Spread betting and CFD provider London Capital Group (LCG) said Tuesday that the company is now in a “much stronger structural and operational position” following a difficult year which saw it record a net loss of £3.7m.

LCG chairman Giles Vardey said that 2013 was a year when the company’s board made significant changes to the group after a difficult year in 2012 which produced a “disappointing outcome” and the need for “substantial changes” in both management and strategy.

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