IG Group claims ‘strong’ fourth quarter

IG Group has revealed that it was able to perform well during the three months to May 31, with the company reporting “strong” results across all key operating and financial metrics.

Although the company is not due to release its full-year results until July 19, in a trading update IG Group said its “continued robust performance” in the fourth quarter resulted in “higher variable operating costs” in the last part of the year, including an increase in online marketing spend.

IG Group added that the cost increase was “more than offset” by the ongoing strength of trading revenue.

As a result, the company now expects full year earnings to be slightly ahead of initial expectations.

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