IG shares plunge as revenue forecast cut by group

Summarised from 2 outlets · Updated 2 Oct, 11:31 · Archive

IG Group slashed its annual revenue forecast, sending shares down 26 per cent.

IG Group's shares plunged 26 per cent to 950p on Friday after the spread betting company cut its annual revenue forecast. The FTSE 100 company said it had been impacted by 'less supportive market conditions'. Shares are now down 23.7 per cent since January and have reached their lowest level for more than a year.

The company's revenue fell 14 per cent year on year, according to the reports.

How it is being reported

• IG Group shares slump after revenue targets cutIndependent Business · 2 Oct, 10:43
• IG shares plunge as it slashes revenue forecastCity AM · 2 Oct, 09:25

In this story: IG Group · FTSE 100

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