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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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IG Group - Sales up 53% in H1

February 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • IGG
  • Price:
  • 360p
Financial spread betting firm IG has continued its remarkable purplepatch with its trading update for the six months ended 30 Novembernoting that sales have increased a remarkable 53% to £85m. IG’s financial division is expected to show growth in excess of 58%and has experienced record levels of transactions and new accountopenings throughout the period. Both the spread betting and CFDoperations have also performed well. Internationally, the picture is also rosy with both itsestablished Australian division and start-ups in Singapore and Germanygrowing well. Meanwhile new offices were opened in Madrid and Parisduring November while IG now has a foothold in the US following itsrecent acquisition of Hedgestreet. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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