Spread betting and CFD provider London Capital Group (LCG) says it is beginning its new financial year “transformed” after putting in place the technology, customer service and personnel to grow the business over the course of 2015.

Despite posting disappointing results for the year, the operator said it is confident it can grow strongly and return to profit in 2016.

Revenue for 2015 fell 32 per cent year-on-year to £15.5m, with the group’s principal operating segment, the UK financial spread betting and contracts for difference (CFD) business, reporting a 21 per cent decline in revenue to £15.3m.

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GIQ Magazine