Tag: LCG

Arman Tahmassebi ETX Capital
January 11, 2019 BY Valentina Kirilova

ETX Capital CEO Arman Tahmassebi resigns

Spread Betting and CFD broker ETX Capital has just announced the resignation of its CEO Arman Tahmassebi. Mr Tahmassebi had been with ETX for 3 years, joining as COO in 2016 after 1 year as COO at London Capital Group. He left LCG in January 2016. Prior to LCG, Tahmassebi was 14 years at IG…

Read more
LCG trading floor
August 01, 2018 BY LeapRate Staff

LCG completes going-private deal after receiving FCA approval

London based Retail FX, CFDs and Spreadbetting broker London Capital Group (or LCG) has announced that it has received FCA approval for the transaction which will see the operations of the brokerage transferred to a private company controlled by Charles-Henri Sabet, called SLCG International DMCC. The publicly traded company now retains 8.5% of the issued share…

Read more
May 31, 2018 BY LeapRate Staff

Charles-Henri Sabet resigns as CEO of LCG as results improve in 2H-2017

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its results for the full year 2017, indicating steady if unspectacular improvement in the second half of the year. However, the company continues to lose money, albeit at a slower rate. And, most interestingly, the company separately announced that…

Read more
LCG trading floor
March 22, 2018 BY LeapRate Staff

LCG shareholders approve going-private deal, FCA approval pending

Following our exclusive report from earlier this month revealing that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet, the company has announced that a shareholders meeting was held yesterday and that the proposed transaction (see more details below) was approved as planned. The going-private…

Read more
LCG trading floor
March 05, 2018 BY LeapRate Staff

Exclusive: LCG goes private in £5 million Loan Notes deal, to Charles-Henri Sabet

LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet. Mr. Sabet and his investor group GLIO Holdings already control the publicly traded parent company London Capital Group Holdings PLC (which we'll call 'Holdings'), with a 78.1% holding. However…

Read more
LCG trading floor
February 26, 2018 BY LeapRate Staff

Olivia Blanchard in, Nicholas Lee and Frank Chapman out from LCG Board

Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc has announced some changes to its board of directors. Joining the LCG board is Olivia Blanchard, who will become a Non-Executive Director of the company, effective immediately. Olivia Blanchard has worked in a number of sectors including private banking, investment banking, asset management and institutional…

Read more
LCG trading floor
February 06, 2018 BY LeapRate Staff

LCG shareholders approve LSE delisting, move to NEX Exchange February 14

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that at an LCG shareholder meeting held earlier today, the company's proposal to delist from the London Stock Exchange and move the company's share listing to the NEX Exchange Growth Market run by NEX Group PLC (LON:NXG) was approved. LCG's last day…

Read more
LCG trading floor
June 29, 2017 BY LeapRate Staff

LCG turnaround continues, Revenues up 50% in 2016

Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has released its 2016 full year results, indicating that the company is indeed well along in its restructuring and turnaround, but still has a long way to go. On the top line, LCG was able to generate healthy revenue growth following its rebranding…

Read more