IG Group Posts First-Half Loss Over Charge on Japan Operations
This article is for subscribers only.
IG Group Holdings Plc, owner of the IG Index financial spread-betting brand, had a first-half loss after charges against earnings for impairment of goodwill and customer relations in Japan due to restrictions on leverage.
The net loss was 80.4 million pounds ($128.2 million), or 22.31 pence per share in the six months ended Nov. 30, compared with a gain of 50 million pounds, or 13.84 pence per share, in the same period a year earlier, the London-based company said in a statement on the Regulatory News Service. Impairment charges included 123 million pounds for goodwill in Japan.