(Alliance News) - IG Group Holdings PLC on Thursday said that two executive directors will leave the company, as it reported a slight year-on-year uptick in third financial quarter revenue.
The London-based contracts-for-difference trading platform said revenue edged up 0.3% to GBP240.1 million in the third quarter of financial 2024 from GBP239.3 million a year ago. IG's financial year ends on May 31.
However, nine-month revenue to February 29 declined 6.0% to GBP712.7 million from GBP758.4 million a year ago.
Looking ahead, the company said that revenue and adjusted pretax profit for financial 2024 are in line with undefined current market expectations. IG will release its annual results in July.
Meanwhile, Chief Operating Officer Jon Noble leaves his role as executive director immediately but will stay with the company for a short time to ensure an orderly transition. He has been with the company since 2000 and on the board since 2018.
Further, Chief Financial Officer Charlie Rozes will step down from his role and as executive director on July 31, with a process to identify his successor underway.
IG shares rose 4.0% to 733.50 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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IG (IGG)