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IG Group hits loss despite record annual revenues

19th July 2011 8:19 am GMT

IG Group Holdings plc has reported a 7 per cent increase in net trading revenues to £320.4m for the year ended May 31st 2011 following growth across all of its businesses, except in Japan where a write-off of the entire goodwill and other intangibles relating to the business at a non-cash cost of £143m led IG Group to a loss for the period of £25.3m.

IG said that the revenues from its UK financial business grew [...]

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