IG Group Shares Plunge 24% After Slashed 2026 Guidance
IG Group Holdings shares dropped 24% after the online trading platform revised down its 2026 revenue forecast. This comes after the company had upgraded its forecast previously, and follows a 14% decrease in third-quarter revenue.
Story updates
08:01:48 AM UTC
SquawkNews
British online trading platform IG Group LSE:IGG cut its 2026 revenue growth forecast on Friday after weak market conditions hurt retention in its over-the-counter (OTC) derivatives business, sending its shares down more than 27%.($1 = 0.7572 pounds)
08:19:48 AM UTC
SquawkNews
The blue chip spreadbetter said total revenues were expected to have fallen by around 14% in the three months to 30 September, to £240m. It attributed the slide to lower over-the-counter revenue retention in its core derivatives business, which fell to 70% from the 80% averaged since the introducti…
18 pence in early morning European trading, the lowest level since April 2025. The stock has…