Trading platform IG (LON:IGG) saw shares rise on Tuesday morning, after reporting a record 10pc revenue increase for the six months to the end of November.
Revenue was boosted to £268.4 million over the period, with pre-tax profit up 29 percent to £136.2 million. Operating expenses, excluding variable remuneration, fell by 7 percent to £117.6 million, with the diluted EPS rising 30 percent to 29.3 pence.
The group said it had taken action to ensure it remains competitive in the “more restrictive regulatory environment” heading into 2018, adding that the financial impact of the mooted ban on binary options and restrictions on CFDs was not likely to be significant in the current financial year.
Peter Hetherington, Chief Executive, said:
“As the industry leader, the Company is well placed to respond to regulatory change. The Company will continue to engage fully with regulators, to seek to achieve the best possible outcomes for current and future clients of this industry, and the greatest long term value for shareholders.”
Shares in IG Group are currently up 2.50 percent at 803.10 (0820GMT).
