IG Group expects revenue growth in Q2

IG Group has said that it expects to post a 9% year-on-year increase in revenue for the six months to November 30.

In a pre-close trading update, IG Group said it has “continued to perform well in the second quarter”, following a positive showing in Q1.

Operating costs, excluding variable remuneration, are expected to be 7% lower than in the first half of last year.

IG Group also said it maintains the guidance given in July that operating costs, excluding variable remuneration, for the full-year are expected to remain at a similar level to last year.

The firm also reiterated its commitment to comply with any new regulations introduced in the UK market, but said that with the timing of such alterations unclear, it “remains difficult” to predict what impact this could have on its financial performance moving forward.

IG Group intends to publish its first-half financial results in full on January 23.

Related article: IG Group reveals widespread financial growth in Q1