Advertisement
UK markets open in 7 hours 24 minutes
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.80
    -0.01 (-0.01%)
     
  • GOLD FUTURES

    2,328.30
    -10.10 (-0.43%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,503.16
    -1,804.44 (-3.38%)
     
  • CMC Crypto 200

    1,387.44
    -36.66 (-2.57%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

British online trading firm IG reports rise in annual profit

July 18 (Reuters) - British online financial trading company IG Group Holdings Plc said on Tuesday that full-year pretax profit rose 3 percent, beating analysts' estimates.

The company, which provides online stockbroking and trading services to retail investors, said it had made "good progress" in getting regulatory approval for a subsidiary based in the European Union as it prepares for Britain's exit from the bloc.

IG Group, founded in 1974 as the world's first spread-betting firm, did not say where its EU subsidiary would be.

The company also said it was in the early stages of exploring further opportunities outside the EU.

IG (Frankfurt: A0EARV - news) reported a 3 percent in pretax profit for the year ended May to 213.7 million pounds ($280 million), beating company compiled consensus estimates of 211.7 million pounds, based on 5 analysts, in a year it called one of the least volatile in financial markets for decades. ($1 = 0.7632 pounds) (Reporting by Noor Zainab Hussain in Bengaluru, editing by Louise Heavens)