IG Group Holdings (IGG)

Sector:

Financials

Index:

FTSE 250

947.50p
   
  • Change Today:
      14.00p
  • 52 Week High: 992.00p
  • 52 Week Low: 672.50p
  • Currency: UK Pounds
  • Shares Issued: 355.69m
  • Volume: 448,496
  • Market Cap: £3,370.14m
  • RiskGrade: 149
  • Beta: 0.84

IG Group announces exit of CFO and COO

By Benjamin Chiou

Date: Thursday 14 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Online trading platform IG Group has reported stable revenues in the third quarter as it announced the resignation of both its chief financial officer and chief operating officer, just two months after the appointment of a new chief executive.
Charlie Rozes, who has been IG's CFO since 2020, will step down in July, while five-year COO Jon Noble, who first joined IG as a trainee dealer back in 2000, is leaving immediately.

Both are said to be "pursu[ing] other opportunities", the company said, with the exits following the 29 January appointment of new CEO Breon Corcoran, who took over from former boss June Feliex who stepped down due to health reasons last year.

Chair Mike McTighe said the board was "grateful" to both executives for their service.

"Charlie has made an outstanding contribution to the company's growth in his role as CFO and more recently as Acting CEO. We thank Jon for his long service and the pivotal role he has played in positioning IG as the global market leader in our industry," McTighe said.

In a separate statement, IG said it delivered a "solid revenue performance" in the third quarter to 29 February, with revenues more or less unchanged from last year at £240.1m.

Active clients in the quarter totalled 266,800, down from 268,600 a year earlier but up from 263,600 in the second quarter, with the period seeing the "lowest level of volatility in over five years", the company said.

Nevertheless, IG said that revenue and adjusted profits for the full year to 31 May are still expected to be in line with current market expectations.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IGG Market Data

Currency UK Pounds
Share Price 947.50p
Change Today 14.00p
% Change 1.50 %
52 Week High 992.00p
52 Week Low 672.50p
Volume 448,496
Shares Issued 355.69m
Market Cap £3,370.14m
Beta 0.84
RiskGrade 149

IGG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.71% above the market average54.71% above the market average54.71% above the market average54.71% above the market average54.71% above the market average
37.04% above the sector average37.04% above the sector average37.04% above the sector average37.04% above the sector average37.04% above the sector average
Price Trend
79.88% above the market average79.88% above the market average79.88% above the market average79.88% above the market average79.88% above the market average
60.71% above the sector average60.71% above the sector average60.71% above the sector average60.71% above the sector average60.71% above the sector average
Income
58.32% above the market average58.32% above the market average58.32% above the market average58.32% above the market average58.32% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Growth
87.99% below the market average87.99% below the market average87.99% below the market average87.99% below the market average87.99% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IGG Dividends

  Latest Previous
  Final Interim
Ex-Div 19-Sep-24 01-Feb-24
Paid 17-Oct-24 01-Mar-24
Amount 32.64p 13.56p

Trades for 21-Nov-2024

Time Volume / Share Price
16:20 1 @ 944.50p
16:20 1 @ 944.50p
16:20 1 @ 944.50p
16:20 1 @ 944.50p
16:20 0 @ 944.50p

IGG Key Personnel

Chair Robert Michael McTighe
CEO Breon Corcoran

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