FINANCIAL spread betting firm IG Group saw shares surge yesterday after a recovery in trading at its UK and Australian businesses.
IG shocked markets in March after it warned that nervous investors were taking their money off the table in volatile markets, leading to third-quarter revenues declines in the UK and Australia.
But the company said its performance in both countries recovered in the final three months of its financial year, showing annual growth of 9% and 12% respectively.
Shares in IG rose more than 11% after it said it was on track for pre-tax profits of £125m in the year to May 31, ahead of City expectations.
