|Bid||790.00 x 69200|
|Ask||791.00 x 40700|
|Day's Range||788.50 - 792.00|
|52 Week Range||520.00 - 868.50|
|PE Ratio (TTM)||15.02|
|Forward Dividend & Yield||0.33 (3.96%)|
|1y Target Est||N/A|
European shares surged on Tuesday on incipient signs of a detente in trade rhetoric between Washington and Beijing, while French supermarket Casino was boosted by a grocery delivery partnership with Amazon. European markets took their cue from a robust rebound on Wall Street that ran into its second day on Tuesday after reports the United States and China were negotiating to avert a trade war. "The volatility that we're seeing in markets reflects those who were initially fearful of the headlines, and those that see opportunities within that," said Chris Dyer, director of global equity at Eaton Vance.
The European Securities and Markets Authority (ESMA)said on Tuesday it was prohibiting the marketing, distribution and sale of binary options to retail investors, while its restrictions on CFDs would affect the marketing, sale and distribution of them. Binary options and CFDs are financial products that give an investor exposure to price movements in securities without actually owning the underlying assets such as a currency, commodity or stock.
IG, which provides online stockbroking and trading services to retail investors, said net trading revenue rose to 152.9 million pounds in the quarter ended Feb. 28, from 117.4 million pounds a year earlier. Despite facing uncertainty from proposed regulation on these products, IG Group and rivals Plus500 (PLUSP.L) and CMC Markets (CMCX.L) have all reported healthy revenue growth as they signed up record numbers of customers last year, partly due to the bitcoin boom. Global regulators are cracking down on the fast-growing 3.5 billion pound ($4.9 billion) spread-betting industry in which most retail investors lose money.
After reading IG Group Holdings plc’s (LSE:IGG) most recent earnings announcement (30 November 2017), I found it useful to look back at how the company has performed in the pastRead More...
Plus500, a rival to IG Group (IGG.L) and CMC Markets (CMCX.L), forecast 2018 revenue "significantly ahead" of market expectations and said a regulatory crackdown on spreadbetting in Europe was unlikely to hurt its business. Retail customers use its platform to trade contracts for differences (CFDs) and Chief Executive Asaf Elimelech said that about 15 percent of the company's overall revenue in 2017 derived from cryptocurrency CFDs trading.
Financial spreadbetters targeting retail customers should be licensed to stop them exploiting gaps in cross-border rules and preying on inexperienced investors, global regulators proposed on Tuesday. The International Organization of Securities Commissions (IOSCO) proposed a coordinated crackdown on sales of rolling-spot forex contracts, contracts-for-difference (CFDs) and binary options. Such products can be used to bet on moves in currencies, interest rates and other market prices, and are usually sold through online trading platforms without advice, and with most retain investors losing money, IOSCO said.
The global market turmoil of the past week has shone a light on complex trading instruments listed in the United States and Europe - a number of which have been taken off the market - which some investors blame for the scale of the disruption. Monday's stock sell-off triggered the biggest rise ever in S&P 500 volatility (.VIX) futures, forcing Credit Suisse and Nomura to close down products that enable investors to short the VIX after they posted massive losses. The VIX itself measures market expectations of how choppy the S&P 500 (.SPX) might be over the coming month.
British online trading platforms signed up record numbers of customers last year, partly on the back of the bitcoin boom, even though regulators issued repeated demands for the industry to do more to warn customers of the risks. For now, few investors seem ready to bet that regulators will turn words into the kind of actions that would endanger the industry's stellar growth. The platforms, known as spreadbetters, offer products called contracts For difference (CFDs) that allow clients, in some cases, to speculate on minute swings in stocks and cryptocurrencies such as bitcoin – a practice likened by one fund manager to betting on horseracing.
By Danilo Masoni and Julien Ponthus LONDON (Reuters) - European shares pulled back on Wednesday, with most sectors except rate-sensitive banks in the red as concerns grew over the direction of the bond ...
By Kit Rees and Helen Reid LONDON (Reuters) - A rise in banks and oil stocks boosted the UK's top share index to a fresh record on Wednesday as climbing bond yields supported financials across Europe. ...
"There is a high risk that firms across the sector are not meeting our rules and expectations when providing and distributing CFDs," the Financial Conduct Authority (FCA) said following a year-long review of the industry. The majority of retail customers who bought CFD products lost money, the FCA said after assessing firms that provide CFDs to intermediaries who in turn distribute them to retail consumers on either an advisory or discretionary basis.
Plus500 shares, which rose 130 percent in 2017, were up 18.5 percent at 1045 pence at 0836 GMT. The company, which provides an online trading platform for retail customers to trade contracts for differences (CFDs), achieved strong volumes in crypto currency CFDs, it said. Plus500 also said results were helped by rising customer numbers and strong trading, which continued through to the year end.
By Julien Ponthus LONDON (Reuters) - UK shares edged up slightly on Tuesday with Anglo-South African financial services group Old Mutual leading the index after it sold its Buxton UK wealth business for ...
UK shares rose on Monday at a slightly lower pace than European peers as a global wave of optimism over a U.S. tax bill and the prospect of a coalition to rule Germany lifted stocks and led the MSCI all-country world index to new record highs. The FTSE 100 (.FTSE) was up 0.6 percent, restrained by a rising pound, while the pan-European STOXX 600 (.STOXX) rose by twice as much, up 1.2 percent. A strong currency typically cuts revenues for the international companies that dominate the FTSE 100 and do much of their business outside the UK.
European shares rose on Monday, buoyed by a flurry of year-end M&A and expectations that a U.S. bill lowering corporate taxes could soon pass. "The prospect of tax cuts being approved ahead of Christmas is propping up global stock markets," said CMC Markets analyst David Madden. SocGen says the market has already priced in the benefits but believes there might be a case for rotating stocks.
Shares in leading British spread-betting firms sank on Monday after the European Union's securities watchdog said it may curb core parts of their market under sweeping new product powers from January. The European Securities and Markets Authority (ESMA) said late on Friday it was considering prohibiting the marketing, distribution or sale of binary options to retail clients, and restrict the marketing, distribution or sale to retail clients of contracts for differences, or CFDs, including rolling spot forex. Shares in IG Group (IGG.L), CMC Markets (CMCX.L) and Plus 500 (PLUSP.L) were down between 8 and 13 percent by 1221 GMT.
IG Group, which provides online stockbroking and trading services to retail investors, also said the nature and timing of potential regulatory changes in Britain and some other key markets remained uncertain. "It remains difficult...to predict what impact regulatory change may have on the Group this financial year and beyond," IG Group said. Britain's financial watchdog, the Financial Conduct Authority, joined other European regulators last year to regulate the 3.5 billion pound financial spreadbetting industry, where it said most retail investors lose money.
Foreign exchange trading through online retail brokers fell by just over 3 percent in the first quarter of 2017, driven chiefly by a fall-off for the massive Japanese firms who dominate the global trade, industry data showed on Wednesday. The data from industry researchers Finance Magnates Business Intelligence (www.financemagnates.com) showed volumes falling to the equivalent of $356 billion a day, down from $368 billion in the last quarter of 2016 and $364 billion a year ago. The boost to volatility from U.S. and French elections since late last year, however, has helped prop up non-Japanese brokers including IG Group as they battle through a clampdown on regulation of the sector in Europe and the United States.