LONDON, June 4 (Reuters) - IG Group is forecasting
full year net trading revenue of around 649 million pounds
($813.59 million), up from 476.9 million pounds last year as the
new coronavirus pandemic continues to boost trading volumes.
In a trading update on Thursday, the company said financial
market volatility had remained elevated and it has continued to
see high levels of client activity.
Fourth quarter net trading revenue is now estimated to be
around 259 million pounds compared with 117.9 million pounds
last year, IG said.
The company said it will take a cautious approach in
returning staff to its offices around the world, in keeping with
guidance of local governments as lockdown measures aimed curbing
the spread of COVID-19 begin to ease.
($1 = 0.7977 pounds)
(Reporting by Sinead Cruise, editing by Maiya Keidan)
IG (IGG)
