Good morning!
Thanks for your suggestions, I will work my way through them.
Cheers,
Graham
(Please note that I own shares in IGG)
IG Group (LON:IGG)
Share price: 671.25p (-8%)No. of shares: 367 millionMarket cap: £2,464 millionResponse to FCA and ESMA announcements
It was a slightly unpleasant start to the day for me, as an unsettling RNS was released by one of my holdings, IG Group (LON:IGG).
Many of you will probably be clients of IG, perhaps for many years. It is the biggest spread betting operator in the UK.
The market cap is a lot bigger than we normally permit here, but I’m happy to make an exception.
IG’s smaller rival, CMC Markets (LON:CMCX), also made an announcement. Its shares are down 12% for a market cap of £424 million. So I will discuss both in what follows.
Regulatory attack
It has been known for some time that new rules may be enforced on retail traders of leveraged products in Europe and the UK.
The FCA published a consultation paper a year ago, receiving an avalanche of feedback in response,…
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