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IG Group boosts share buybacks following Freetrade acquisition and strong results

IG Group has announced an additional £50m for share buybacks, increasing its total program to £200m following the acquisition of trading app Freetrade for £160m. The company's six-month results showed an 11% revenue increase to £522.5m and a 30% rise in adjusted profit before tax to £266.8m. Despite strong growth, analysts had mixed reactions, with some expressing concerns over trading revenue falling short of expectations.
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British Pound Sterling IG Group Holdings plc GBR Breon Corcoran Ben Bathurst
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10:44 23.01.2025
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