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United Kingdom

IG Group Holdings PLC (IGG.L)

IGG.L on London Stock Exchange

534.00GBp
14 Dec 2018
Change (% chg)

-11.00 (-2.02%)
Prev Close
545.00
Open
541.00
Day's High
545.50
Day's Low
532.00
Volume
1,191,643
Avg. Vol
1,361,397
52-wk High
956.50
52-wk Low
529.50

Latest Key Developments (Source: Significant Developments)

IG Group Sees H1 2019 Rev About 6 Pct Lower Than Last Yr
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - IG Group Holdings PLC ::PRE-CLOSE TRADING UPDATE.REVENUE IN FIRST HALF IS EXPECTED TO BE AROUND 6% LOWER THAN IN SAME PERIOD IN FY18, WHICH WAS A RECORD FOR IG.GROUP REVENUE IN FOUR MONTH PERIOD SINCE ALL ESMA MEASURES CAME INTO EFFECT IS EXPECTED TO BE AROUND 10% LOWER THAN IN SAME PERIOD A YEAR AGO.REVENUE IN THAT FOUR MONTH PERIOD SINCE AUG IN ESMA REGION (UK AND EU) IS EXPECTED TO BE AROUND 20% LOWER.NUMBER OF CLIENTS IN UK AND EU WHO HAVE ELECTED TO BE CLASSIFIED AS PROFESSIONAL CONTINUED TO INCREASE DURING HY PERIOD.IG EUROPE, GROUP'S CLIENT FACING SUBSIDIARY IN GERMANY, HAS RECEIVED ITS LICENCE FROM BAFIN.GERMAN SUBSIDIARY PROVIDES CERTAINTY THAT WILL BE ABLE TO OFFER ITS REGULATED FINANCIAL PRODUCTS IN EU MEMBER STATES FOLLOWING UK'S EXIT FROM EU.  Full Article

IG Group appoints June Felix as CEO
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - IG Group Holdings PLC ::IG GROUP HOLDINGS PLC A GLOBAL LEADER IN ONLINE TRADING, IS PLEASED TO ANNOUNCE APPOINTMENT OF JUNE FELIX AS CHIEF EXECUTIVE OFFICER ('CEO') OF GROUP AND AS AN EXECUTIVE DIRECTOR ON BOARD OF IG WITH IMMEDIATE EFFECT..JUNE WAS SELECTED AS CEO FOLLOWING AN EXTENSIVE SUCCESSION PLANNING PROCESS THAT ASSESSED EXTERNAL AND INTERNAL CANDIDATES SUPPORTED BY RUSSELL REYNOLDS AND KORN FERRY..  Full Article

IG Group CEO Peter Hetherington To Step Down
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - IG Group Holdings PLC ::IG GROUP HLDGS PLC - DIRECTORATE CHANGE.IG GROUP HOLDINGS PLC - PETER HETHERINGTON WILL STEP DOWN AS CEO OF GROUP..IG GROUP HOLDINGS PLC - DURING INTERIM PERIOD PAUL MAINWARING, IG'S CFO, WILL ASSUME ADDITIONAL ROLE OF INTERIM CEO.IG GROUP HOLDINGS PLC - BOARD IS WELL ADVANCED WITH ITS SEARCH FOR A NEW CEO.  Full Article

IG Group Says FY Operating Profit Up 32 Pct To 281.1 Mln Pounds
Tuesday, 24 Jul 2018 

