(Reuters) - British online trading platform IG Group said on Monday its annual results would meet or slightly exceed the upper end of the market's consensus range, as market volatility due to U.S.
IG Group Predicts Strong Annual Results Amid Market Volatility
(Reuters) -British online trading platform IG Group said on Monday its annual results would meet or slightly exceed the upper end of the market's consensus range, as market volatility due to U.S. tariffs spurred trading in the fourth quarter.
"Elevated volatility across a range of asset classes, particularly in April, has resulted in higher levels of client trading activity than expected in typical market conditions," the company said in a trading update.
Analysts expect fiscal 2025 revenue between 1.03 billion pounds and 1.05 billion pounds ($1.37 billion-$1.40 billion) and adjusted pre-tax profit between 489.1 million pounds and 516.3 million pounds, according to a company-compiled consensus.
IG said it had refinanced a 400 million pounds revolving credit facility, due to mature in October 2026, with a 600 million pounds facility expiring in May 2030, and would also issue a senior unsecured bond to provide long-term financing.
($1 = 0.7525 pounds)
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Eileen Soreng)
