IG plunges as Japan incurs £80m loss - Business - Evening Standard
       

IG plunges as Japan incurs £80m loss

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18 January 2011

IG Group shares fell 8% today - off 42.4p to 476.1p - as the spread-betting house posted an £80 million loss for the six months to November, because of a hefty impairment charge for a move into Japan which analysts say is turning out badly.

Chief executive Tim Howkins said: "We have begun work to reduce our Japanese cost base."

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