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IG cashing in on market ups and downs
10.03.10
Some complain about market volatility but for spread-betting giant IG Group it is a key driver of business.
Today it said revenue in the three months to February was £69 million, a £7 million rise on a year ago.
“The strong equity-market rally, which helped stimulate client activity through much of 2009, showed signs of weakness in the first two months of 2010,” said a statement to the stock exchange.
