No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - IG Group said on Wednesday that it plans to establish a new Jersey-incorporated holding company, subject to shareholder and regulatory approval, as part of its strategic review, while retaining its London Stock Exchange listing, UK tax residence and London operations.
The FTSE 100 company also announced a streamlined organisational structure, combining its UK & Ireland, Europe, and Asia-Pacific and Middle East consumer businesses into a single division led by Michael Healy.
Separately, IG said it expected first-half revenue of about 643m, up around 18% year on year, with organic revenue rising about 16% to 624m.
The company said trading remained strong in the second quarter and reiterated full-year guidance, expecting results to be in line with market expectations while continuing to assess acquisitions, listing venues and potential combinations with other industry participants as part of its strategic review.
At 0856 BST, shares in IG Group Holdings were down 2.36% at 1,818p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.