FTSE 250 movers: JD Sports slips on Channel 4's Rochdale allegations
14th Dec 2016 16:35
(ShareCast News) - The FTSE 250 index was modestly lower on Wednesday afternoon, led lower by a group of retail and leisure stocks. Rising retail star JD Sports was the biggest faller on Wednesday after a Channel 4 undercover investigation claimed to have found conditions in its Rochdale warehouse w
Read moreSunday newspaper round-up: Brexit challenge, US rate hike, Sky revolt, RBS
11th Dec 2016 17:28
(ShareCast News) - Another legal spanner has been thrown into the works of the government's Brexit plans, with a High Court challenge to attempt to prevent the UK from pulling out of the European single market. The Sunday Times reported that claimants, including Peter Wilding of the British Influenc
Read moreSpreadbetters welcome BaFin proposals, say no changes will be needed
9th Dec 2016 07:40
(ShareCast News) - It was another down day for UK spreadbetters on Thursday as BaFin revealed plans to clampdown on contracts-for-difference trading, hot on the heels of the Financial Conduct Authority's announcement just two days before. On Friday, UK spreadbetters reacted to the announcement, sayi
Read moreIG mulling over response to German regulator's concerns
8th Dec 2016 16:55
(ShareCast News) - Online trading and spreadbetting provider IG Group issued a statement on Thursday afternoon. noting an intended measure announced earlier in the day by BaFin, the federal financial regulator in Germany. The BaFin announcement was over the the marketing, distribution and sale of CF
Read moreNumis upgrades IG Group to 'buy' but cuts target price
8th Dec 2016 09:35
(ShareCast News) - Numis has upgraded IG Group to 'buy' from 'hold' but cut its target price to 590p from 850p, saying it believes the spreadbetting firm is well placed to manage proposed new regulations. IG's shares took a tumble on Tuesday after the Financial Conduct Authority recommended tighter
Read moreBroker tips: Shire, GKN, IG Group
7th Dec 2016 15:08
(ShareCast News) - UBS downgraded Shire to 'neutral' from 'buy' and cut the price target to 5,000p from 5,600p saying a tougher environment for expensive orphan drugs was likely to constrain performance. This, and other issues such as low return on invested capital and the 2023 Vyvanse patent expiry
Read moreWednesday broker round-up
7th Dec 2016 13:36
(ShareCast News) - BHP Billition: HSBC reiterates hold with a target price of 1200p. Bunzl: Goldman Sachs reiterates neutral, 2200p target. Bellway: JP Morgan reiterates overweight with a 2950p target. Aviva: RBC reiterates outperform with a 500p target. IG: Barclays stays at overweight with a 95
Read moreCitigroup downgrades IG Group on FCA proposals
7th Dec 2016 11:59
(ShareCast News) - Citigroup downgraded IG Group to 'neutral' from 'buy' and chopped the price target to 470p from 950p after the Financial Conduct Authority announced plans on Tuesday to tighten the rules around contract for difference products. "We see the move by the FCA as having put the introdu
Read moreRBC Capital downgrades CMC Markets on FCA crackdown, slashes IG target
7th Dec 2016 09:44
(ShareCast News) - RBC Capital Markets downgraded its stance on CMC Markets to 'sector perform' from 'outperform' and cut the price target to 170p from 315p after the Financial Conduct Authority announced plans on Tuesday to tighten the rules around contract for difference products. "While acknowled
Read moreIG and CMC face 'collateral damage' from stricter CFD rules, warn analysts
6th Dec 2016 11:20
(ShareCast News) - Although IG Group and CMC Markets are not the intended targets of a clampdown by the Financial Conduct Authority's stricter rules for firms selling contract for difference products, analysts warned they would be receive collateral damage to revenues. The City of London watchdog is
Read moreFCA proposes stricter rules for CFDs and binary bets, IG and CMC plunge
6th Dec 2016 07:49
(ShareCast News) - The UK financial regulator is planning to clamp down on the sale by spread betting companies of contracts for difference (CFD) and binary bet products to less experienced traders, including limiting leverage and preventing companies from attracting customers with special bonus int
Read moreIG in line with expectations after 'strong' Q2
30th Nov 2016 08:38
(ShareCast News) - Online financial trader IG Group is trading in line with expectations after a "strong" second quarter. The FTSE 250 company said that higher operating costs in the first half of the year, mainly due to ongoing recruitment, has been offset by "good revenue". In the first quarter e
Read moreIG Group completes $40m DailyFX acquisition
31st Oct 2016 07:26
(ShareCast News) - Online trader IG Group announced it has completed the acquisition of DailyFX, a news and research portal, from FXCM for $40m. The FTSE 250 company announced in September that it was to buy DailyFX as parts of its aim to become the default choice for traders and that the acquisi
Read moreIG Group to buy global news and research portal DailyFX
30th Sep 2016 07:29
(ShareCast News) - IG Group has agreed to buy global news and research portal DailyFX and its associated assets from FXCM Inc. for a total consideration of $40m. IG said the deal, which is expected to complete by the end of October, is part of its aim of becoming the default choice for active trader
Read moreIG Group Q1 revenue drops in UK & Ireland amid subdued markets
20th Sep 2016 07:13
(ShareCast News) - FTSE 250 spreadbetting firm IG Group said it performed well in the three months to the end of August in what was a challenging quarter, although revenue in the UK & Ireland weakened as markets became increasingly subdued after Brexit and revenue per client declined. In the first q
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