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London Capital Group positioned for growth in fourth quarter

22nd October 2014 7:27 am GMT

London Capital Group (LCG) has posted a loss before tax of £10.7m for the nine month period ended September 30th, after the company recognised an impairment loss of £8m against the goodwill attributed to its UK financial spread betting and contracts for difference (CFD) business unit.

Revenue fell 29 per cent to £13.9m during the period, of which £11.6m was derived from the retail spread betting and CFD business, a decline of 29 per cent [...]

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