The broker launches £75 million share buyback, the first part of a new program.
The repurchase aims to reduce share capital and is set to complete by October 31.
IG Group
Holdings (LSE: IGG) announced today (Monday) the commencement of a £75 million
share repurchase program. This marks the first tranche of its previously declared
£150 million buyback initiative.
IG Group Initiates New £75
Million Share Buyback Program
The
London-based firm has engaged Morgan Stanley & Co. International Plc to
execute the initial phase of the buyback, which is set to begin on August 12,
2024, and is expected to conclude by October 31, 2024. This move follows IG
Group's July 25 announcement of
its intention to repurchase up to £150 million worth of shares.
The company
outlines the buyback's sole purpose as reducing share capital. The program will
operate within the parameters set by the authority granted to IG Group's Board
at its annual general meeting in September 2023. Under this authority, the
company is permitted to repurchase a maximum of 19,990,397 shares during the
first tranche.
The company
announced its intention to initiate a new buyback program from the market along
with its fiscal year 2024 results, which concluded on May 31. Its pre-tax
profit stood at £400.8 million, marking an 11% decrease from the previous year,
while the adjusted earnings fell by 7% to £456.3 million. After accounting for
taxes, the firm recorded a profit of £307.7 million, down 15%, with the
adjusted profit dropping 12% to £350.3 million.
Breon Corcoran, the CEO of IG Group
“I’ve...
identified areas requiring change,” stated Breon Corcoran. “We have lots of
work to do to take IG to the next level and address the challenges we face.”
Headquartered
in London, the company reported a total annual revenue of £987.3 million,
reflecting a 3% year-over-year decline. The broker also saw its annual net
trading revenue decrease by 10% to £844.9 million, attributed to diminished
trading activities. The report noted a decrease in total active clients on its
platform to 346,200 from 358,300, driven by less volatile market conditions.
Additionally, the company welcomed 69,900 new traders, a decrease of 4%.
The
previous share buyback program of the same size began at the end of 2023 and
lasted until the end of July 2024. Following the successful buyback of £150
million shares, IG decided to launch another program of exactly the same size.
IG’s Executive Updates
Chris Old
recently embarked on his role as the Head of Organic Growth at IG Group, a
position he announced via LinkedIn last month. Old has been a part of IG Group
for over six years, occupying various roles. His journey with the company
started in 2021 as the SEO Manager for the UK, after which he progressed to SEO
Manager for EMEA and then to SEO Lead for IG.com before attaining his current
position. His prior experiences include roles at Truly Experiences Ltd and
Cancer Research UK, enhancing his profile in the industry.
Meanwhile,
Tomas Ausra has transitioned from his role as Global Institutional Marketing
Manager to become the Head of Marketing at IG Prime, the institutional arm of
IG Group. Ausra has been with the company for nearly five years and will now
oversee global brand marketing efforts for IG Prime. His key responsibilities
will involve enhancing brand visibility, crafting marketing strategies, and
driving profitability.
Additionally,
Charlie Rozes announced in July that he is set to become the CFO &
Executive Director of BMS Group starting in November 2024. Rozes, who is
currently based in London, will report directly to BMS Group CEO, Nick Cook. He
will be succeeding Nick Moss upon his retirement. Rozes has previously held the
position of Chief Financial Officer & Executive Director at IG Group since
June 2020, where he spearheaded strategic initiatives that expanded the
company's reach as a global multi-asset class online trading platform and
digital content provider.
IG Group
Holdings (LSE: IGG) announced today (Monday) the commencement of a £75 million
share repurchase program. This marks the first tranche of its previously declared
£150 million buyback initiative.
IG Group Initiates New £75
Million Share Buyback Program
The
London-based firm has engaged Morgan Stanley & Co. International Plc to
execute the initial phase of the buyback, which is set to begin on August 12,
2024, and is expected to conclude by October 31, 2024. This move follows IG
Group's July 25 announcement of
its intention to repurchase up to £150 million worth of shares.
The company
outlines the buyback's sole purpose as reducing share capital. The program will
operate within the parameters set by the authority granted to IG Group's Board
at its annual general meeting in September 2023. Under this authority, the
company is permitted to repurchase a maximum of 19,990,397 shares during the
first tranche.
The company
announced its intention to initiate a new buyback program from the market along
with its fiscal year 2024 results, which concluded on May 31. Its pre-tax
profit stood at £400.8 million, marking an 11% decrease from the previous year,
while the adjusted earnings fell by 7% to £456.3 million. After accounting for
taxes, the firm recorded a profit of £307.7 million, down 15%, with the
adjusted profit dropping 12% to £350.3 million.
Breon Corcoran, the CEO of IG Group
“I’ve...
identified areas requiring change,” stated Breon Corcoran. “We have lots of
work to do to take IG to the next level and address the challenges we face.”
Headquartered
in London, the company reported a total annual revenue of £987.3 million,
reflecting a 3% year-over-year decline. The broker also saw its annual net
trading revenue decrease by 10% to £844.9 million, attributed to diminished
trading activities. The report noted a decrease in total active clients on its
platform to 346,200 from 358,300, driven by less volatile market conditions.
Additionally, the company welcomed 69,900 new traders, a decrease of 4%.
The
previous share buyback program of the same size began at the end of 2023 and
lasted until the end of July 2024. Following the successful buyback of £150
million shares, IG decided to launch another program of exactly the same size.
IG’s Executive Updates
Chris Old
recently embarked on his role as the Head of Organic Growth at IG Group, a
position he announced via LinkedIn last month. Old has been a part of IG Group
for over six years, occupying various roles. His journey with the company
started in 2021 as the SEO Manager for the UK, after which he progressed to SEO
Manager for EMEA and then to SEO Lead for IG.com before attaining his current
position. His prior experiences include roles at Truly Experiences Ltd and
Cancer Research UK, enhancing his profile in the industry.
Meanwhile,
Tomas Ausra has transitioned from his role as Global Institutional Marketing
Manager to become the Head of Marketing at IG Prime, the institutional arm of
IG Group. Ausra has been with the company for nearly five years and will now
oversee global brand marketing efforts for IG Prime. His key responsibilities
will involve enhancing brand visibility, crafting marketing strategies, and
driving profitability.
Additionally,
Charlie Rozes announced in July that he is set to become the CFO &
Executive Director of BMS Group starting in November 2024. Rozes, who is
currently based in London, will report directly to BMS Group CEO, Nick Cook. He
will be succeeding Nick Moss upon his retirement. Rozes has previously held the
position of Chief Financial Officer & Executive Director at IG Group since
June 2020, where he spearheaded strategic initiatives that expanded the
company's reach as a global multi-asset class online trading platform and
digital content provider.
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.
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Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
