Corrected: BUZZ-UK's IG Group heads for worst day since 2016 after cutting revenue forecast
02/10/2026 09:17
CORRECTED-BUZZ-UK's IG Group heads for worst day since 2016 after cutting revenue forecast Corrects previous forecast in bullet 3 to 10-15% growth from upper end of mid-to-high single-digit growth
** Shares of online trading platform of IG Group Holdings IGG.L sink 27% to 931p, on track for their worst day since December 2016
** Stock touches its lowest level since April 2025
** Expects 2026 revenue growth to be in a mid-single-digit percentage range, compared with prior forecast for 10-15% growth
** Co expects Q3 2026 revenue of about £240 million ($317.1 million), down 14% y/y on lower over-the-counter revenue retention
** Peers Plus500 PLUS.L down 11.5% at 3024p and CMC Markets CMCX.L falls 8.2% at 604p
** YTD, stock down over 23%
($1 = 0.7568 pounds)
(Reporting by Krisha Bhatt in Bengaluru)