IG sees full-year earnings improve as its financial year ends today.
UK-headquartered IG Group Holdings Plc (IG), which operates global Online Trading brokerage businesses under its IG related brands, has today filed a trading update for its fourth quarter (Q4) with the London Stock Exchange (LSE), ahead of the start of its new financial year that begins tomorrow on June 1st 2016.
IG said that its performance during its Q4 period - which ends today on May 31st - had strong financial metrics across all key operating results which remained in line with its prior Q3 update, thanks to increased ROI for its marketing expenditures.
The company said it expected full-year earnings to be slightly ahead of forecast, as an increase in marketing spend is returning what it described as a compelling result, and with the ongoing robust performance coinciding with higher variable operating costs which were more than offset by the resulting trading revenues.
Financial results for IG’s full year including Q4 will be released on July 19th, 2016, and the company will hold a presentation for institutional investors at its London office on that day.
Recent share price momentum
Shares of the company in London traded under ticker IGG have continued to press up against the 800 pence (GPX) resistance line, with several breakouts above that level in the last year. It could soon turn into a support line with current prices hovering nearby around the time of publication today.
This follows the pullback from March's all-time-high near 820 GPX per share, thanks to periods of sharp bullish momentum for IG's stock price that has been followed by gradual periods of consolidation within a trading range down to nearly 700 pence, as seen in the chart below.
UK-headquartered IG Group Holdings Plc (IG), which operates global Online Trading brokerage businesses under its IG related brands, has today filed a trading update for its fourth quarter (Q4) with the London Stock Exchange (LSE), ahead of the start of its new financial year that begins tomorrow on June 1st 2016.
IG said that its performance during its Q4 period - which ends today on May 31st - had strong financial metrics across all key operating results which remained in line with its prior Q3 update, thanks to increased ROI for its marketing expenditures.
The company said it expected full-year earnings to be slightly ahead of forecast, as an increase in marketing spend is returning what it described as a compelling result, and with the ongoing robust performance coinciding with higher variable operating costs which were more than offset by the resulting trading revenues.
Financial results for IG’s full year including Q4 will be released on July 19th, 2016, and the company will hold a presentation for institutional investors at its London office on that day.
Recent share price momentum
Shares of the company in London traded under ticker IGG have continued to press up against the 800 pence (GPX) resistance line, with several breakouts above that level in the last year. It could soon turn into a support line with current prices hovering nearby around the time of publication today.
This follows the pullback from March's all-time-high near 820 GPX per share, thanks to periods of sharp bullish momentum for IG's stock price that has been followed by gradual periods of consolidation within a trading range down to nearly 700 pence, as seen in the chart below.
FCA Approval Expands Stratiphy's Retail Offerings with Customized Portfolios
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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