Corrected: BUZZ-UK's IG Group heads for worst day since 2016 on weak third-quarter revenue forecast

CMC Markets

02/10/2026 08:19

Corrects bullet 1 to say shares were on track for worst day since December 2016, not November 2016, last bullet to say YTD move was as of previous close
 
** Shares of online trading platform of IG Group Holdings IGG.L sink 24.7% to 962.5p, on track for worst day since December 2016
** Stock touches its lowest level since April 2025
** Co expects Q3 2026 revenue of about £240 million ($317.11 million), down 14% y/y on lower over-the-counter revenue retention
** Sees FY 2026 revenue growth in the mid-single-digit percentage range
** Peer stocks Plus500 PLUS.L down 11.5% at 3024p and CMC Markets CMCX.L falls 8.2% at 604p
** YTD, stock was down 3% as of Thursday's close
     
($1 = 0.7568 pounds)

 (Reporting by Krisha Bhatt in Bengaluru)
 ((krisha.bhatt@thomsonreuters.com))