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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Steve Webb: The triple lock is there to do a job. I’m not embarrassed or ashamed of itThe triple lock means 13 million pensioners will now get an above-inflation state pension boost in April. While the rising cost of the policy has stirred controversy, Steve Webb, who served as pensions minister when it was introduced, argues the triple lock is vital and should stay. Webb speaks to Kalpana Fitzpatrick on the new episode of MoneyWeek Talks – out now.
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How retirement pots risk running out 11 years early if inflation remains highPension savers could find their retirement income may not last as long as they anticipated over fears that inflation may not slow down
