London Capital Group Holdings Regulatory News (LCG)

3 Jul 2007 07:01

London Capital Group Holdings PLC03 July 2007 3 July 2007 London Capital Group Holdings plc Trading Update The Board of London Capital Group Holdings plc ("the Group"), the financialservices and online spread betting company, is pleased to report that it expectsgroup profit before tax for the six month period ended 30th June to be around50% ahead of original management expectations for 1H07. As we have previously stated, delivery of strong results depends on growth inclient interest across our product offerings and also on volatility in themarkets in which we are active. We are pleased to note that both these factorshave been favourable during the first half. Operational highlights:- • Capital Spreads quarterly client acquisition rate has more than doubled in 2Q07 compared to 4Q06. • Capital Forex quarterly volumes have also increased more than two fold over the same period. • Five spread betting white labels have been signed in 1H07. • It is the Board's current intention to pay an interim dividend of 1.25 pence per share. Additionally we have introduced further technological enhancements to our ITinfrastructure and electronic trading platforms during the period to ensurescalability while we continue to expand. The Group also continues to benefitfrom operational gearing. We look forward to continuing robust trading in all our business divisions forthe second half of the year. For further information, please contact: London Capital Group Holdings plc Tel. 020 7456 7001Frank Chapman, Chief Executive Officerwww.londoncapitalgroup.com Smithfield Consultants Tel. 020 7360 4900George Hudson / Anne Howalt Notes to Editors: London Capital Group Holdings plc (LCGH plc) is a rapidly growing financialservices company offering online trading services. Its core activity is theprovision of spread betting products on the financial markets to retail clientsunder the trading name Capital Spreads. Its other divisions provide onlineforeign exchange trading services to institutional and intermediate clientsunder the Capital Forex brand and institutional derivatives broking under thename Capital Derivatives. London Capital Group Limited, a wholly owned trading subsidiary of LCGH plc, isregulated and authorised by the Financial Services Authority. It has a Europeanpassport and is a member of the London Stock Exchange, Liffe, Eurex andEuronext, giving it direct access to all European markets. London Capital GroupLimited also has access to international markets through its global clearingrelationships. LCGH plc floated on the London Stock Exchange's AIM market on 22nd December 2005at an issue price of 82p. LCG is included in the General Financial sector (8770)and Speciality Finance sub sector (8775) and has a RIC code of LCG.L. This information is provided by RNS The company news service from the London Stock Exchange