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IG Group profit hit by regulatory clampdown

IG Group profit hit by regulatory clampdown
FILE PHOTO: Dealers work on the IG Group trading floor in London, Britain June 30, 2015. REUTERS/Neil Hall   -   Copyright  Neil Hall(Reuters)
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(Reuters) – IG Group Holdings Plc <IGG.L> reported a 17 percent slump in first-half profit on Tuesday, as stricter regulation kept clients away from the online financial trading company’s platforms.

The company said pretax profit fell to 113 million pounds in the six months ended Nov. 30 from 136.2 million pounds in the year-earlier period.

(Reporting by Muvija M and Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)

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