IG Group Proposes Jersey Holding Company, Reorganises Commercial Divisions After Revenue Surge | LeapRate
On Wednesday, IG Group Holdings (LON: IGG) proposed establishing a new holding company incorporated in Jersey and announced a streamlined organisational structure, alongside a strong first-half trading update showing revenue is expected to be up 18% year-on-year.
The proposed new holding company, subject to shareholder and regulatory approval, is designed to give the group “greater financial and strategic flexibility” and better reflect its international footprint, with around two-thirds of revenue now generated outside the UK.
The group’s London Stock Exchange listing, UK tax residency and London operations will all remain unchanged. The scheme of arrangement is expected to become effective in the fourth quarter of 2026, with a shareholder circular due in the third quarter.
Alongside the structural change, IG is combining three regional commercial divisions, UK & Ireland, Europe, and APAC & Middle East, into a single commercial business unit to be led by Michael Healy as Chief Executive, IG Consumer. North America and Institutional will continue as separate units.
For the half year ended 30 June 2026, IG expects total revenue of approximately £643 million, up around 18% on the prior year, with organic revenue of approximately £624 million, up around 16%.
First trades increased approximately 107% on a reported basis and active customers rose approximately 66%.
The board reiterated its full-year 2026 guidance for organic revenue growth of 10-15% on the 2025 base, with EBITDA margins in the mid-40s per cent range. A full strategy update is expected in autumn 2026.
