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IG Group Holdings PLC on Wednesday outlined plans to set up a new Jersey-incorporated holding company to allow for greater ‘flexibility’, and noted an improvement in its first-half performance. The London-based online trading platform said it will remain a UK tax resident, with no change to its effective tax rate. It expects its London presence, headcount and existing listing to be unaffected. IG explained: ‘The new structure will give the group greater financial and strategic flexibility and better reflect its international footprint, with around two-thirds of revenue now generated outside the UK.’ It plans to implement the structure through a court-sanctioned scheme of arrangement, under which shareholders will exchange their ordinary shares in IG Group Holdings PLC for shares in the new holding company on a one-for-one basis. ‘IG Group Holdings PLC will become a sub-group of New HoldCo and remain the head of the FCA-supervised regulatory group,’ IG added. It will update shareholders on the timeline for these changes in the third quarter, with the scheme expected to take effect in the fourth quarter. ‘Also as an output of the strategic review, IG is streamlining its operating model,’ the company noted. The outcome of the review process, which includes reassessing listing venues and potential acquisitions, will be published in autumn of this year. Three regional branches - UK & Ireland, Europe, and APAC & Middle East - will merge into a single unit, led by Michael Healy, who will become chief executive of IG Consumer. Customer-facing technology teams, operations and Independent Reserve, as well as Freetrade, will all become part of this new unit. ‘North America and Institutional will continue as separate business units, led respectively by Michael Vaughan, who retains his role as CEO, IG North America, and Andy Biggs, who becomes CEO, IG Securities,’ IG added, with those changes expected to take effect in the second half, but reporting for the first half unaffected. IG is due to publish interim results on July 31. For the first half, it has estimated total revenue of £643 million, up 18% on-year, and organic revenue up 16% to £624 million. The company said it had continued to trade well in the second quarter and backed its full-year guidance. For 2026 as a whole, organic total revenue, excluding Freetrade and Independent Reserve, is expected to be 10 to 15% higher than the 2025 base of £1.10 billion. Earnings before interest, tax, depreciation and amortisation margins are expected to be in the mid-40s percentage range and net interest income is eyed from £110 million to £120 million. Beyond 2026, IG’s board is ‘confident’ in compounding organic total revenue by at least 10% per year, from the 2025 base, with Ebitda margins remaining in a mid-40s percentage range. IG Group shares fell 2.9% to 1,808.20 pence on Wednesday morning in London, having risen 68% over the past year. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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