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IG Group Initiates EUR75 Million Share Repurchase Amid Declining Profits
Abstract：IG Group has announced the launch of a £150 million share buyback program, with Morgan Stanley & Co. International Plc appointed to execute the first tranche of the scheme. This initiative, running from 12 August 2024 to 31 October 2024, is designed to reduce the firm's share capital.
IG Group has announced the launch of a £150 million share buyback program, with Morgan Stanley & Co. International Plc appointed to execute the first tranche of the scheme. This initiative, running from 12 August 2024 to 31 October 2024, is designed to reduce the firm's share capital.
The decision follows a similar successful buyback earlier in 2024, reflecting IG Group's confidence in managing its share capital amidst financial challenges. Under this program, up to 19,990,397 shares can be repurchased, leveraging the rights established during the company's annual general meeting on 19 September 2023. This comes on the heels of a $20 billion common shares repurchase program completed in July 2024.
IG Group's 2024 business year results highlight operational difficulties, with pre-tax profit dropping 11% to £400.8 million and annual revenue decreasing by 3% to £987.3 million. The firm also reported a 10% decline in net trading revenue due to reduced client activity and trading volumes.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Grand Capital Doesn’t Feel GRAND for Traders with Withdrawal Denials & Long Processing Times
The trading environment does not seem that rosy for traders at Grand Capital, a Seychelles-based forex broker. Traders’ requests for withdrawals are alleged to be in the review process for months, making them frustrated and helpless. Despite meeting the guidelines, traders find it hard to withdraw funds, as suggested by their complaints online. What’s also troubling traders are long processing times concerning Grand Capital withdrawals. In this Grand Capital review segment, we have shared some complaints for you to look at. Read on!
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EmiraX Markets Review reveals unregulated status, fake license claims, and withdrawal issues. Stay safe and avoid this broker.
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ADSS Review: Traders Say NO to Trading B’coz of Withdrawal Blocks, Account Freeze & Trade Issues
Does ADSS give you plenty of excuses to deny you access to withdrawals? Is your withdrawal request pending for months or years? Do you witness account freezes from the United Arab Emirates-based forex broker? Do you struggle to open and close your forex positions on the ADSS app? Does the customer support service fail to respond to your trading queries? All these issues have become a rage online. In this ADSS Broker review article, we have highlighted actual trader wordings on these issues. Keep reading!
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Explore INGOT Brokers regulation in 2025: Compare their ASIC and Seychelles FSA licenses, understand trader protection levels, and learn about potential risks in this detailed guide.
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