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.

($1 = 0.7448 pounds)

(Reporting by Sinchita Mitra in Bengaluru; Editing by Subhranshu Sahu)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Tech News

Sberbank's online banking operations compatible with Russian-made system
Exclusive-Russian hackers are linked to new Brexit leak website, Google says
Berlusconi-backed MFE sticks to targets despite tough start to year
Russia's VK launches RuStore for apps after exit of Western alternatives
Russia will start a pilot project for 'digital' rouble from April - cbank
Norwegian software venture targets rising cyber attack risks
China’s digital yuan goes to school with student card that gives parents control over spending
Police officer to be suspended for allegedly taking upskirt video of woman in Hong Kong’s financial district
Twitter to hold annual meeting amid Musk uncertainty
Apple spent millions, but it couldn’t pull these San Jose residents out of homelessness

Others Also Read