Profits from day traders betting on the financial markets cooled at broker and spread-betting firm IG, but more income from the US and rising interest rates helped annual revenue break over £1 billion today.
The pioneering trading platform boomed during the pandemic, when lockdowns prompted people to try trading stocks, bonds and commodities. Total Net trading revenue for the year to May 31 fell 3% to £941 million and adjusted profit before tax slipped 1% to £490.5 million.
