Spreadex paid out dividends of more than £20 million to shareholders over the past year.
Read moreShares of UK spreadbetting broker IG Group Holdings plc (LON:IGG) have been on the rise lately, and Monday hit brand new territory. IG shares topped the £7 level for the first time ever during Monday trading on the London Stock Exchange, changing hands as high as £7.09 before settling to close at £7.04, up 2%…
Read moreBreaking Forex Industry News.... US-based Gain Capital (NYSE:GCAP), which owns and operates the retail Forex.com and institutional GTX brands, has announced the acquisition of London-based financial spreadbetting firm City Index. Gain Capital is paying a total of $118 million, although from a cash perspective it will come out ahead by about $16 million. City Index…
Read moreToday 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…
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 moreBut it appears that revenues were down (again) at CMC, after a 21% revenue drop last year. CMC Markets founder Peter Cruddas, who re-took the reigns as CEO in early 2013, has overseen a nice overhaul of the business and its return to profitability, but is still facing falling revenues. UK spreadbetting and forex brokerage…
Read moreBank of England’s governor Mark Carney dashed hopes for an independent Scotland that uses the British Pound A couple of weeks after the Scottish independence currency question has resurfaced, our thesis that a currency union with the UK would undermine its ultimate goal of sovereignty has been confirmed by none other but the current governor…
Read morePound volatility could still reap some benefits for UK spreadbetting and forex businesses When things get out of hand politicians toughen up and take control of the situation. The UK treasury has set an example on Monday that sometimes politicians can act tough without any immediate pressure and released a statement on the state of…
Read moreIG is eyeing the opening of a Switzerland office in 2014. UK spreadbetting leader IG Group (LON:IGG), which is in process of rebranding its businesses to just IG.com, has just reported its second consecutive quarterly decline in revenues. Fiscal 2014 Q2 revenue of £89.1 million came in at 5% below Q1, with Q1 having been 10%…
Read moreIG's reorg continues; Jones was one of the more influential London financial research voices for the past decade. LeapRate Exclusive.... LeapRate has learned that longtime Chief Market Strategist David Jones has left UK spreadbetting firm IG (LON:IGG), to take a 'bit of a break', according to his personal website and Twitter feed. Jones stopped writing…
Read more