IG Group's Davie takes a punt

IG Group's chairman Jonathan Davie has lifted his stake in the spread-betting firm, spending about £165,000 on shares.

He took 90,000 shares in the company at just under 183.3p a time, raising his holding to 1m.

When Davie last bought into the company, back in March, he took 190,000 shares at 338p a time.

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The firm's share price fell heavily last week when it said it had seen a rise in doubtful debts during October, which was a very volatile period on the financial markets.

Davie, a chartered accountant, is a also a non-executive director at Credit Suisse Private Bank.

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