IG Group shares fell 2.5% to 965p after Panmure Liberum lowered its price target from 2,000p to 1,500p following a profit warning. The broker cited a sharp decline in over-the-counter revenue retention, which dropped to around 70% from about 80%, making core earnings less predictable. Despite cutting revenue and earnings forecasts for 2026, Panmure maintained a buy rating, highlighting strong customer growth and a solid net cash position. The main risk remains whether revenue retention can recover in the fourth quarter to meet revised forecasts.
IG Group shares and related market context as of Oct 05, 2026 14:11 WIB: Among 85 priced Financials-sector US stocks tradable on Pluang, 53 rose and 26 fell today. Notable movers include GPN (Global Payments Inc) down 3.93% at USD 78.46 with a typical hold time of 50 days, BBVA (Banco Bilbao Vizcaya Argentaria SA) down 3.19% at USD 26.98 with a typical hold time of 82 days, and WU (Western Union Co) up 2.71% at USD 6.06 with a typical hold time of 95 days.
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