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IG Group (LON:IGG) Stock Keeps Hold Rating at Peel Hunt
- On Friday, London-based Group shares fell 22.4% after the company lowered annual targets, expecting around £240 million in Q3 revenue, down 14% year on year.
- Revenue retention across the OTC division fell to 70%, having averaged around 80% since the second half of 2025, amid "less supportive market conditions."
- Chief Executive Breon Corcoran noted organic first trades at Freetrade grew 25% year on year, signaling strength amid the broader revenue decline.
- Consequently, the Group told investors it now expects total revenues to have grown by a "mid-single-digit per cent" for 2026, down from previous guidance of 10% to 15%.
- The Board remains confident that current measures will structurally increase OTC revenue retention over the medium to long term, despite expecting greater short-term variability.
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IG shares plunge as it slashes revenue forecast
IG’s shares plunged in early morning trading on Friday after it was forced to cut its annual revenue forecast. The spread betting company saw its share drop 26 per cent to 950p per share. Shares are down 23.7 per cent since January. The sharp fall follows the group’s revenue falling 14 per cent year on [...]
·London, United Kingdom
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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