IG continues to profit from market volatility
The strong performance at spread-betting firm IG Group has continued, with both profits and revenues rising by 28% in the first half.
The strong performance at spread-betting firm IG Group has continued, with both profits and revenues rising by 28% in the first half.
IG, which has benefited from the market volatility over the last year, said that net trading revenue increased from £153.0m to £195.6m in the six months ended November 30th, as 15% more clients signed up to IG's services.
Pre-tax profit rose from £80.6m to £103.2m, while the pre-tax profit margin improved slightly from 52.7% to 52.8%.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"IG has again delivered record results with strong growth in both revenue and profits," according to Chief Executive Tim Howkins.
"Our significant investment in technology and strong financial position support our increasing market lead and we remain well positioned to deliver further profitable growth. I remain confident about the outlook for the business."
The firm raised its interim dividend by 9.5% to 5.75p per share.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz
-
The biggest fossil fuel financing banks – is yours on the list?
You may not know it, but your savings could be being used to finance the fossil fuel industry. We look at the banks with the best and worst climate policies.