Investment Trends report shows that the UK online market is still all about IG, but some surprises among the other Top 5 firms. Research shop Investment Trends has released its annual review of the UK online trading market -- covering Spreadbetting, CFD trading and FX -- and it contains some interesting findings. The not-so-surprising part?…
Read moreScotland government white paper (purposely) leaves out any mention of a Scottish currency Scotland's government, led by Alex Salmond’s Scottish National Party, tabled its ‘White Paper’ on Scottish independence earlier this week, and it was as notable for what was NOT in it as for what was. One of the main omissions was talk of…
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 moreWith a Scottish independence referendum a year away, how would this complication be handled? UK spreadbetting and forex industry firms must be licking their chops at the prospect of Scotland launching its own currency, as Scotland nears its referendum on independence on September 18, 2014. UK retail trading clients rank among the highest worldwide 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 moreFor the past year IG Group has been rebranding its businesses under the generic 'IG' name. LeapRate has learned that leading UK online brokerage and spreadbetting firm IG Group has spent millions of dollars acquiring the IG.com domain name. IG Group management apparently plan to consolidate all of IG's various brands and businesses, such as…
Read moreRevenue and volumes up in every region worldwide. IG Group, the UK's leading financial spreadbetting company, announced that in its Q3-2013 (for the quarter ended February 28, 2013 -- IG has a May year-end) revenues and activity were up nicely in double-digit percent across all of its major regions -- its home market of the…
Read moreIG Group hires Declan Bourke, former Head of UK at CMC Markets. LeapRate has learned that UK spreadbetting giant IG Group has opened an office in Dublin, Ireland. After IG's competitor CMC Markets closed down their Ireland office last year, IG Group took the opportunity to hire CMC's Ireland country manager Declan Bourke to open…
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…
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