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IG Group reveals strong finish to year

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IG Group (LON:IGG) told investors that fourth quarter revenues would be 8% better than last year following a particularly active April and May.

The spreadbetting and CFD bookie highlighted a number of market events that have in recent months provided trading catalysts – including the Cyprus ‘bail-in’, the sharp fall in gold prices, the Bank of Japan’s intervention and the rally in global equity markets.

“The strong fourth quarter was a continuation of the shift experienced at the start of the second half when better market conditions began to produce more trading opportunities for clients,” the company said.

IG expects to report trading revenue of £104mln in the final three months of its year, which will result in £361.9mln over the full year.

Quick facts: IG Group

Price: 844 GBX

LSE:IGG
Market: LSE
Market Cap: £3.12 billion
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