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London Capital Group posts H1 loss as revenue slump continues

17th July 2014 8:37 am GMT

Shares in London Capital Group (LCG) fell by more than 8 per cent in London this morning after the company posted a 39 per cent drop in revenue from continuing operations to £9.2m for the first half of 2014.

The company’s retail spread betting and CFD business generated revenue of £7.6m during the period, a decline of 42 per cent year-on-year, while its institutional FX business contributed a further £1.6m in revenue, down 24 per [...]

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