Ombudsman ruling to have million pound impact on IG Group
7th Oct 2015 08:00
(ShareCast News) - IG Group will correct a number of client accounts at a total cost of £1m after a ruling from the Financial Ombudsman Service. The Ombudsman completed its investigation into the FTSE 250 trading company and events surrounding the Swiss franc in January after a complaint from a clie
Read moreVodafone bosses buy company shares after Liberty Global deal called off
29th Sep 2015 15:35
(ShareCast News) - While Liberty Global may have lost interest in a deal with Vodafone, its management team certainly has more of an interest after the CEO and CFO purchased shares in the group. The telecommunications giant announced on Monday that it is no longer in discussions with Liberty Global
Read moreFTSE 250 movers: IG rallies on well-received update, Kaz Minerals tumbles
22nd Sep 2015 15:43
(ShareCast News) - London's FTSE 250 was in the red on Tuesday. At 1600 BST, the index was down 1.9% at 16,569.59, in line with the broader market, as mining stocks took a hit. IG Group was the standout gainer after the trading firm posted an increase in revenue in the first three months of the year
Read moreIG posts increase in quarterly revenue, says full-year results are hard to predict
22nd Sep 2015 08:18
(ShareCast News) - Trading firm IG Group posted an increase in revenue in the first three months of the year, although it warned market volatility had made it harder to predict an outcome for the full year. In the quarter to the end of August, revenue rose 24% year-on-year to £106m, driven higher by
Read moreTuesday preview: AG Barr and IG Group to figure prominently
21st Sep 2015 16:37
(ShareCast News) - A raft of companies are set to update investors on their latest financials on Tuesday, with the latest interim figures from the likes of AG Barr and AA due to be published. Finals from Close Brothers Group alongside trading updates from Dairy Crest and IG Group will also figure pr
Read moreIG Group CFO quits for Hargreaves Lansdown
10th Aug 2015 07:20
(ShareCast News) - IG Group chief financial officer Chris Hill has resigned to move to Hargreaves Lansdown. The resignation comes weeks after Hargreaves Lansdown chief executive Tim Howkins said he would retire after nine years in the job. Hill will replace interim chief financial officer Simon Cl
Read moreLondon pre-open: FTSE 100 tipped to open higher
10th Aug 2015 07:12
(ShareCast News) - City sources predict the FTSE 100 will open 30 points higher than Friday's close of 6,718.49. European equities are set to start with gains this morning, as they par back some of Friday's losses, London Capital Group night dealer Jonathan Sudaria said. "However, despite the posit
Read moreFTSE 250 movers: IG Group buffeted by currency headwinds, miners rebound
21st Jul 2015 14:07
(ShareCast News) - Mid-caps were subdued on Tuesday as strong performances from oil, insurance and technology stocks were offset by losses in the telecommunications, utilities and construction sectors. As of 14:30 BST, the FTSE 250 was trading flat at 17,790. IG Group topped the fallers after repor
Read moreIG Group full-year profit dented by Swiss franc incident
21st Jul 2015 10:56
(ShareCast News) - IG Group posted a 13% drop in full-year pre-tax profit, as the online trading company took a hit from the surge in the Swiss franc in January when the Swiss National Bank announced without notice that it was ceasing intervention in the franc exchange rate. For the year ended 31 Ma
Read moreIG Group CEO to retire after 16 years at online trading firm
21st Jul 2015 08:39
(ShareCast News) - IG Group chief executive officer Tim Howkins will retire from his post at the company's annual general meeting in October. Howkins will also step down from IG's board as a director, the online trading company confirmed on Tuesday. Following the AGM, Peter Hetherington, currently
Read moreLondon pre-open: Quiet start expected after Wednesday's surge
28th May 2015 07:50
Thursday's session is set to start on a quiet note, pausing after strong gains the previous day as reports of a imminent Greek debt deal spurred buying. City sources predict the FTSE 100 will open just a few points lower after surging 1.2% on Wednesday's to close at 7,033.33. "There's been months o
Read moreIG Group on track to deliver against full-year expectations
28th May 2015 07:18
IG Group said on Thursday in a trading update for the fourth quarter that it remains on track to deliver against full-year financial expectations. The company said it made good strategic progress over the period, extending its stockbroking offering into the Netherlands and receiving approval in prin
Read morePlus500 suspended after shares hit by US hedge fund Cable Car Capital's short position
22nd May 2015 09:42
Shares in online retail-focused broker Plus500 were suspended on Friday after falling by more than a third on the day and around 70% over the week due to speculation about regulatory issues and after several major short positions came to light. Shares in Plus500 were down by 37% by 10:00 BST, with s
Read moreThursday newspaper round-up: Pace, Petrobas, IG Group
23rd Apr 2015 06:53
Set-top box maker Pace has agreed to a £1.4bn takeover by sector peer Arris, reports The Times. The company will hold its annual general meeting on Thursday, at which it will present the recommended deal to shareholders. Brazilian oil group Petrobas, under investigation for a corruption scandal, has
Read moreWednesday tips round-up: BHP Billiton, IG Group
18th Mar 2015 09:11
BHP Billiton's decision to de-merge some of its non-core activities into a new vehicle, South 32, opens up some intriguing possibilities, according to The Times' Tempus column. In essence, the Australian miner is hoping the new company will eventually become the target of a takeover. Unlike most min
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