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IG sees higher trading first-half revenue as active clients jump
StockMarketWire.com
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Online trading platform IG said it expected to report higher first-half trading revenue following a material increase in active clients.
Net trading revenue for the first six months of the current financial year was expected to be around £416 million, up from £249.9 million last year.
Following a very strong first quarter, the group performed at comparable levels in the second quarter, generating revenue of around £207 million, up from £120.8 million year-on-year.
Its active client base grew to 207,000 clients in the quarter from 133,800 last year.
Story provided by StockMarketWire.com
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