London Capital hit by low volumes

Shares of spread betting firm London Capital Group plunged 10 per cent on Tuesday as it said it expects to report adjusted pre-tax profit of £2m for the six months ended June 30, down from £3m a year earlier.

Shares of spread betting firm London Capital Group plunged 10 per cent on Tuesday as it said it expects to report adjusted pre-tax profit of £2m for the six months ended June 30, down from £3m a year earlier.

This is stated before recognising a charge for share based payment expense and a provision for £1.9m as previously disclosed relating to Financial Ombudsman Service (FOS) claims, it explained.

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