IG Group plans job cuts. IG Group stock loses 2.13 percent

IG Group was trading at EUR 15.17 at Lang & Schwarz on October 1, 2026 at 3:36 p.m. CEST, down 2.13 percent versus the prior close of EUR 15.50. The company is preparing significant job cuts as part of an organizational review, Reuters reported on September 9, 2026.

Restructuring follows Underdog deal

Reuters said the London-listed online trading platform told staff that a significant number of jobs would be cut to improve efficiency. The report linked the restructuring to the planned acquisition of US prediction-markets operator Underdog for up to USD 1.3 billion.

The company had 2,300 employees at the end of June, according to the Reuters report. IG Group has described the changes as a refreshed organizational model, while the exact number of affected roles and expected savings have not been disclosed.

First-half revenue rose 18.00 percent

In the first half of 2026, total revenue increased 18.00 percent to GBP 642.80 million, while net trading revenue rose 21.00 percent to GBP 588.80 million, according to The Traders Spread on October 1, 2026.

EBITDA rose 4.00 percent to GBP 282.00 million in the same period, producing a 44.00 percent margin. The comparison matters because revenue growth was materially faster than EBITDA growth, pointing to investment and integration costs as a central issue for the new operating model.

Stock falls below its yearly high

IG Group's primary listing is on the London Stock Exchange, and its finance-sector profile includes online trading, investments, leveraged derivatives and exchange-traded products. Finance market data put its market capitalization at GBP 4.3 billion on October 1, 2026, with a 52-week range of GBp 1,016.00 to GBp 1,956.00.

The company also reported a director share acquisition through a dividend reinvestment plan on September 23, 2026. The Financial Times said the transaction covered 23 shares at GBP 13.4602 each on September 21, 2026.

IG Group stock falls 2.13 percent

The euro reference price was EUR 15.17 at Lang & Schwarz on October 1, 2026 at 3:36 p.m. CEST, compared with the EUR 15.50 prior close at Lang & Schwarz on September 30, 2026. The stock's current picture combines a 2.13 percent daily decline with faster first-half revenue growth and a restructuring effort tied to the Underdog expansion.

The further course of trading is shown by the continuously updated real-time quote of IG Group stock.

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