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Spread betting company London Capital Group says that increased volatility in the second quarter has helped it generate better than expected first half revenues. First half pre-tax profits will increase from £3.3m to £4m, although that excludes the £3.2m write-down of capitalised software costs.
Read moreLONDON (Dow Jones)-- London Capital Group Holdings Plc (LCG.LN), a financial services and online spread betting company, announced Wednesday for the six months ended June 30, that pretax profit and share based payment expense are expected to be in the region of GBP4.0 million, which is ahead of the
Read moreThe wife of Mike Turner, the senior independent non-executive director of GKN, has bought 60,000 shares in the engineer. Jean Turner paid 133.41p a share and the total investment was just over £80,000. The husband and wife have a total holding of 160,000 GKN shares. Last August, Turner bought 10
Read moreLondon Capital's chief executive Frank Chapman has stepped down as the spread betting firm scraps the final dividend and halves profits due to unfavourable market conditions and higher costs. The Capital Spreads-owner made a pre-tax profit of £5.8m last year, down from £10.9m in 2008, on revenue 4%
Read moreLondon Capital Group's finance boss Simon Denham has taken his stake in the spread betting firm closer to 16% with the purchase of another 200,000 shares. Denham, co-founder of financial spread betting unit Capital Spreads, paid £360,000 or 180p each, for the shares. He now owns 6.1m shares, or 15.
Read moreSpread betting firm London Capital Group saw adverse trading conditions in the second quarter and lower interest rates hit first half profitability. Profit before tax in the first half of 2009 fell to £3.33m from £5.43m a year earlier on revenue that edged up to £12.95m from £12.51m. The company a
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