Ashby's shares only vest in 2017, and he benefits only if they increase more than 50% from current prices. UK online broker London Capital Group (LON:LCG) has announced that its new CEO, Saxo Bank veteran Kevin Ashby, has acquired more than 2.6 million LCG shares, bringing his total holdings to about 5% of outstanding LCG…
Read moreSteven Whelton has been appointed as interim replacement. FCA regulated UK brokerage London Capital Group announced in a press release that it has parted with its CFO Siobhan Moynihan. She has stepped down from the company’s board as of today (15th of November) and will be replaced temporary by Steven Whelton. Shares of the publicly traded parent…
Read moreTradefair asks its clients to switch to GFT UK, which is in process of being acquired by Gain Capital. Things keep going from bad to worse at UK spreadbetting firm London Capital Group (LON: LCG). After switching CEOs twice this year, enduring acquisition rumors which fizzled out, and reporting disappointing first half results, now comes…
Read moreLCG's first half saw a 7% drop in revenues, at a time when other UK online trading brokers saw a nice rise in business. Quick follow-up to our story last week detailing London Capital Group's first half financials.... LCG shares have continued to drift downward in the past few days, completing a 17% drop in…
Read moreLCG revenues were actually down from last year, at a time when industry revenues were up nicely. UK spreadbetting and CFDs broker London Capital Group (or "LCG"), which operates the Capital Spreads and ProSpreads brands, announced disappointing first half 2013 results, which sent its stock (LSE:LCG) tumbling by more than 10% on Thursday. LCG's revenues…
Read moreMark Slade buys 200,000 LCG shares for about $114,000, to hold about 0.5% of the company. It wasn't a very large investment in terms of total cost, but with new London Capital Group CEO Mark Slade reporting that he was buying shares, investors on the LSE followed and bid up LCG's share price by 6%…
Read moreInvestors dumping LCG after takeover talks called off with City Index. After falling Tuesday by 19% upon announcing it was no longer in active talks to be taken over, London Capital Group ("LCG") saw its shares drop another 18% on Wednesday in trading on the London Stock Exchange. LCG shares now sit at £0.30, and actually…
Read moreCity Index was apparently the last to withdraw from takeover talks. UK financial spreadbetting firm London Capital Group (or "LCG") announced today that it is no longer holding active talks with other parties regarding a takeover of the company. Previously, on February 12, LCG had stated that it had received approaches from several firms including…
Read moreCantor Fitzgerald, Gain Capital (Forex.com), and City Index have made "preliminary approaches" to LCG. Well, looks like we were right. After we reported this morning that the recent rise in London Capital Group's share price is likely attributable to M&A activity surrounding the company, London Capital Group itself confirmed in a press release just moments…
Read moreLCG shares shoot up 11% on Monday with no apparent new news. After we saw shares of ICAP and IG Group rise last week following some healthy January volume reports, today's turn for a buying frenzy goes to London Capital Group. LCG shares traded up more than 11% on Monday, now sitting at £0.40. The company's…
Read more