IG Group publishes annual report FY19: “A year of pivotal change”

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UK online trading leader IG Group Holdings plc (LON:IGG) has today released its annual report FY19.

Highlights include:

    • Revenue – £476.9m
    • Operating profit – £192.9m
    • Net own funds generated from operations – £159.7m
    • Basic earnings per share – 43.1p
    • Total dividend per share – 43.2p

As LeapRate previously reported, even though IG’s expectations were that its revenue in FY19 will be lower than in FY18, reflecting the impact of the ESMA measures, the broker announced that it has successfully navigated the regulator’s measures which came into effect during Q1 of the financial year.

Andy Green steps down as Chairman of IG Group

Andy Green

Andy Green called 2019 “A Year of pivotal change” and commented:

During a pivotal year encompassing significant change for the business and in Board membership, IG’s core values of championing the client, leading the way and loving what we do have continued to be a constant, underpinning our decisionmaking and helping create the optimal environment for future growth, management development and the development of our strategy.

LeapRate reminds that Andy Green will be leaving the Board, stepping down as Chairman at IG’s AGM in September 2019. Malcolm Le May, as Senior Independent Director will lead the Nominations Committee in the search for the next Chairman of IG.

IG Group hires Verifone exec June Felix as CEO

June Felix, IG Group

June Felix, Chief Executive, also shared her perspective on IG:

IG is a business with a clear purpose – to empower informed, decisive, adventurous people to access opportunities in the financial markets – and authentic values that are truly embodied by our employees and reflected in our culture: champion the client, lead the way, love what we do.
I’m very proud of our reputation for industry-leading technology, service and execution.

IG’s complete annual report can be seen here.

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