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IG Group slips to net loss after FXOnline write-down

18th January 2011 8:36 am GMT

Despite recording a 9 per cent increase in net trading revenue to £156.7m, IG Group Holdings plc has posted a net loss of £80.3m for the six month period ended November 30th, after regulatory changes forced the company to write-down the carrying value of the goodwill and customer relationships associated with its Japanese FXOnline business.

IG said that the introduction of a restriction on leverage 50 times on forex from August 1st of last year had [...]

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