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IG Group - Turnover jumps 35%

July 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.

  • Epic Code:
  • IGG
  • Price:
  • 310p
Spread betting firm IG has issued a positive update, which noted continued growth across all its businesses in its financial year to 31 May, with the result that turnover is expected to increase 35% to £120m. Trading was helped by the higher market volatility in recent months as well as accelerated client recruitment. Encouragingly, IG’s EBITDA margin in the second half was higher than in H1, which was depressed by increased business development but the margin for the year as a whole will be down slightly. Meanwhile, its geographic expansion is going well, with client recruitment in Australia double the level of a year ago, while the Singapore and German offices have both started well. IG will announce its full year re ...

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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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