July 24 (Reuters) - IG Group Holdings PLC ::FINAL DIVIDEND 33.51 PENCEPER SHARE.TOTAL DIVIDEND 43.2 PENCEPER SHARE.FY OPERATING PROFIT £281.1 MILLION (FY17: £213.4 MILLION) - UP 32%.FY OPERATING PROFIT MARGIN 49.4% (FY17: 43.5%) - UP 5.9% POINTS.FY NET TRADING REVENUE £569.0 MILLION.FY FINAL DIVIDEND OF 33.51 PENCE PER SHARE; FULL YEAR DIVIDEND 43.2 PENCE PER SHARE.COMPANY EXPECTS THAT ITS REVENUE IN FY19 WILL BE LOWER THAN IN FY18, REFLECTING IMPACT OF REGULATORY CHANGES IN UK AND EU.COMPANY EXPECTS TO RETURN TO GROWTH AFTER FY19.IG GROUP ON FY 19 OUTLOOK - BELIEVES REDUCTION IN HISTORIC REVENUE FROM IMPLEMENTATION OF MEASURES ANNOUNCED BY ESMA WOULD HAVE BEEN APPROXIMATELY 10%.EXPECTS TO MAINTAIN 43.2 PENCE PER SHARE ANNUAL DIVIDEND UNTIL GROUP'S EARNINGS ALLOW BOARD TO RESUME PROGRESSIVE DIVIDENDS.  Full Article

IG Group Appoints Bridget Messer And Jon Noble As Executive Directors
Wednesday, 23 May 2018 

May 23 (Reuters) - IG Group Holdings PLC ::IG GROUP HOLDINGS PLC - APPOINTMENT OF BRIDGET MESSER AND JON NOBLE AS EXECUTIVE DIRECTORS WITH EFFECT FROM 1 ST JUNE 2018..  Full Article

IG Group Says ESMA's First Use Of Emergency Powers "Somewhat Questionable"
Tuesday, 27 Mar 2018 

March 27 (Reuters) - IG Group Holdings Plc ::IG GROUP- "ESMA'S FIRST USE OF EMERGENCY POWERS IN SOMEWHAT QUESTIONABLE"- CEO.IG- "COMPLAINTS (TO ESMA) HAVE FALLEN FAST. LESS THAN 1 COMPLAINT FOR EVERY HALF A MILLION TRADE DONE BY INDUSTRY CLIENTS"- CEO.IG GROUP- "SOME OF THESE (ESMA'S) MEASURES ARE STILL NOT REALLY THOUGHT THROUGH"- CEO.IG- "THOUSANDS OF CLIENTS WHO HAVE HAPPILY BEEN TRADING FOR DECADES WILL NOW BE MATERIALLY DISADVANTAGED"- CEO.  Full Article

IG Group Warns On FY19 Revenue After ESMA,FCA Announcement
Tuesday, 27 Mar 2018 

March 27 (Reuters) - IG Group Holdings Plc ::‍RESPONSE TO ESMA AND FCA ANNOUNCEMENTS​.‍SUPPORTS ESMA IN ITS EFFORTS TO ENHANCE CONSUMER PROTECTION​."IG IS DISAPPOINTED THAT ESMA HAS CHOSEN TO PROCEED WITH ITS PROPOSAL TO IMPOSE DISPROPORTIONATE LEVERAGE RESTRICTIONS".IG GROUP- ‍MEASURES ANNOUNCED BY ESMA ONLY RELATE TO RETAIL CLIENTS. IG'S CLIENT BASE IS, AND HAS ALWAYS BEEN, DOMINATED BY SOPHISTICATED TRADERS​.BELIEVES THAT CLIENTS WHO GENERATE OVER HALF OF ITS CURRENT UK AND EU REVENUE WILL BE CLASSIFIED AS ELECTIVE PROFESSIONAL..‍DOES NOT BELIEVE THERE WILL BE ANY FINANCIAL IMPACT FROM IMPLEMENTATION OF MEASURES IN CURRENT FINANCIAL YEAR, FY18​.EXPECTS THAT ITS REVENUE IN FY19 WILL BE LOWER THAN THAT EXPECTED IN FY18, PRIMARILY REFLECTING IMPACT OF REGULATORY CHANGES IN UK AND EU​."DEMAND FOR PRODUCTS AND SERVICES OFFERED BY IG IS STRONG, AND GROWING AND COMPANY EXPECTS TO RETURN TO GROWTH AFTER FY19".  Full Article

