11 September 2012
Spread betting group IG saw its shares rise 6% today despite an 18% slide in revenues over the last three months as financial markets stagnated.
There was a particularly sharp fall in UK revenues, which were down by 21% because of a 16% drop in active clients and a 6% fall in the amount each one spent.
Despite this, the figures were marginally better than the stock market had feared and IG said it was still on course to meet expectations for the full year.
It added that it had cut back on marketing during the first quarter ahead of a relaunch of the brand this autumn.
