Overview
- IG Group said in its annual report published this week that it raised its tolerance for market risk, with average daily exposure by Value at Risk rising to £4.5 million from £3.5 million and the single‑day peak reaching £7.6 million.
- The company now holds £55.4 million of illiquid shares in Payward, Kraken’s parent, from the Small Exchange sale, which it values using recent private funding rounds and supplements with a short‑term revenue‑share arrangement.
- Employee sentiment turned negative, with an internal Net Promoter Score of -0.3 versus +0.2 a year earlier, which the company linked to a push for cultural change, a more decentralized model, and staff reductions.
- Long‑term incentive targets for leaders require revenue of £1.51 billion by 2028 for maximum payout, a goal that points above management’s public guidance for mid‑to‑high single‑digit growth in 2026.
- The report detailed crypto expansion bets, including the £67.7 million purchase of Independent Reserve that booked £59.7 million of goodwill and plans to launch offerings in Singapore, Australia and the UAE in the second half of 2026 while current crypto revenue remains £0.8 million.