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IG Group reveals strong finish to year

IG Group reveals strong finish to year

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.

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IG Group Timeline

January 15 2015
September 17 2013
September 11 2012

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