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IG Group profits defy low volatility and regulatory crackdown 

July 18, 2017

FT, Hannah Murphy

IG Group, the UK’s largest online trading company by market share, reported an uptick in full-year profits and a healthy boost in new client numbers, shrugging off a muted trading environment and a forthcoming regulatory crackdown. 

Pre-tax profits gained 3 per cent to £213.7m from £207.9m in the year to the end of May, beating analysts’ forecasts, which predicted a rise to £211.7m.  

The FTSE 250 group said net trading revenue grew 7.6 per cent to £491.1m, while new client numbers were boosted by nearly 40 per cent compared with the previous year. Shares closed up 16.4 per cent higher at £6.46.

 
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