IG Group Holdings (IGG)

Sector:

Financials

Index:

FTSE 250

737.00p
   
  • Change Today:
      4.50p
  • 52 Week High: 778.00
  • 52 Week Low: 611.00
  • Currency: UK Pounds
  • Shares Issued: 374.04m
  • Volume: 629,603
  • Market Cap: £2,756.67m
  • RiskGrade: 149

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 737.00p
Change Today 4.50p
% Change 0.61 %
52 Week High 778.00
52 Week Low 611.00
Volume 629,603
Shares Issued 374.04m
Market Cap £2,756.67m
RiskGrade 149

IGG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.18% above the market average75.18% above the market average75.18% above the market average75.18% above the market average75.18% above the market average
57.01% above the sector average57.01% above the sector average57.01% above the sector average57.01% above the sector average57.01% above the sector average
Price Trend
38.23% above the market average38.23% above the market average38.23% above the market average38.23% above the market average38.23% above the market average
24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average
Income
78.72% above the market average78.72% above the market average78.72% above the market average78.72% above the market average78.72% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
57.45% below the market average57.45% below the market average57.45% below the market average57.45% below the market average57.45% below the market average
29.63% below the sector average29.63% below the sector average29.63% below the sector average29.63% below the sector average29.63% 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
  Interim Final
Ex-Div 01-Feb-24 21-Sep-23
Paid 01-Mar-24 19-Oct-23
Amount 13.56p 31.94p

Trades for 26-Apr-2024

Time Volume / Share Price
16:49 50,926 @ 739.21p
16:35 210,577 @ 737.00p
16:35 117 @ 737.00p
16:35 149 @ 737.00p
16:35 1,076 @ 737.00p

IGG Key Personnel

Chair Robert Michael McTighe
CFO Charlie Rozes
CEO Breon Corcoran

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