BUSINESS

Spread betting firm IG Group full year profits up 25%

TAGs: IG Group, spread betting

Not everyone does badly out of a recession. You’ve got your undertakers, your rehab clinics and, of course, your spread betting firms. Take the IG Group, for instance, which has announced a 25% year on year growth in pre-tax profit from £125.9m to £157m, thanks to an increase in market volatility towards the end of the year. In the three months to May, a whopping 21,500 financial accounts were opened as punters sought to profit from the turmoil in the finance market. You got to love those merchant bankers, haven’t you? Read more.

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