RBC 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
Read moreBroker tips: UK engineers, EnQuest, IG Group
16th Aug 2016 12:31
(ShareCast News) - Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers. The bank cut Rotork to 'reduce' from 'hold' and trimmed the target price to 180p from 200p, pointing to poor visibility and margin pressure
Read moreLiberum upgrades IG Group to 'buy'
16th Aug 2016 09:05
(ShareCast News) - Liberum upgraded IG Group to 'buy' from 'hold' and lifted the price target to 986p from 770p. The brokerage said IG's full-year 2016 results surprised on the upside, not with the modest earnings per share beat but with the "incredibly strong" growth in new accounts opened. As a re
Read moreWednesday broker round-up
20th Jul 2016 09:29
(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy
Read moreIG Group earnings beat forecasts after four-year hiatus
19th Jul 2016 07:49
(ShareCast News) - IG Group posted full year results on Tuesday that beat market expectations, with earnings breaking higher after a four-year stagnation. The spread-betting, contracts for difference and forex trading provider increased trading revenue 14% to £456.3m in the year ended 31 May, ahead
Read moreTullett Prebon's Mainwaring the new IG finance chief
8th Jul 2016 07:08
(ShareCast News) - Online trading company IG announced on Friday that it has appointed Paul Mainwaring as chief financial officer designate. The FTSE 250 firm said Mainwaring will start on Monday, replacing Mark Ward who will leave the company after a short handover, as previously announced. IG con
Read moreIG Group says it managed Brexit exposure "very effectively"; trading in line
24th Jun 2016 15:38
(ShareCast News) - Financial spreadbetting firm IG Group said it managed its operations and exposure "very effectively" through Thursday night and into Friday as the UK voted in the EU referendum. "IG's emphasis has been on assisting clients through this period of uncertainty, through measures both
Read moreBroker tips: HSBC, PZ Cussons, IG Group
3rd Jun 2016 10:57
(ShareCast News) - Investec downgraded HSBC to 'hold' from 'buy', pointing to just under 1% residual upside to its unchanged 450p price target. "Our continuing belief that HSBC can, should and will maintain an (uncovered) 51c dividend, an implied 2016e dividend yield of 7.9% is, by itself, insuffici
Read moreRBC lifts IG Group target price after trading update
3rd Jun 2016 09:19
(ShareCast News) - IG Group had its target price lifted to 815p from 800p and its 'sector perform' rating reiterated by RBC Capital Markets on Friday after the spread-betting operator reported its fourth quarter trading update. The company on Tuesday said it had performed "well" in the last three mo
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