Overview
- The FTSE 250 firm opened a broad review that includes reassessing its legal base and trading venue, with management confirming work on a possible New York listing but stressing no decision has been made.
- For the 12 months to December, revenue rose 7% to £1.12 billion and EBITDA increased 1% to £531.1 million, supported by a 6% rise in active customers.
- IG announced a £125 million share buyback alongside the results, and the shares rose about 6% to £14.41 in afternoon trading.
- The company reported a strong start to the year, guiding roughly £300 million in revenue for the March quarter, helped by elevated market volatility following U.S. and Israeli strikes on Iran.
- IG continues diversifying beyond derivatives with acquisitions such as Freetrade and Australian crypto exchange Independent Reserve, plus new zero-commission mutual funds and free SIPPs.