IG Group cuts revenue targets, shares slump
Summary
IG Group, a FTSE 100 company, reduced its annual revenue forecast, leading to a significant drop in its share price. The decline followed reports of less supportive market conditions affecting the company. Shares fell to their lowest level in over a year, reflecting investor concerns over the revised financial outlook.
Latest: IG Group's shares continued to fall, reaching their lowest level in more than a year as the company's revised revenue forecast triggered market uncertainty.
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How it unfolded
Friday 2 October
IG Group's shares continued to fall, reaching their lowest level in more than a year as the company's revised revenue forecast triggered market uncertainty.
- 05:45Evening StandardIG Group shares slump after revenue targets cut
- 05:43The IndependentIG Group shares slump after revenue targets cut
- 04:25City A.M.IG shares plunge as it slashes revenue forecast