Financial spread betting operator IG Group Plc has today announced that Tim Howkins is to step down and as its CEO and director following the company’s Annual General Meeting (AGM) scheduled for October.Peter Hetherington, a Board member since 2002 and currently Chief Operating Officer, will assume the role of Interim Chief Executive, subject to regulatory approval. The news of Howkins …
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Second quarter revival for spread betting firm
Spread betting operator IG says its first half performance has recovered after a strong second quarter for the firm. A ‘very subdued first quarter’ had threatened to derail the group’s progress, but it managed to post an 8% increase in net trading revenue to £197.4m and a slight 2.8% rise in profit before tax to £101.4m. Chief executive Tim Howkins …
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