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IN BRIEF: IG Group changes financial year end to align with calendar

ALN

IG Group Holdings PLC - London-based provider of online trading platforms, including for shares and contracts-for-difference - Board approves change to its financial year, which will now end on December 31 instead of May 31. IG says the move is ‘aligning IG’s reporting calendar with common market practice’. Expects to publish final full-year results for the year ending December 31 in March, followed by interim results in August. Also in March, it will publish final results for the seven months ending December 31 and a trading update for the three months ending February 28. Quarterly trading updates for the periods ending on March 31 and September 30 should come out in April and October, respectively.

IG furthermore intends to announce, alongside the final results in March, a final dividend for the above-mentioned ‘transitional seven-month period’. This will be in line with the company’s unchanged dividend policy.

Current stock price: 1,107.00 pence, down 1.8% in London on Tuesday

12-month change: up 24%

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