FTSE 250 movers: IG Group surges on buyback extension
FTSE 250 (MCX) 22,072.22 0.10%
IG Group surged as it extended its share buyback and said it was confident of achieving its medium-term revenue growth targets ahead of schedule.
For the three months ended 30 November, IG reported a 29% rise on the year in net trading revenue to £270.7m. Growth was broad-based across all major product categories, with the US remaining its fastest-growing market and Tastytrade delivering total net trading revenue of $65.3m, up 51% on the year.
New customer acquisition accelerated, with first trades up 64% on the prior year and 18% on the previous quarter. IG said this was supported by new products and increased marketing investment.
In July, the company guided to mid-to-high single-digit percentage annual organic total revenue growth - excluding Freetrade - beyond the 12 months ending 31 May 2026, accelerating within this range over time.
It said on Tuesday that following "strong strategic progress", it now expects organic total revenue growth around the mid-point of this range in calendar year 2026, from a base of about £1.08bn in 2025.
Ceres Power Holdings led the fallers, down 9%.
FTSE 250 - Risers
IG Group Holdings (IGG) 1,249.00p 7.12%
W.A.G Payment Solutions (EWG) 101.00p 3.91%
Oxford Nanopore Technologies (ONT) 127.30p 3.50%
Greggs (GRG) 1,719.00p 3.43%
B&M European Value Retail S.A. (DI) (BME) 169.10p 3.30%
Endeavour Mining (EDV) 3,714.00p 3.11%
Hochschild Mining (HOC) 477.80p 2.97%
Edinburgh Worldwide Inv Trust (EWI) 215.50p 2.62%
SSP Group (SSPG) 190.20p 2.48%
PayPoint (PAY) 470.00p 2.40%
FTSE 250 - Fallers
Ceres Power Holdings (CWR) 241.60p -9.24%
Energean (ENOG) 862.00p -2.21%
JPMorgan Japanese Inv Trust (JFJ) 708.00p -2.07%
QinetiQ Group (QQ.) 426.80p -2.07%
Mony Group (MONY) 184.30p -2.02%
Morgan Sindall Group (MGNS) 4,645.00p -2.00%
Polar Capital Technology Trust (PCT) 452.50p -1.95%
RTW Biotech Opportunities Ltd (RTW) 2.02p -1.94%
Diversified Energy Company (DI) (DEC) 1,030.00p -1.90%
Allianz Technology Trust (ATT) 516.00p -1.90%
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