IG Group Holdings (GB:IGG) has released an update.
IG Group Holdings reported a decrease in total revenue and net trading revenue by 3% and 10% respectively for FY24, attributing the decline to slower market conditions and reduced trading activity. However, net interest income saw a significant increase due to higher interest rates. The company also announced strategic changes under new CEO Breon Corcoran, including a restructured organization aimed at improving client centricity and product development, alongside a proposed dividend increase and a new share buyback program.
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