The Aporia · IG Group shares slump after revenue targets cut

IG Group shares slump after revenue targets cut

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Saker-Clark, H. (2026, October 2). IG Group shares slump after revenue targets cut. Evening Standard. https://www.standard.co.uk/business/business-news/ig-group-shares-growth-london-b1299278.html

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Quick Summary

IG Group's shares dropped by up to 25% after the company reduced its revenue growth targets for 2026 from an earlier forecast of 10-15% to a "mid-single-digit percent." IG reported revenues of around £240 million for the quarter ending September, marking a 14% decline year over year due to decreased revenue retention in its OTC division. The company's board acknowledged that while short-term volatility is expected, long-term improvements are anticipated through structural changes aimed at increasing revenue retention.

Written by AI on 2026-10-02, from this article's own text only (the story summary below draws on all the coverage).

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Story summary

IG Group, a London-based online trading firm that also owns Freetrade, saw its shares slump by up to 25% after it announced revised revenue targets for 2026, cutting the expected growth rate from 10-15% to "mid-single-digit per cent." For the three months ending September, IG reported total revenues of around £240 million, a 14% decline year over year. The company attributed this drop primarily to a decrease in revenue retention across its OTC (over-the-counter) division, which fell to 70%, down from an average of about 80% since the second half of 2025. Despite these challenges, IG remains optimistic that it will see structural increases in OTC revenue retention over the medium and long term, although with greater expected short-term variability. Organic first trades increased by 25% year on year, but this was not enough to offset overall revenue declines. On Friday morning, shares of IG were trading down at 993p, a drop of 22.4%.

Written for “IG Group Financial Performance” on 2026-11-04, grounded in this article and the 0 other(s) covering the same event.

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Who wrote this

Henry Saker-Clark

96 article(s) here · 1 carrying a prediction

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Also by Henry Saker-Clark

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Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 96 articles by Henry Saker-Clark →

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Claims (7 extracted, 0 hedged)

IG Group shares slump after revenue targets cut Online trading firm IG Group saw shares slump by as much as a quarter after it slashed its growth targets. asserted

it → slump → targets

As a result, London-based IG told investors it expects total revenues to have grown by a “mid-single-digit per cent” for 2026, having previously guided to growth of 10% and 15%. asserted

revenues → base → %

It said it expects to report total revenues of around £240 million for the three months to end of September, down 14% year on year. asserted

it → say → year

The drop was linked to a slump in revenue retention across its “over-the-counter” (OTC) division, which fell to 70%, having averaged at around 80% since the second half of 2025. asserted

which → link → 2025

“The board remains confident that these measures will structurally increase OTC revenue retention over the medium to long term, albeit with greater expected short-term variability,” the company said. asserted

company → remain → variability

IG, which also owns the Freetrade brand, said organic first trades were however up 25% year on year. asserted

trades → own → year

“Lower Q3 revenue reflected reduced OTC (over the counter) revenue retention in less supportive market conditions, and I remain confident in meeting our medium-term guidance.” asserted

I → reflect → guidance

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IG Group shares slump after revenue targets cut

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Claims (7 extracted, 0 hedged)