SBC News IG Group reports yearly growth

IG Group reports yearly growth

tomhawkins
Tim Howkins – CEO of IG Group

Financial spread betting operator IG Group posted full year or year growth, reporting net trading revenues of £370.4 million (€468.5 million/$632 million), up 2.4% on the £361.9 million achieved in the previous year.

The spread betting operator posted net revenues of  in £194.7 million up 1.3% on 2013 figures (£192.2 million)

The FTSE 250 company, which has a market capitalisation of about £2.28bn and provides retail clients with financial spread betting and contracts for difference, said yesterday it was increasing its dividend payout ratio for the first time in eight years to 70 per cent of earnings from 60 per cent.

“We continue to build on a long history of growth, with profitability having increased every year since our public listing in 2005,” Davie said.

Tim Howkins, CEO of IG Group, added: “This was a good year for IG, with growth in revenue, profit, cash generation and dividends.

“Importantly, we also made strong progress on our strategic objectives, designed to deliver the next phase of our growth.

“As part of our aim to become the default choice for active traders, we are now progressing new initiatives, which should have positive long-term benefits for shareholders.”

“We will continue to make significant investments in initiatives, this year and beyond, to deliver sustainable growth into the future.”

 

Check Also

SBC News Sporting Index celebrates 25th birthday

Sporting Index celebrates 25th birthday

Spread-betting firm Sporting Index is today celebrating its 25th year in business, having traded markets since …

SBC News Spread betting firms count the cost of UK FCA clampdown

Spread betting firms count the cost of UK FCA clampdown

Business news sources have reported that around £1 billion has been wiped off the value …

SBC News UK workers to be paid £1.6 billion to watch Olympics while at work

UK workers to be paid £1.6 billion to watch Olympics while at work

Sporting Index has found that the cost to the British economy from workers watching the …