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BUZZ-IG Group: robust cryptocurrency trading boosts Q3

Thu, 22nd Mar 2018 09:14

** IG Group +4.6 pct & second-top riser on FTSE 250in decent volume

** Reports 30 pct rise in Q3 revenue (Investec says 44% ofQ318 growth driven by growth in cryptocurrency)

** Investec raises TP to 959p from 841p, reiterates 'buy'rating

** On regulation, Investec flags ESMA and FCA have asupervisory committee meeting today and feedback could bepublished within weeks

** Broker expects this to be delayed due to the significantvolume of responses to their call for evidence

** Co says cryptocurrency trading by clients has slowedmarkedly since end Jan

IG IG

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