IG Group Holdings Says H1 Pretax Profit OF 136.2 Mln Pounds
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - IG Group Holdings Plc ::INTERIM DIVIDEND UP 30 PERCENT TO 9.69 PENCEPER SHARE."GROUP IS TAKING ACTION TO MITIGATE POTENTIAL FINANCIAL IMPACT OF REGULATORY CHANGE"- CEO."IG SUPPORTS OBJECTIVE OF REGULATORS TO IMPROVE RETAIL CLIENT OUTCOMES IN INDUSTRY"- CEO.SAYS ‍H1 NET TRADING REVENUE £268.4 MILLION (H1 FY17: £244.9M) - UP 10%​.SAYS H1 ‍PROFIT BEFORE TAX £136.2 MILLION (H1 FY17: £105.2M) - UP 29%​."MOST EFFECTIVE MEASURE TO IMPROVE CLIENT OUTCOMES IS TO ENSURE THAT PRODUCT IS ONLY MARKETED TO RIGHT PEOPLE IN RIGHT WAY".SAYS ‍INTERIM DIVIDEND OF 9.69 PENCE PER SHARE​.  Full Article

European Market Watchdog consults on potential CFD and binary options measures
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - European Securities and Markets Authority:ESMA- CONSULTS ON POTENTIAL CFD AND BINARY OPTIONS MEASURES TO PROTECT RETAIL INVESTORS.ESMA- HAS PUBLISHED A CALL FOR EVIDENCE ON POTENTIAL PRODUCT INTERVENTION MEASURES RELATING TO THE PROVISION OF CFDS.ESMA- IS NOW SEEKING EVIDENCE FROM STAKEHOLDERS ON THE IMPACT OF THE FOLLOWING PROPOSED MEASURES REGARDING CFDS.ESMA- CONSIDERATIONS INCLUDE LEVERAGE LIMITS ON THE OPENING OF A POSITION BY A RETAIL CLIENT.ESMA- CONSIDERATIONS INCLUDE A MARGIN CLOSE OUT RULE ON A POSITION BY POSITION BASIS.ESMA- CONSIDERATIONS INCLUDE NEGATIVE BALANCE PROTECTION ON A PER ACCOUNT BASIS, RESTRICTION ON INCENTIVISATION OF TRADING.ESMA- CONSIDERATIONS INCLUDE A STANDARDISED RISK WARNING BY CFD PROVIDERS.ESMA- ESMA IS ALSO CONSIDERING WHETHER CFDS IN CRYPTOCURRENCIES SHOULD BE ADDRESSED IN THE MEASURES..ESMA- POTENTIAL MEASURE UNDER CONSIDERATION IS A PROHIBTTION ON THE MARKETING, DISTRIBUTION OR SALE OF BINARY OPTIONS TO RETAIL INVESTORS.  Full Article

IG Group Believes FCA Review Has No New Financial Implications For Its Business​
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - IG Group Holdings Plc ::RESPONSE TO FCA FINDINGS OF REVIEW OF CFD MARKET.‍IG DOES NOT OFFER ADVISORY OR DISCRETIONARY SERVICES FOR CFD PRODUCTS​.BELIEVES THAT IT COMPLIES WITH APPLICABLE RULES AND FCA GUIDANCE AND THAT THIS REVIEW HAS NO NEW FINANCIAL IMPLICATIONS FOR IG'S BUSINESS​.BELIEVE THAT STRICTER SUPERVISION OF THOSE FIRMS WHO DO NOT COMPLY WILL LEAD TO IMPROVED CLIENT OUTCOMES IN INDUSTRY.IG HAS CAREFULLY DEFINED ITS TARGET MARKET.TERMINATED SMALL NUMBER OF RELATIONSHIPS WITH DISTRIBUTORS WHO OFFER CFD PRODUCT TO RETAIL CLIENTS WITHIN UK AND EU​.  Full Article

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UK regulator wants to make curbs on CFDs, binary options permanent

LONDON Britain's markets watchdog proposed on Friday making temporary curbs on the sale of complex derivative products to retail customers permanent.