IG Group Q1 revenues grow

Online trading business IG Group said on Thursday that total revenues had grown in the three months ended 31 August.

IG Group said total revenues were up 15% year-on-year at £278.9m, reflecting higher revenue per client supported by elevated volatility across a range of asset classes in early August. Total active clients, however, slipped 1% to 263,000.

Within total revenue, net interest income was £36.8m, up from £34.4m a year earlier, which £13.7m related to OTC derivatives, £18.4m to exchange-traded derivatives and £4.7m to stock trading and investments.

Looking forward, IG Group continues to expect its FY25 performance to be in line with market expectations.

IG Group also noted that the first £75.0m tranche of its £150.0m share buyback programme was completed on 9 September, with the second tranche set to begin shortly.

As of 0855 BST, IG shares were up 1.04% at 970.0p.

Reporting by Iain Gilbert at Sharecast.com