简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
IG Group Initiates EUR75 Million Share Repurchase Amid Declining Profits
Abstract：IG Group has announced the launch of a £150 million share buyback program, with Morgan Stanley & Co. International Plc appointed to execute the first tranche of the scheme. This initiative, running from 12 August 2024 to 31 October 2024, is designed to reduce the firm's share capital.
IG Group has announced the launch of a £150 million share buyback program, with Morgan Stanley & Co. International Plc appointed to execute the first tranche of the scheme. This initiative, running from 12 August 2024 to 31 October 2024, is designed to reduce the firm's share capital.
The decision follows a similar successful buyback earlier in 2024, reflecting IG Group's confidence in managing its share capital amidst financial challenges. Under this program, up to 19,990,397 shares can be repurchased, leveraging the rights established during the company's annual general meeting on 19 September 2023. This comes on the heels of a $20 billion common shares repurchase program completed in July 2024.
IG Group's 2024 business year results highlight operational difficulties, with pre-tax profit dropping 11% to £400.8 million and annual revenue decreasing by 3% to £987.3 million. The firm also reported a 10% decline in net trading revenue due to reduced client activity and trading volumes.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
The Funded Trader: Reactivates Accounts with Revised Payout Structure
Proprietary trading firm The Funded Trader has detailed its financial recovery efforts following a turbulent period marked by an unsustainable payout model. Addressing these challenges publicly, the firm outlined the steps being taken to resolve outstanding obligations and ensure operational sustainability.
Doo Group Broadens Global Footprint with Indonesian Broker Acquisition
Doo Group has announced its acquisition of PT Prima Tangguharta Futures, a Jakarta-based broker specialising in online derivatives trading. This move represents a significant step in Doo Group's regional expansion strategy and reinforces its growing presence in Southeast Asia.
Webull Partners with Coinbase to Offer Crypto Futures
Webull partners with Coinbase Derivatives to offer crypto futures, providing US investors access to Bitcoin and Ethereum contracts with lower entry barriers.
eToro Expands Nationwide Access with New York Launch
eToro launches in New York, offering fractional stock, ETF, and options trading nationwide. Discover innovative features like copy trading and free education.
WikiFX Broker
Latest News
Webull Partners with Coinbase to Offer Crypto Futures
WikiFXeToro Expands Nationwide Access with New York Launch
WikiFXGCash, Government to Launch GBonds for Easy Investments
WikiFXWikiEXPO Global Expert Interview: The Future of Financial Regulation and Compliance
WikiFXDFSA Warns of Fake Loan Approval Scam Using Its Logo
WikiFXConsob Sounds Alarm: WhatsApp & Telegram Users Vulnerable to Investment Scams
WikiFXCySEC Revokes UFX Broker Licence as Reliantco Halts Global Operations
WikiFXWhy Is UK Inflation Rising Again Despite Recent Lows?
WikiFXInteractive Brokers Launches Tax-Friendly PEA Accounts in France
WikiFXFind Regulated Brokers from A to Z on WikiFX
WikiFXCurrency Calculator
