If only...
IG Group (LSE: IGG) is the UK's largest online trading company by market share. In July it reported a 3% increase in pre-tax profit to £213.7m for the year to the end of May, while new client numbers rose by 38% compared with the previous year. The results came despite a pending regulatory clampdown on spreadbetting and cryptocurrencies. However, it seems few investors in IG, one of the biggest spreadbetting firms in the UK, have been put off by the crackdown, and little wonder revenues over the nine months to February grew 16% to £421.3m.
Be glad you didn't buy...
Suit-hire and retail chain Moss Bros (LSE: MOSB) saw its share price plunge by 22% in January as it warned of disappointing Christmas sales. The group said like-for-like sales for the 23 weeks to 6 January were down 1.1%, with a "significant reduction" in store footfall. The shares fell a further 30% in March when another profit warning was issued owing to a shortage of stock.But is a turnaround imminent? Last week, shares rose 14% after the firm reported that the decline in sales had slowed to 2.4% for the first 15 weeks of the year, improving from 4.4% in March.
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