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LCG Spread Betting and CFDs Revenue down 7% YoY, Sabet Turned CEO
- Alongside its final results statement released this morning, London Capital Group announced a change to the board of directors. Charles-Henri Sabet, currently executive chairman, will assume the role of Group CEO.
Wednesday, 25/03/2015 | 10:01 GMT by
Avi Mizrahi
Saxo Bank Migrates Its Spread Bet Offering over to Capital Spreads, LCG
- Danish financial services provider, Saxo Bank, is withdrawing its spread betting product for UK and Irish customers, the firm will transfer the business over to Capital Spreads, a trading name of LCG.
Friday, 20/03/2015 | 19:58 GMT by
Adil Siddiqui
London Capital Undergoes Restructuring - New Dedicated Website for MT4
- UK-based brokerage firm LCG has devised a new dedicated website for its MetaTrader 4 business. The new portal replaces the firm’s signature FX offering as Forex Magnates reports the closure of its prime-of-prime unit.
Wednesday, 11/02/2015 | 22:48 GMT by
Adil Siddiqui
Swiss Franc After-Effects Still in the Air, LCG Assesses Prime of Prime Solution
- Listed multi-asset currency and CFD provider, London Capital Group, is reviewing its prime of prime offering to institutional clients, according to Forex Magnates' sources. The review comes on the back of risk assessments across the industry.
Friday, 06/02/2015 | 18:57 GMT by
Adil Siddiqui
LCG Q3 Interim Statement: 2014 Revenues down 29.5% as Broker Looks Ahead
- Is the glass half empty or half full at London Capital Group? In their just issued Interim Management Statement, the broker reported poor revenues for 2014 but that restructuring has them fit for the future.
Wednesday, 22/10/2014 | 07:13 GMT by
Ron Finberg
Who Got Banned in Australia and How Many Traders Lost? Read Our Best Stories of the Week
- Forex Magnates spotlights the recent industry’s news you must know all about this week, from a global broker changing its pricing model in a couple of countries to a British CFD broker gaining a license in Cyprus.
Sunday, 19/10/2014 | 09:24 GMT by
Avi Mizrahi
Exclusive: London Capital Group Holdings Details Its Market Share Expansion Plans
- Forex Magnates reporters spoke exclusively with LCG’s new Executive Chairman, Charles-Henri Sabet, and the company’s new Head of Sales and Trading, Francois Nembrini, about the new market niche on which LCG is focusing.
Monday, 13/10/2014 | 10:16 GMT by
Victor Golovtchenko
Who Jumped from FXCM to LCG and Which Platform Added CFDs? Read Our Best Stories of the Week
- Forex Magnates spotlights the recent industry’s news you must know all about, from one major broker dumping its own social trading offering to another major broker becoming a CFDs liquidity provider and more.
Sunday, 12/10/2014 | 09:11 GMT by
Avi Mizrahi
LCG Appoints Francois Nembrini as Global Head of Sales, Trading
- The FX industry has seen its personnel groups wax and wane in 2014, with London Capital Group (LCG) being no exception – the firm has appointed Francois Nembrini as its newest Global Head of Sales and Trading.
Monday, 06/10/2014 | 12:40 GMT by
Jeff Patterson
LCG Exodus Ends as Francois Nembrini Joins to Become Head of Sales and Trading
- Leaving FXCM after twelve years at the broker, Francois Nembrini joins London Capital Group to become its new Global Head of Sales and Trading as the broker is in the middle of a corporate restructuring.
Monday, 06/10/2014 | 08:30 GMT by
Ron Finberg
Exclusive: Head of FX & Director Gavin Foster Parts Ways with LCG
- Gavin Foster, the longtime FX Head and Director of London Capital Group (LCG) has reportedly parted ways with the firm in an abrupt move – his departure was confirmed by a person close to the matter.
Friday, 03/10/2014 | 00:04 GMT by
Jeff Patterson
LCG Proposes Software Deal with New Executive Chairman’s Algoweb Platform
Monday, 15/09/2014 | 07:56 GMT by
Ron Finberg
Ex-Citi FX Head, Rohan Ramchandani Heads to LCG Despite Investigation
- Ex-Citigroup FX Head Rohan Ramchandani, the first individual fired during a global string of probes for FX manipulation has just been appointed as Chief Advisor for FX Spot and Risk Management at London Capital Group (LCG).
Friday, 12/09/2014 | 00:01 GMT by
Jeff Patterson
FCA Gives Green Light on Sabet’s GLIO Financing of London Capital Group
Thursday, 14/08/2014 | 16:02 GMT by
Ron Finberg
LCG Holdings H1 Trading Update: Revenue Lower by 40% YoY and 4% QoQ
- After the deal with GLIO Holdings has concluded, LCG Holdings plc is building a balance sheet to finance its expansion into new markets and develop new product offerings, as shares are trading lower by 27% YTD.
Thursday, 17/07/2014 | 07:17 GMT by
Victor Golovtchenko
London Capital Group's Board Accepts Financing Proposal by GLIO Holdings
- LCG's board has accepted the proposed financing offer for up to £17.5 million made by GLIO Holdings headed by Charles-Henry Sabet, shares of the company are trading lower by 3.08% in London, in very thin trading.
Thursday, 03/07/2014 | 10:19 GMT by
Victor Golovtchenko
Spreadex Making a Move for London Capital Group, Discusses All-Cash Offer
- Coming public with the proposed bid, Spreadex has confirmed that they have had discussions with London Capital Group (LCG) for the acquisition of the firm, proposing 30p per share which was rejected by LCG's board.
Wednesday, 02/07/2014 | 14:32 GMT by
Ron Finberg
Taking the Sure Bet, London Capital Group Board Recommends Financing
- With voting slated tomorrow for LCG shareholders to decide whether to accept the proposed £17.5M financing from Charles-Henri Sabet led GLIO Holdings, the board has issued a statement that it continues to back the deal.
Wednesday, 02/07/2014 | 13:47 GMT by
Ron Finberg
LCG Intends to Raise up to £17,500,000 through Proposed Financing
- An investment company named GLIO Holdings led by Charles Henri Sabet has committed to subscribe to convertible loan notes totalling to between £12.5 and £15 million, Mr. Sabet is to be appointed as Executive Chairman.
Tuesday, 17/06/2014 | 21:20 GMT by
Victor Golovtchenko
LCG's Price Markets Launches Solid FX's Platform, Selected Due to "Near Zero Latency"
- London Capital Group is considered a possible candidate to fill the hole left in the FX prime brokerage market caused by Rabobank’s recent exit and by teaming with Solid FX it expands its selection of ECNs.
Thursday, 05/06/2014 | 11:44 GMT by
Avi Mizrahi
LCG March Volumes Muted, Q1 Revenue of £4.7M, Migration of Capital Spreads Successful
- London Capital Group trading update for Q1 2014 shows March volumes had decreased over the prior two month period, and LCG said it finished the transfer of white-labels to its new core trading platform.
Friday, 02/05/2014 | 07:07 GMT by
Steven Hatzakis
LCGH Reports 2013 Full Year Results: Full Year Loss Widens to $8 Million
- The company’s CFD business is consolidating, while institutional FX volumes drop sharply lower as competition in the space has briskly intensified throughout the year, average trades per day down 12%.
Tuesday, 01/04/2014 | 07:55 GMT by
Victor Golovtchenko
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