of IG Markets, went into liquidation in October 20
Read moreAsia Pacific boss cashes in at IG
16th Sep 2010 16:39
IG Group's Asia Pacific boss' stake in the spread betting firm has more than halved following his wife's share disposal raising £2.32m. Tokyo-based Andrew MacKay's wife Emily sold 456,225 shares at 507.6p each. This follows the disposal of 1m shares in January at 371.9p a share. The disposals have
Read moreSunday tips round-up: Genus, IG Group, Titan Europe...
12th Sep 2010 10:48
Genus provides animals which have better genes compared with current livestock in terms of yield, health and hardiness. It produces the sperm (in the case of bulls) or animals (in the case of pigs) that provides these traits. Animals with better genes produce more meat, live longer and are cheaper
Read moreLondon close: Banks behind fresh surge
9th Sep 2010 16:38
Investors were back in love with banks Thursday which, coupled with a big session for the miners, pushed the leading index to a new four-month high. The FTSE 100 finished not far off its best levels above 5,500. It was the first tim eit had traded above the big figure since May 4. British lenders
Read moreLondon afternoon: ARM gives Footsie a hand
9th Sep 2010 14:44
Mining stocks continue to drive the market's advance, despite metal prices falling back as concerns grow about the Chinese authorities' determination to cool off the economy, with the latest report from the People's Republic suggesting that the government is set to introduce measures to curb propert
Read moreLondon midday: No change from BoE
9th Sep 2010 12:22
Footsie has fully recovered from a weak start and now boasts healthy gains driven by the banks and miners. As expected, the Bank of England kept interest rates on hold at 0.5% and the quantitative easing programme intact. The minutes, detailing who voted for a rate rise, will be more telling. Mine
Read moreLondon open: Footsie falls as retailers suffer
9th Sep 2010 08:27
Shares are slightly lower in early dealings after updates from the retail sector were given a frosty reception. Supermarket Morrisons falls back even though it posted profits broadly in line with expectations for the six months to August 1. It also unveiled a move into the convenience store market
Read moreIG Group cautious despite higher revenues
9th Sep 2010 08:07
Spread-betting firm IG Group saw higher revenues in the three months to August 31, but said that volumes were subdued in the second half of that period and warned that future trends remain difficult to predict. Revenues were up to £79m from £68m in the same period the previous year. IG said that vo
Read moreThursday preview: Morrisons, Redrow, BoE rate decision
8th Sep 2010 17:40
Supermarket chain Wm. Morrison releases interim figures on Thursday, the first results to be released since Dalton Philips first sat down in the chief executive's chair back in late March. "Philips is expected to present his initial thoughts on the business, rather than a full-blown strategic revie
Read moreFTSE 250 movers: Confident Colt leads the way
22nd Jul 2010 13:21
Colt Group has shot ahead after the business communications specialist said it is seeing caution give way to increased confidence for the second half of 2010. Pub group Mitchells & Butlers after sales growth slowed during the football World Cup as viewers opted to watch the matches at home or in mo
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 16:03
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1503 GMT [Dow Jones] Cannacord raises its target price for IG Group (IGG.LN) to 520p from 485p, and keeps a buy rating "to
Read moreMARKET TALK: Canaccord Lifts IG Group Target Price To 520P
21st Jul 2010 16:03
1503 GMT [Dow Jones] Cannacord raises its target price for IG Group (IGG.LN) to 520p from 485p, and keeps a buy rating "to reflect slightly faster revenue growth assumptions," which it pegs at 12% to 13% a year over the next few years. IG Group stock is up 10% at 488p, also helped by an earlier targ
Read moreFTSE 250 movers: SSL surges on Reckitt bid
21st Jul 2010 14:48
Shares in SSL, the maker of Durex condoms and Scholl foot care products, soared after a bid from Reckitt Benckiser, the maker of household products such as the cleaning agent Cillit Bang and Nurofen painkillers. Reckitt will pay SSL shareholders 1,163p per share with a final dividend taking the tot
Read moreMARKET TALK: BofA Merrill Lynch Raises IG Group Price Target
21st Jul 2010 10:46
0946 GMT [Dow Jones] Bank of America Merrill Lynch raises IG Group (IGG.LN) price target to 500p from 480p following an encouraging start to FY'11 and slightly more favorable forex effects than previously estimated. BofA Merrill notes current trading remains strong and reckons the company is well po
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 10:46
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0946 GMT [Dow Jones] Bank of America Merrill Lynch raises IG Group (IGG.LN) price target to 500p from 480p following an en
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