19th Nov 2013 08:49
LONDON (Alliance News) - IG Group Holdings PLC Tuesday said it has traded "satisfactorily" through the second quarter of the year, despite markets being more subdued than in the first quarter, as revenues grew year-on-year in September and October.
IG Group, which provides trading platforms for financial spread betting and contracts for difference, said that revenue in the first two months of the second quarter was "slightly ahead of the year prior". IG said that the trading performance continued through to the middle of November.
Numis analyst James Hamilton said he wouldn't be moving his second-quarter forecast for IG Group, and expects the company to report second-quarter revenues of GBP92.0 million, compared to first-quarter revenues of GBP93.6 million.
IG Group is set to report its interim results on Tuesday, January 14, 2014.
IG Group shares were Tuesday quoted down 2.3% at 600.50 pence, though still up a third since the start of 2013.
By Samuel Agini; [email protected]; @samuelagini
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