IG revenues slow as clients calm down over euro debt - UPDATE

IG Group, the spread betting firm, has seen revenue growth slow in its second quarter as the appeal to clients of increased volatility in the Eurozone appears to have diminished slightly.

IG Group, the spread betting firm, has seen revenue growth slow in its second quarter as the appeal to clients of increased volatility in the Eurozone appears to have diminished slightly.

Total revenues for the six months to the end of November are expected to be £195.6m, up over 25% on the equivalent period of 2010 (£156.7m). Stripping out the now closed sports betting business like-for-like revenues for the half-year climbed 28%. Meanwhile, there has been a 15% increase in active clients and an 11% rise in revenue per client in the last six months.

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