IG Group Beats Predictions
IG Group beats prediction to hit EBITDA up 34%.
IG Group’s earning before interest tax depreciation and amortisation (EBITDA) is up by more than a third, the spread betting company’s half-year results reveal.
The results for the 6-month period to end 30 November 2009 showed EBITDA up 34% at £81m (€93.9m, $134.6m), from £60.2m in the same [...]
S&P 500 Reaches 25 Times Company Earnings: Financial Spread Betting News
Wall Street opened in negative territory this afternoon, as the ten-month rally left the S&P 500 trading at almost 25 times its companies’ reported operating earnings – the highest valuation since 2002.
Figures released soon after the opening bell were also disappointing. The National Association of Realtors unveiled an unexpected 16% plunge in US pending home [...]
First Trading Day of 2010 Pushes Markets Higher: Financial Spread Betting Update
The first trading day of 2010 has been impressive, with the Dow and S&P 500 both putting on over 1% during the first hour.
Stocks and commodities were buoyed by a barrage of robust manufacturing data today.
Official reports revealed that China’s Purchasing Managers’ Index (PMI) for the manufacturing sector rose at the fastest pace [...]