IG boosted by recent volatility

While creating a headache for most, the recent volatility in stock markets has helped spread-betting firm IG Group achieve record levels of client activity in its first quarter.Despite it being holiday season in the majority of the group's markets, IG expects revenues to exceed £94m in the three months ending 31 August, up from £79.1m in the first quarter of last year.This would represent sales growth of at least 19%, the firm said."The group's credit management processes have proved robust and it is anticipated that the doubtful debt charge for the quarter will be less than 1% of revenues for the quarter," the statement said.IG will publish its interim management statement on 13 September.BC IG