|Bid||603.60 x 0|
|Ask||604.40 x 0|
|Day's Range||598.00 - 604.60|
|52 Week Range||467.40 - 956.50|
|Beta (3Y Monthly)||-0.25|
|PE Ratio (TTM)||10.67|
|Earnings Date||Jul 23, 2019|
|Forward Dividend & Yield||0.46 (7.73%)|
|1y Target Est||765.88|
If you are an income investor, then IG Group Holdings plc (LON:IGG) should be on your radar. IG Group Holdings plc...
(Bloomberg) -- The U.K.’s financial services regulator is proposing a ban on retail sales of derivatives tied to some crypto assets, as it seeks to clamp down on risky financial products.The Financial Conduct Authority said cryptocurrencies have no reliable basis for valuation, while market abuse and financial crime are prevalent in the secondary market for digital assets. The watchdog estimates that a ban on retail trading could prevent between 75 million pounds ($94 million) and 234.3 million pounds in losses a year, according to a statement on Wednesday.Retail investors in the U.K. are able to speculate on cryptocurrencies through complex derivatives known as contracts for difference, or CFDs. Largely banned in the U.S. and under increasing scrutiny in Europe, these instruments allow amateur traders to make risky bets on assets without owning them.“Most consumers cannot reliably value derivatives based on unregulated crypto assets,” said Christopher Woolard, Executive Director of Strategy & Competition at the FCA. “Prices are extremely volatile and as we have seen globally, financial crime in crypto-asset markets can lead to sudden and unexpected losses.”Scams involving cryptocurrencies and foreign exchange boomed last year, losing British investors more than 27 million pounds, according to the FCA, which told consumers in May to watch out for online trading platforms offering get-rich-quick schemes.Companies that currently offer CFDs tied to cryptocurrencies include CMC Markets Plc, Plus500 Ltd. and IG Group Holdings Plc, according to their websites. The shares of all three companies briefly declined on the news.“This is further mood music that the regulatory environment for these kinds of business continues to be tough,” said Portia Patel, analyst at Canaccord Genuity. “Expect retail CFD companies to lobby hard against this.”(Updates with CFD providers’ share price moves in fifth paragraph.)\--With assistance from Viren Vaghela.To contact the reporters on this story: Alastair Marsh in London at firstname.lastname@example.org;Donal Griffin in London at email@example.comTo contact the editors responsible for this story: Ambereen Choudhury at firstname.lastname@example.org, Marion Dakers, Keith CampbellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A group of modern investors joined Benzinga’s Trading Summit to discuss strategies for successful investing in today’s market, with social media receiving a wealth of attention. “It's all about initially trying to detect that anomaly,” he said.
European shares edged lower on Wednesday on unease over developments in the U.S.-China trade war and Britain's uncertain departure from the European Union. The pan-European STOXX 600 index closed down ...
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
The company, which provides online stockbroking and trading services to retail investors, said it expected full-year net trading revenue to fall 17% to around 475 million pounds from 569 million a year earlier, while operating profit would sink to 190 million pounds from 281 million pounds. The sector has also faced lower volatility this year as investors gauged the outcome of U.S.-China trade talks and Brexit.
(Reuters) - Financial trading platform IG Group Chairman Andy Green will step down in September after spending over five years in the role, the company said on Monday. Green's departure comes after IG, ...
New rules reducing leverage and protecting amateur retail investors from heavy losses have been in place for a year but are only beginning to show up more dramatically in results of Plus500 and peers like IG and CMC Markets. A cryptocurrency boom that was in full swing at the start of 2018 has also collapsed, with bitcoin trading at around $5,000 from highs near $20,000, adding to the platforms' problems. Plus500's revenue sank to $53.9 million in the first quarter from $297.3 million a year ago, sending shares down 43 percent to a two-year low of 399.7 pence and dragging IG and CMC around 5 percent lower.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners, pl...
The profit warning dragged down shares in Britain's biggest online trading firms IG Group and Plus500 Ltd. Regulators are tightening rules on products that allow anyone with a bank card to make highly leveraged bets on financial markets through apps and online platforms. CMC Markets said it expected net operating income of 131 million pounds for the year to March 31, compared with 187.1 million pounds a year before.
(Reuters) - Britain's financial watchdog said it will permanently ban the sale of complex derivative products to retail customers from Tuesday to protect them from large and unexpected trading losses. ...
The FTSE 100 bounced 0.9 percent, comfortably outperforming its European peers, as the pound dipped amid growing concern that a no-deal Brexit would become a reality. Many large UK-listed firms earn the bulk of their income abroad in foreign currencies and their shares benefit from a falling pound. The midcap FTSE 250, more domestically focussed, was 0.2 percent lower.
Britain's FTSE 100 jumped to its highest level in five-and-a-half months as its multinational stocks got a boost from weaker sterling, while results-driven slumps in engineering firm Renishaw and trading platform IG dented the midcap index. The FTSE 100 bounced 0.9 percent, comfortably outperforming its European peers, as the pound dipped amid growing concern that a no-deal Brexit would become a reality.
London-listed trading platforms have been battling a shrinking client base as regulators tighten rules on products that allowed anyone with a bank card to make highly leveraged bets on financial markets via apps and online platforms. Britain's Financial Conduct Authority said last month that the European Securities and Markets Authority's (ESMA) temporary curbs on contracts-for-difference (CFDs) will become part of UK domestic law when Britain leaves the EU, due on March 29. IG, which provides online stockbroking and trading services, also blamed a decline in volatility in financial markets throughout the quarter, which it said led to persistently lower market activity in February.
After being named the best forex broker in the UK in 2018, IG brings its award-winning service to U.S. Market CHICAGO , Feb. 27, 2019 /PRNewswire/ -- IG Group ('IG') - a global leader in online trading ...
By Muvija M and Shashwat Awasthi (Reuters) - Strength in miners on growing optimism over global trade talks helped FTSE 100 inch higher and bid news lifted Dairy Crest and Provident Financial among mid-caps ...
The statement came just hours after Britain's Financial Conduct Authority said the European Securities and Markets Authority's temporary curbs on contracts-for-difference (CFD) will become part of the UK domestic law when it leaves the EU on March 29. CMC expects its quarterly CFD and spreadbet revenue to fall 25-35 percent compared with a prior forecast of a 20 percent drop, it said in an unscheduled trading update on Friday. Shares of CMC touched a two-year low, falling over 20 percent to 93.2 pence by 1457 GMT after the company called the first two of 2019 "challenging".