IG Group Launches £125 Million Share Buyback Program

Thursday, 04/09/2025 | 06:19 GMT by Damian Chmiel
  • The London-based trading platform operator begins purchasing shares through Morgan Stanley.
  • It expects to complete the program by January 2026, and will hold purchased shares in treasury.
IG Group

IG Group (LSE: IGG) has started a new £125 million share buyback program, appointing Morgan Stanley as the executing broker for the multi-month initiative.

The FTSE 250 company announced the program in July and confirmed today (Thursday) that Morgan Stanley will handle purchases according to predetermined parameters. The buyback aims solely to reduce IG Group's share capital, with all purchased shares moving into treasury rather than being canceled.

IG Group expects the program to wrap up by January 30, 2026, though completion depends on share price movements and other capital requirements. The company authorized the buyback at its September 2024 annual meeting, with 23.8 million shares remaining available for purchase under current board authority.

It is worth noting that this is not IG’s first share buyback. The company launched a similar program valued at £150 million last year and added another £50 million at the beginning of 2025.

IG Group Schedules Quarterly Update

IG Group plans to release its first-quarter fiscal 2026 trading update on September 25, which could provide insight into business performance and the rationale behind the timing of the buyback program.

We last saw the company’s report at the end of July, when it published results for the 2025 fiscal year, showing revenues of more than £1.07 billion. IG reported that its organic fixed cost to serve per customer declined by 7% during the year, reflecting efficiency measures. The broker also introduced steps to strengthen income retention in its OTC business by capturing more spread revenue and lowering hedging expenses.

Breon Corcoran, the CEO of IG Group
Breon Corcoran, CEO of IG Group

“We expect these initiatives to deliver stronger customer income retention over the medium to long term and increase short-term variability,” said IG’s CEO, Breon Corcoran.

Three major subsidiaries of the UK-based financial services group IG also reported stronger profits in fiscal year 2025, signaling a rebound from the mixed performance of the previous year.

According to Finance Magnates Intelligence, the CEO of IG Group was the second-highest-paid executive among all publicly listed contracts-for-differences (CFD) brokers, with total compensation of about £3.35 million ($4.46 million) in fiscal year 2025. By comparison, CMC Markets’ Lord Peter Cruddas earned £1.1 million ($1.5 million), while Plus500’s David Zruia received $4.97 million.

IG Group (LSE: IGG) has started a new £125 million share buyback program, appointing Morgan Stanley as the executing broker for the multi-month initiative.

The FTSE 250 company announced the program in July and confirmed today (Thursday) that Morgan Stanley will handle purchases according to predetermined parameters. The buyback aims solely to reduce IG Group's share capital, with all purchased shares moving into treasury rather than being canceled.

IG Group expects the program to wrap up by January 30, 2026, though completion depends on share price movements and other capital requirements. The company authorized the buyback at its September 2024 annual meeting, with 23.8 million shares remaining available for purchase under current board authority.

It is worth noting that this is not IG’s first share buyback. The company launched a similar program valued at £150 million last year and added another £50 million at the beginning of 2025.

IG Group Schedules Quarterly Update

IG Group plans to release its first-quarter fiscal 2026 trading update on September 25, which could provide insight into business performance and the rationale behind the timing of the buyback program.

We last saw the company’s report at the end of July, when it published results for the 2025 fiscal year, showing revenues of more than £1.07 billion. IG reported that its organic fixed cost to serve per customer declined by 7% during the year, reflecting efficiency measures. The broker also introduced steps to strengthen income retention in its OTC business by capturing more spread revenue and lowering hedging expenses.

Breon Corcoran, the CEO of IG Group
Breon Corcoran, CEO of IG Group

“We expect these initiatives to deliver stronger customer income retention over the medium to long term and increase short-term variability,” said IG’s CEO, Breon Corcoran.

Three major subsidiaries of the UK-based financial services group IG also reported stronger profits in fiscal year 2025, signaling a rebound from the mixed performance of the previous year.

According to Finance Magnates Intelligence, the CEO of IG Group was the second-highest-paid executive among all publicly listed contracts-for-differences (CFD) brokers, with total compensation of about £3.35 million ($4.46 million) in fiscal year 2025. By comparison, CMC Markets’ Lord Peter Cruddas earned £1.1 million ($1.5 million), while Plus500’s David Zruia received $4.97 million.

About the Author: Damian Chmiel
Damian Chmiel
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About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 3065 Articles
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