The capital will provide flexibility to the broker for future profit distributions or share buybacks.
It has an ongoing £200 million share buyback programme, which is expected to end next month.
IG Group (LON: IGG) has carried out a capital reduction, an accounting move that reshuffles money already held in the company’s equity accounts. The process was finalised after the UK High Court approved the plan, following a green light from shareholders.
Hundreds of Millions of Pounds Unlocked
Announced today (Friday), the company trimmed three reserves: it released £300 million by briefly creating and then cancelling a new class of “New Deferred Shares”, reduced an additional £125.7 million from the share premium account, and also cut down the capital redemption reserve by £3,501.
IG Group is a London-listed company, and UK law ring-fences certain reserves; they cannot be paid out as dividends or used for buybacks until unlocked.
By shifting the amounts above into “distributable profits”, IG gains extra room to pay larger or more regular dividends, continue or expand share buyback programmes, or carry out other actions in favour of shareholders, all without raising new capital.
In an earlier circular, IG also confirmed that it would use the capital for “the flexibility to make future distributions of profits in cash or in specie and/or to make purchases of its own shares.”
There is also a chance that IG might buy other brands. Earlier this year, the London broker bought the entirety of Freetrade, a retail trading platform, paying £160 million in cash. The deal, however, drew some criticism from Freetrade’s early investors.
Returning Value to Shareholders
The company is also using its available cash to buy back its shares. It has an ongoing £200 million share buyback programme, which was launched in July last year and topped up in January 2025.
The London-listed broker also completed two other buyback programmes with headline amounts of £150 million and £250 million, respectively.
Meanwhile, IG is expected to close the ongoing fiscal year 2025 with revenue and adjusted profit that “meet or slightly exceed the upper end of the current range” of market expectations. It said it has “performed strongly in Q4 FY25 as elevated volatility across a range of asset classes, particularly in April, has resulted in higher levels of client trading activity than expected in typical market conditions.”
In the first quarter of FY25, which spanned June to August 2024, IG generated £278.9 million in revenue, a 15 per cent year-on-year increase. In Q2 and Q3, the company brought in £243.6 million and £268.0 million, respectively.
IG Group (LON: IGG) has carried out a capital reduction, an accounting move that reshuffles money already held in the company’s equity accounts. The process was finalised after the UK High Court approved the plan, following a green light from shareholders.
Hundreds of Millions of Pounds Unlocked
Announced today (Friday), the company trimmed three reserves: it released £300 million by briefly creating and then cancelling a new class of “New Deferred Shares”, reduced an additional £125.7 million from the share premium account, and also cut down the capital redemption reserve by £3,501.
IG Group is a London-listed company, and UK law ring-fences certain reserves; they cannot be paid out as dividends or used for buybacks until unlocked.
By shifting the amounts above into “distributable profits”, IG gains extra room to pay larger or more regular dividends, continue or expand share buyback programmes, or carry out other actions in favour of shareholders, all without raising new capital.
In an earlier circular, IG also confirmed that it would use the capital for “the flexibility to make future distributions of profits in cash or in specie and/or to make purchases of its own shares.”
There is also a chance that IG might buy other brands. Earlier this year, the London broker bought the entirety of Freetrade, a retail trading platform, paying £160 million in cash. The deal, however, drew some criticism from Freetrade’s early investors.
Returning Value to Shareholders
The company is also using its available cash to buy back its shares. It has an ongoing £200 million share buyback programme, which was launched in July last year and topped up in January 2025.
The London-listed broker also completed two other buyback programmes with headline amounts of £150 million and £250 million, respectively.
Meanwhile, IG is expected to close the ongoing fiscal year 2025 with revenue and adjusted profit that “meet or slightly exceed the upper end of the current range” of market expectations. It said it has “performed strongly in Q4 FY25 as elevated volatility across a range of asset classes, particularly in April, has resulted in higher levels of client trading activity than expected in typical market conditions.”
In the first quarter of FY25, which spanned June to August 2024, IG generated £278.9 million in revenue, a 15 per cent year-on-year increase. In Q2 and Q3, the company brought in £243.6 million and £268.0 million, respectively.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
