IG Group reports slower rise in interim profit as market volatility eases


FILE PHOTO: Dealers work on the IG Group trading floor in London, Britain June 30, 2015. REUTERS/Neil Hall

(Reuters) - Online trading platform IG Group on Thursday reported a slower growth in half-yearly profit and said it added fewer new active clients than in the previous year, as market volatility spurred in part by the COVID-19 pandemic eased.

The London-listed firm posted a single-digit rise in pre-tax profit to 245.2 million pounds ($329.23 million) for the six months ended November 2021, compared with 227.8 million pounds a year earlier.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Disney, Warner Bros to offer streaming bundle of Disney+, Hulu and Max
Ascension warns of suspected cyberattack; clinical operations disrupted
Mexico's Megacable, Nokia announce successful data transmission test in connectivity plan
Airbnb forecasts weaker Q2 revenue despite robust demand for international travel
Arm's annual revenue forecast fails to impress investors; shares tumble
Bumble revenue beats estimates on paying users strength, shares jump
Microsoft to shut Africa development centre in Nigeria
Music streaming firms urge European Commission to reject Apple's proposal in App Store case
Nigeria rejects Binance CEO's bribery claim as 'diversionary tactic'
Legislative roadmap for AI is coming in weeks, Schumer says

Others Also Read