UK's IG Group Cuts Revenue Outlook, Shares Plunge
IG Group shares fell more than 27% after the online trading firm lowered its annual revenue forecast due to subdued trading volatility.
Shares of Britain’s IG Group LSE:IGG plunged more than 27% on Friday after the online trading firm cut its annual revenue forecast on subdued trading volatility. IG Group said it earns more when volatile markets prompt clients to trade heavily, but added that it revamped its hedging strategy.