UK spreadbetting company London Capital Group (LON:LCG) has issued a press release (see below) denying rumors that it has been in acquisition discussions, other than with a group led by Charles Henri-Sabet. As we wrote earlier, Sabet and his group have offered LCG a £17.5 million lifeline in return for effectively taking control of LCG.…
Read moreLeapRate has learned from industry sources that leading Dublin, Ireland based financial spreadbetting broker Shelbourne Markets is about to be acquired. Apparently Shelbourne has been holding sale discussions with a number of suitors, including a leading US-based forex brokerage, and several UK-based spreadbetting rivals. We understand that the likely buyer will be one of the…
Read moreWhile the lifeline being provided by Charles Henri-Sabet and his co-investors in GLIO Holdings might be crucial for London Capital Group's return to growth, it seems that current LCG shareholders don't share his enthusiasm. London Capital Group (LON:LCG) shares dropped another 18% on Wednesday to close at £0.21, the day after the company announced updated…
Read moreThe UK spreadbetting company (LON:LCG) is now looking to raise £12.5-15.0 million from Charles-Henri Sabet, plus another £0.5-2.5 million from institutions.
Read moreLCG is now trading at below its value of cash-on-hand. Does that make LCG an attractive takeover target for those looking to expand in the UK?
Read moreIt has certainly been a year of the haves and have-nots among publicly traded retail forex brokers. And as it should be, share prices seem to be following results and momentum in the 'real' world. On the one end of the spectrum is Plus500 (LON:PLUS), up more than 500% since its IPO last summer and…
Read moreLCG heads out of the wilderness as it gears up for £15 million loan note from prominent investor in trading platforms London Capital Group (LON:LCG) has announced today that it is planning a placing of convertible loan notes of approximately £15 million. This placing will be subscribed for in full or in large part by GLIO Holdings…
Read moreAverage daily spread betting and CFD trades in the quarter were down 11 per cent on the prior year, moving from 24,298 to 21,586 London Capital Group is reporting their Q1 numbers today and they are down YoY 38%. The company states: "Whilst we experienced an increase in trading activity in January and February 2014,…
Read moreReport states general confidence of the business has materially improved with challenges ahead London Capital Group Holdings plc (LON:LCG) which is authorized and regulated by the Financial Conduct Authority (FCA) in London released their 2013 annual report to investors this week. The report shows they believe their worst is behind them after a tough 2012…
Read moreUnder new management, the big question is whether LCG can make a recovery in 2014. UK spreadbetting and CFDs broker London Capital Group (or "LCG"), which operates the Capital Spreads, Capital CFDs and LCG FX brands, announced summary results for the second half of 2013 on Wednesday. LCG Group revenue came in at £10.9 million, down…
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