IG Group Reports New Record Level of Quarterly Revenues
Posted: Mon Mar 21, 2016 7:52 am
UK publicly listed brokerage IG Group (LON:IGG) has just filed its trading update to the London Stock Exchange for the three months up to 29 February 2016, the third quarter of its 2016 financial year. Revenue in the third quarter reached a new record level of £122 million, up 18% from the same period in the prior year, and about 9% from the second quarter of the 2015 financial year, IG’s previous highest quarter.
IG explains that the reasons for the strong showing are that “a constant flow of macro-economic news created reasonable levels of volatility” as well as improvements to its online marketing capability. Last year’s figures ... (read more)