IG Group Holdings plc
02 December 2005
2 December 2005
IG GROUP HOLDINGS PLC
Pre-close Trading Update
IG Group Holdings plc ('IG' or 'the Group') issues the following trading update
relating to the six-month period ended 30 November 2005:
Since the Group's last trading update the Group has continued to experience
strong volumes. For the six-month period all areas of the business have
delivered growth. The Board remains confident of the Group's prospects for the
current year.
The Group's largest division remains its UK financial operation which has
achieved strong growth, driven primarily by continued high levels of client
recruitment.
The Group's Australian business continues to demonstrate rapid growth. The
Group's next overseas office will be in Singapore with the launch of a
subsidiary offering contracts for differences and foreign exchange trading.
Authorisation from the Monetary Authority of Singapore is expected to be
received in January 2006, when trading is planned to commence. This office is
unlikely to contribute materially to the profits of the current year, but is an
important step in establishing a presence in Asia and broadening IG's
international reach.
The Group continues to develop its unregulated product range including a
simplified form of binary betting specifically designed for the sports market.
This is planned to launch in the final quarter of the financial year.
As previously indicated, the Group's interim results for the six months to 30
November 2005 will be prepared in accordance with International Financial
Reporting Standards.
The Group's interim results for the six months ended 30 November 2005 will be
announced on Monday 23 January 2006. There will be a presentation for analysts
at 9.30am at the offices of Financial Dynamics, Holborn Gate, 26 Southampton
Buildings, London WC2A 1PB. A recording of that presentation will be made
available following the meeting on the Group's web site at www.iggroup.com.
For further information please contact:
IG Group 020 7896 0011
Nat le Roux, Chief Executive
Tim Howkins, Finance Director
Financial Dynamics 020 7269 7200
Robert Bailhache
Dominick Peasley
www.iggroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
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