24th Jan 2017 12:17
LONDON (Alliance News) - IG Group Holdings PLC Tuesday said Chief Executive Officer Peter Hetherington bought GBP1.1 million worth of stock in the online spread better.
Hetherington bought 200,000 shares at 549.6 pence each on Tuesday. IG didn't state Hetherington's total stake in the company following the purchase.
IG on Tuesday said it does not expect any impact from regulatory changes in its current financial year, as it reported a rise in profit in the first half.
FTSE 250-listed IG said pretax profit rose 6.7% to GBP105.2 million in the six months ended November 30 from GBP98.6 million a year before.
The company also said that despite a wave of regulatory reform around the offering of contract for difference and spread betting style products, it does not expect any hit to its current year performance.
Shares in IG were down 2.0% at 531.50p on Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2017 Alliance News Limited. All Rights Reserved.
Related Shares:
IG