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Investing.com -- IG Group (LON:IGG) shares rose Monday after the company lifted its full-year revenue and profit guidance on Monday, citing stronger-than-anticipated trading volumes in the fourth quarter amid heightened market volatility.
The U.K. online trading platform said it now expects revenue for the year ending May 31 to reach or slightly surpass the upper end of the £1.03 billion to £1.05 billion range, based on its compiled consensus.
Adjusted profit before tax is also projected to come in at or just above the top of the expected £500.5 million to £516.3 million range.
"Elevated volatility across a range of asset classes, particularly in April, has resulted in higher levels of client trading activity than expected in typical market conditions," the company said in a trading update.
IG said it has refinanced its £400 million revolving credit facility, which was set to mature in October 2026, with a new £600 million facility that will run until May 2030. The company also plans to issue a senior unsecured bond as part of its strategy to secure long-term funding.
IG is set to release its full-year results on July 24.