By Reuters
(Reuters) – Online trading platform IG Group Holdings <IGG.L> on Tuesday reported a slump of almost a third in its earnings for the year, hurt by Europe’s clampdown on the provision of access to high-stakes financial betting to amateur traders.
The mid-cap company, which allows individuals and other non-institutional retail investors to bet on stock, currency and oil market moves, said pretax profit plummeted 31% to 194.3 million pounds for the 12 months ended May 31.
(Reporting by Muvija M in Bengaluru; editing by Patrick Graham)
