Updates

IG Group - Positive trading update

January 2007

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.

Shares in spread betting firm IG shot up to within touching distance of £3 after it issued a positive pre-close trading update, which noted that all areas had seen revenue growth since its AGM in October. The highlight was news that its core UK business is recruiting clients at a faster rate than a year ago, while its smaller sports operation benefited from interest generated by the football World Cup. Among its overseas businesses, IG’s Australian subsidiary has picked up from a previously quiet first quarter, while Singapore, which opened in April, has achieved good levels of customer recruitment. IG has also opened a German office and established an Italian desk, based in London. Interim results are due on 22 Janu ...

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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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