IG Group has been in the wars for almost three years (Patrick Hosking writes). Regulatory crackdowns and long periods of market calm, when punters find more interesting things to do than bet on finance, have made for a torrid time for Britain’s biggest spread betting firm.
Yesterday, though, June Felix, chief executive for the past seven months, at last had some better news for shareholders. First, customers have got their betting juices flowing again, thanks to a recent pick-up in the volatility of markets, largely triggered by the worsening trade war between the United States and China. Net trading revenue for the quarter to May is expected to be £115 millon — a promising increase on the £108 million in the previous quarter and far