Spread betting pioneer IG Group saw a high level of client activity in the second quarter of its financial year, continuing the trend seen in the first.
As a result, the group currently expects to achieve revenues in excess of £193.0m for the first half, compared to £156.7m in the corresponding period for the prior year, a 23% gain.
Costs have been in line with management's expectations.
Subscribe to 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
The group will issue a more detailed trading statement on Tuesday, December 13th, 2011 for the period ending November 30th, 2011.
--
jh
-
8 of the best houses for sale with librariesThis week: the best houses for sale with libraries – from a five-storey Georgian townhouse in Bloomsbury, London, to a 15th-century property with a library in a medieval tower in Lozère, France
-
Investors pull money from UK equities as government warns of “painful” BudgetThe government’s post-election honeymoon period has been short-lived, and investors are shying away from UK equities as a result
