Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Thursday, 5th December. Please refresh for updates.
Spread-better IG Group (LON:IGG) said it expects net revenue in the first half of its fiscal year to have been flat at 250 million pounds ($328 million), which translates into a modest underlying gain given that the comparable period included a period of two months before new European regulations hit its core spread=betting business.
Revenue from core markets fell an estimated 6% due to the same factors.
On a brighter note, IG said it served 4% more clients on average. IT also said revenue from “businesses identified as significant opportunities” rose 43% to 40 million pounds, helped by “promising” uptake for its new turbo24 service in Europe, which has attracted 700 clients in less than two months since launching.