Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,877.18
    +1,385.30 (+2.74%)
     

  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

IG Group predicts profit slump as markets, regulation bite

Reuters - UK Focus

May 22 (Reuters) - Online financial trading platform IG Group Holdings Plc on Wednesday forecast a sharp fall in full-year net trading revenue and operating profit, saying it was continuing to suffer from low levels of financial market volatility.

The mid-cap company said it expected full-year net trading revenue would fall 17 percent to around 475 million pounds ($603.06 million) from 569 million last year, while operating profit would sink to 190 million pounds from 281 million pounds.

IG and other online traders have been battling an erosion of their client bases due to a clampdown in Britain and the European Union on financial betting.

It said in a separate statement that it expects revenue to jump 30% in fiscal 2022 compared to the current year as it laid out an update to its strategy. ($1 = 0.7876 pounds) (Reporting by Muvija M in Bengaluru; editing by Patrick Graham)