IG in line with expectations after 'strong' Q2

Online financial trader IG Group is trading in line with expectations after a “strong” second quarter.

The FTSE 250 company said that higher operating costs in the first half of the year, mainly due to ongoing recruitment, has been offset by “good revenue”.

In the first quarter ended 31 August, revenue grew 5.1% to £111.4m, compared to the previous year. However, revenue was ahead in all regions except in the UK, which was affected by the EU referendum and the subsequent “dull markets”.

Results for the first six months ended 30 November will be released on 24 January 2017.

Shares in IG Group were up 1.32% to 843p at 0847 GMT.