2nd Dec 2005 07:00
IG Group Holdings plc02 December 2005 2 December 2005 IG GROUP HOLDINGS PLC Pre-close Trading Update IG Group Holdings plc ("IG" or "the Group") issues the following trading updaterelating to the six-month period ended 30 November 2005: Since the Group's last trading update the Group has continued to experiencestrong volumes. For the six-month period all areas of the business havedelivered growth. The Board remains confident of the Group's prospects for thecurrent year. The Group's largest division remains its UK financial operation which hasachieved strong growth, driven primarily by continued high levels of clientrecruitment. The Group's Australian business continues to demonstrate rapid growth. TheGroup's next overseas office will be in Singapore with the launch of asubsidiary offering contracts for differences and foreign exchange trading.Authorisation from the Monetary Authority of Singapore is expected to bereceived in January 2006, when trading is planned to commence. This office isunlikely to contribute materially to the profits of the current year, but is animportant step in establishing a presence in Asia and broadening IG'sinternational reach. The Group continues to develop its unregulated product range including asimplified form of binary betting specifically designed for the sports market.This is planned to launch in the final quarter of the financial year. As previously indicated, the Group's interim results for the six months to 30November 2005 will be prepared in accordance with International FinancialReporting Standards. The Group's interim results for the six months ended 30 November 2005 will beannounced on Monday 23 January 2006. There will be a presentation for analystsat 9.30am at the offices of Financial Dynamics, Holborn Gate, 26 SouthamptonBuildings, London WC2A 1PB. A recording of that presentation will be madeavailable following the meeting on the Group's web site at www.iggroup.com. For further information please contact: IG Group 020 7896 0011Nat le Roux, Chief ExecutiveTim Howkins, Finance Director Financial Dynamics 020 7269 7200Robert BailhacheDominick Peasley www.iggroup.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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