IG Group says volatile markets push profit to top end of forecasts

(Sharecast News) - Online trading platform IG Group said it expected annual earnings and revenue to meet or slightly exceed the upper end of consensus forecasts after volatile markets caused by US tariffs drove higher-than-expected levels of client trading in the fourth quarter. Forecasts for revenue and adjusted profit before tax are in a range of £1.026bn - £1.051bn and £489.1m - £516.3m respectively.

IG added that the recently-acquired Freetrade continued to trade well in the final quarter of the financial year, with performance tracking in line with the group's expectations.

Reporting by Frank Prenesti for Sharecast.com