IG Group Holdings Plc saw its shares rise 8.4% following a significant upgrade to its near-term and medium-term financial guidance. The company reported a 25% year-on-year increase in trading revenues for the first quarter, with organic revenues up 19%, active customers growing 12%, and assets under administration rising 20% to £19.3 billion. Momentum continued into the second quarter with assets reaching £20.7 billion by April 30. IG also raised its full-year organic revenue growth forecast to 10-15% and expects EBITDA margins in the mid-40% range. Additionally, IG launched a new institutional white-label offering and announced a £125 million share buyback program. These developments, along with ongoing marketing efficiency and customer growth, support a positive outlook for the company’s future performance.
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