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Retail FX

IG Group's Earnings Take a Hit in Tough Market, Falling 32% in HY FY24

  • The company's numbers dropped amid a softer volatility, with a decline of 9% in total revenue.
  • However, the number of active and new customers shrank slightly, remaining near 2023's levels.
Thursday, 25/01/2024 | 07:38 GMT by Damian Chmiel
Executive Moves

IG Gets New Australia and New Zeland Unit CEO with an Internal Promotion

  • Matthew Davidson has been working for IG Group for about 19 years.
  • IG will onboard a new Group CEO later this month.
Tuesday, 16/01/2024 | 09:25 GMT by Arnab Shome
Executives

Eren Eraslan Assumes as Head of Northern Europe at IG

  • Previously, Eraslan led as Head of Germany and Austria at IG.
  • Earlier, the company appointed Breon Corcoran as its permanent Chief Executive Officer.
Friday, 05/01/2024 | 11:34 GMT by Tareq Sikder
Executive Moves

IG Prime Strengthens APAC Team by Hiring Andrew Wood from CMC

  • Wood has joined the Sydney offices of IG Prime.
  • He also held positions at CMC Markets, Saxo, and Deutsche Bank.
Monday, 18/12/2023 | 05:29 GMT by Arnab Shome
Executives

Breaking: IG Group Names Breon Corcoran as CEO

  • He will join the broker on 29 January 2024.
  • Previously, he headed WorldRemit and multiple online betting brands as a CEO.
Friday, 08/12/2023 | 07:22 GMT by Arnab Shome
Executives

Exclusive: IG's South Africa CEO Leaves amid Global Workforce Reduction

  • Robert van Eyden became the CEO of IG South Africa in mid-2022.
  • He has been replaced by Aphindile AB Bokleni who will continue as IG SA’s COO.
Monday, 04/12/2023 | 12:35 GMT by Arnab Shome
Retail FX

IG Group Launches £150 Million Share Buyback Tranche

  • This initiative is part of a larger share buyback program announced four months ago.
  • It is scheduled to be fully executed by the end of July 2024.
Tuesday, 07/11/2023 | 09:00 GMT by Damian Chmiel
Retail FX

Three IG Group Subsidiaries Report Mixed Results for Fiscal Year 2023

  • Profits reported by IG Markets and IG Index decreased slightly in FY23.
  • However, IG Trading and Investments reported a robust growth.
Tuesday, 31/10/2023 | 08:05 GMT by Damian Chmiel
Retail FX

Breaking: IG Group to Reduce 10% Staff Globally

  • The broker is aiming at a full run-rate cost savings of £50 million per year.
  • It came after a review of the company’s cost-efficiency opportunities.
Tuesday, 31/10/2023 | 07:12 GMT by Arnab Shome
Brokers

IG’s Q1 OTC Revenue Drops 8% despite Strong Interest Income

  • The broker generated £34.4 million in interest income alone.
  • Active clients on the platform declined to 267,000.
Thursday, 14/09/2023 | 06:52 GMT by Arnab Shome
Retail FX

IG Group's American Arm Joins FIA, Expands Its Global Trading Network

  • IG entered the US market in 2021 through the $1 Billion acquisition of tastyworks.
  • The group's revenue from its US operations surged 47% to £191.3M in FY23.
Wednesday, 30/08/2023 | 21:59 GMT by Solomon Oladipupo
Executives

CEO of IG Group, June Felix, Steps Down Due to Ill Health

  • She has been on medical leave since July.
  • The broker has initiated the search for a permanent CEO.
Tuesday, 29/08/2023 | 07:30 GMT by Arnab Shome
Retail FX

News Nuggets | 2 August: IG's Share Buyback; New Features on Fortex

  • Also, the partnership between Crossover Markets and Liquid Mercury.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 02/08/2023 | 10:47 GMT by Finance Magnates Staff
Brokers

IG Group Ends FY23 with Lower Trading Revenue, Expands Share Buyback

  • The trading revenue of the broker has declined 3 percent.
  • It allocated £250 million more to its share buyback program.
Thursday, 20/07/2023 | 07:21 GMT by Arnab Shome
Institutional FX

IG Group's CFO Temporarily Becomes the CEO

  • The group's CEO June Felix is going on medical leave.
  • IG will release the financial results for the fiscal year 2023 on July 20.
Monday, 03/07/2023 | 08:50 GMT by Jared Kirui
Retail FX

News Nuggets | 25 May: Gate.io in Hong Kong; CFI's New Office

  • Also, IG's caution against market volatility.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 25/05/2023 | 09:30 GMT by Finance Magnates Staff
Retail FX

News Nuggets | 11 May: Zenfinex, Trading 212 Executives; IG's Warning on TRY

  • Also, BIS on offline CBDC and crypto airdrop on eToro.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 11/05/2023 | 10:31 GMT by Finance Magnates Staff
Executives

IG Group Hires NatWest Group’s Adam Wheelwright as CTO

  • Wheelwright has previously worked with UKHSA, Nomura, Dresdner Kleinwort and UBS.
  • The executive's appointment comes a day after IG Group agreed to acquire Small Exchange.
Tuesday, 04/04/2023 | 13:00 GMT by Solomon Oladipupo
Retail FX

IG Group Acquires Small Exchange from Crypto.com’s Parent

  • The company previous sold its stake in Small Exchange for a return on investment.
  • However, the firm is now turning to the futures exchange to expand its US offerings.
Monday, 03/04/2023 | 19:52 GMT by Solomon Oladipupo
Retail FX

IG Group Expands Share Buyback Program with £50 Million Third Tranche

  • IG Group initiates the £50m third tranche of the share buyback program, extending to £200m.
  • The tranche runs from 3 April to 31 August, aiming to reduce share capital.
Monday, 03/04/2023 | 08:08 GMT by Damian Chmiel
Brokers

IG Closes Q3 with 18% OTC Derivatives Revenue Drop

  • Active clients of IG’s OTC products dropped by 8 percent.
  • The group is expecting to meet market expectations with FY23 revenue and profits.
Wednesday, 15/03/2023 | 07:55 GMT by Arnab Shome
Executive Moves

Martin Price Joins IG as Investor Relations Head

  • Price most recently worked at Jefferies’s equity research team.
  • He will join IG on 14 March.
Thursday, 09/03/2023 | 11:38 GMT by Arnab Shome
Retail FX

IG Sees 10% Revenue Jump in H1 FY23, Extends Share Buyback Program

  • Its basic earnings per share came in 5 percent lower.
  • The company allocated an additional £50 million to the share buyback program.
Thursday, 26/01/2023 | 08:19 GMT by Arnab Shome
Executives

Ramon Kaur Announces IG Group Departure

  • Her exit from IG Group was announced on LinkedIn.
  • Kaur had been with the IG Group since Feb 2017.
Friday, 06/01/2023 | 16:19 GMT by Finance Magnates Staff
Retail FX

LCG Enlists IG Group, to Engage Other ‘Industry-Leading Providers’

  • The move is part of "major changes" LCG's business is undergoing.
  • The firm recently created a new team to lead it on "a new growth journey."
Friday, 06/01/2023 | 16:16 GMT by Solomon Oladipupo
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