Shares in IG Group fell as much as 26% to 938p on Friday after the spread‑betting firm warned that annual revenue growth would be sharply lower than its May forecast. The FTSE 100 company now expects revenue growth in a “mid‑single‑digit per cent range”, down from the previous 10%–15% guidance. The London‑based group said higher spending on incentive schemes to attract customers is eroding the income it earns from client trading on its platform.
The announcement triggered a steep sell‑off, making it one of the biggest single‑day drops for the stock in recent months.
Source: Financial Times Companies · Summarized by HeadlinesBriefing