BUSINESS

London Capital Group shares dive

TAGs: Betfair, LCG

Time to take stock

Time to take stock

Shares in London Capital Group fell by nearly 13% on Monday after the online financial spread betting and trading company warned that its results for 2009 would be below market expectations, with pre-tax profits expected to be between £6 million and £6.5 million for the year.

Higher expenditure on infrastructure and white label partnerships including Saxo Bank, Betfair and Paddy Power have impacted the company’s profitability. Read more.

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