IG begins fiscal 2016 showing strong growth, increasing metrics such as active client numbers – and a strong outlook for the rest of the year.
Read MoreTag: trading update
IG Group trading update: Fourth quater looking strong, progress includes Dubai license approval
IG Group’s trading update depicts good strategic progress over fourth quarter of the financial year, majors on expansion of stockbroking service into the Dutch market, and the approval of a license to operate in Dubai
Read MoreAs AGM approaches, Plus500 says it needs one month to clear backlog
Plus500 has stated that it is continuing to make progress re-approving existing customers’ documentation and now has 40 staff working on the project, whilst refuting certain misrepresentative media coverage by blogs and press organizations which cast aspersions on the firm’s capital position and accounting practices
Read MorePlus500 reports record revenues in Q1 of 2015 topping $82 million
Alongside record revenues was a vast 72% increase in new clients at Plus500, all while customer acquisition cost has gone down.
Read MoreIG Group underlying revenues up 7.1% to £103.6 million in Q3 of fiscal year
Whilst underlying revenues increased by 7.1% in the third quarter, the net revenue was reduced by £11.8 million to £91.8 million, 5.1% behind the same period last year (2014: £96.7 million) following the SNB event on January 15. IG states that the majority of the ensuing client debts of £18.4 million are provided for
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