IG Group Holdings PLC (IGG.L)
26 Mar 2019
Shares in IG Group fell to a two-year low on Thursday after the British financial trading firm reported a 29.4 percent drop in quarterly net trading revenue, hit by stricter regulations and persistently low market volatility.
* Shares hit 2-year low, CMC and Plus500 also down in early trade
March 21 Online financial trading group IG Group Holdings Plc reported a 29.4 percent slide in quarterly net trading revenue, as its UK and European units took a hit from stricter regulations that kept retail clients from using its platforms.
Shares of IG Group Holdings Plc fell 12 percent on Tuesday after the online financial trading company reported a slump in first-half earnings as new regulations made it harder for some clients to use its trading platforms.
* Shares drop 12 pct (Adds CEO quote from call, analyst comments, share move)
Jan 22 IG Group Holdings Plc reported a 17 percent slump in first-half profit on Tuesday, as stricter regulation kept clients away from the online financial trading company's platforms.
Oct 30 IG Group Holdings' has named June Felix as its first female CEO, appointing the former Citibank and IBM executive to lead the online financial trading firm as it navigates the sector's tightening regulatory environment.
Britain's IG Group Holdings Plc named former bank and technology firm executive June Felix as its new chief executive on Tuesday, as it and other online financial trading firms face up to a European regulatory clampdown.
Oct 30 British online financial trading firm IG Group Holdings Plc named June Felix as its new chief executive officer on Tuesday, following the departure of veteran Peter Hetherington last month.
Shares in IG Group fell more than 11 percent on Thursday after the online trader said Chief Executive Peter Hetherington would step down, a departure that will increase uncertainty for the company amid a regulatory clampdown on spread-betting.
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