July 31, 2014 BY Mike Fox

Breaking News: London Capital Group COO John Jones resigns

Mr. Jones was also head of risk. This is likely part of the changes being made by the new regime in charge, led by Charles-Henri Sabet. London Capital Group (LON:LCG) officially states: London Capital Group announces that John Jones Chief Operating Officer of LCG has resigned from the Board to pursue other interests.  His resignation will take…

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July 17, 2014 BY Mike Fox

London Capital Group trading update, first half revs down 39.5% YoY...

The Board of London Capital Group Holdings, (LON:LCG) the online spread betting, CFD and institutional FX company, announces the following trading update in respect of the first half of the current financial year and confirms that it will release interim results for the period ended June 30th 2014 on Wednesday August 27th 2014. Revenue from…

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July 03, 2014 BY Mike Fox

Approved! GLIO investment in London Capital Group blessed by shareholders

The Board of London Capital Group (LON:LCG) has announced that, at a General Meeting of shareholders held on July 3rd, the proposed investment in the Company by GLIO Holdings Ltd and possibly existing shareholder(s) of up to £17.5 million was approved, through the increase in share capital and waiving of preemption rights. The proposed changes…

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July 03, 2014 BY Gerald Segal

LCG shares sent soaring 17% on news of Spreadex bid

Today should be a very interesting day in the corporate history of UK spreadbetting firm London Capital Group (LON:LCG). Today's general meeting and shareholder vote will likely determine the fate of LCG - primarily, whether or not it ends up being 'rescued' by a £17.5 million investment to be made by an investor group led…

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June 26, 2014 BY Gerald Segal

Shelbourne Markets about to be acquired – LeapRate Exclusive

LeapRate 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…

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June 19, 2014 BY Gerald Segal

Ouch! Investors punish LCG for sale plans, shares drop (another) 18%

While 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…

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