IG Group has announced that it was able to post revenue of £122 million (€155.5 million/$174.6 million) in the three months to February 29, 2016, a record total for the company.
Plus500 has announced a series of major management and directorate changes, including the appointment of Elad Evan-Chen as its new chief financial officer.
Plus500 has cited the impact of new customers, as well as the number of active customers accessing its services, as the main reasons behind a year-on-year jump in revenue during the 12 months through to December 31, 2015.
The UK Financial Conduct Authority (FCA) regulatory body has warned spread betting companies that they must comply with its rules after a survey revealed poor practices that risk leaving customers unfairly treated.
Charles Henri Sabet, chief executive of London Capital Group (LCG), has said he is optimistic about the firm achieving growth in the coming financial year, despite having suffered a number of setbacks in the 12 months through to December 31.
IG Group has announced that Peter Hetherington, who has been serving as chief executive on an interim basis, has been appointed to the role on a full-time basis.
Playtech has opted to pull out of its proposed merger with Plus500, despite last week stating that it was confident of completing a deal by the end of the year.
Playtech has said it remains confident that its proposed acquisition of Plus500 will go ahead before the end of the year, with the firm expecting a decision on its application to the Financial Conduct Authority (FCA) to be made next month.
Spread betting company IG Group has confirmed that Chris Hill is to step down from his role as chief financial officer this week after first announcing his departure in the summer.
London Capital Group Holdings (LCG) has cited the impact of challenging market conditions as the main reason behind year-on-year losses across key financials during the six months through to June 30.
Plus500 has revealed a year-on-year jump in revenue in the six months through to June 30, despite the online trading company having been temporarily suspended from operating in the regulated UK market during the period.
Chris Hill is to step down from his role as chief financial officer at spread betting company IG Group in order to take up a similar position with financial services firm Hargreaves Lansdown.
Spread betting and CFD trading firm CMC Markets has agreed a deal to become an official partner of Ben Ainslie Racing, the UK’s entry for the 35th edition of the America’s Cup sailing series.
