IG’s CEO Peter Hetherington Buys £1.1m Worth of Shares

[kreslik.news]

The CEO of IG Group, Peter Hetherington, has purchased 200,000 shares of the company he is leading, a regulatory filing with the London Stock Exchange shows. The move comes weeks after the announcement that the UK Financial Conduct Authority (FCA) has triggered a massive selloff in the shares of UK-listed retail brokers.

Typically, similar moves by senior executives are associated with increased confidence in the future. The move by Hetherington can be seen as a good sign for negotiations with the UK’s financial regulator. Earlier today, IG Group reported record revenues for the first half of fiscal 2017.

The purchase ... (read more)