IG Group lifted by quarterly update

FTSE 250 financial services provider IG Group (LON:IGG) jumped 9.16% to 631.60p (as of 13:30 BST) after it published revenue details for the first quarter of its financial year. Revenues for the three months to 31st August were in line with the same period of the previous year and up by 11% over the quarterly average for the last 12 months.

Performance in the firm’s stock trading and investments division improved by 9%, but there was a drop in exchange traded derivatives and the OTC leveraged products arm was broadly flat.