IG Group Reports a Decline in Revenues Amid Declining Customer Value

[kreslik.news]

UK spread betting, FX and CFDs brokerage IG Group (LON:IGG) is reporting that the company’s revenues in the third quarter of fiscal 2017 declined somewhat. For the quarter that ended on February 28th, the metric decreased by 3.8 percent year-on-year to £117.4 million ($146.4 million).


The drop was led by declining revenues per client, which was down 15 percent when compared to the same quarter of last year. The negative impact was cushioned somewhat by a 13% rise in the number of active clients.

The business of IG Group is also seeing a geographical shift. A material decline ... (read more)