Spread betting company City Index has agreed to snap up financial trading platform operator IFX Group.
City Index and IFX announced today that they have agreed a recommended cash offer priced at 180p per share, valuing IFX at £57.9m.
The offer comes at a 15% premium to IFX’s share price on 25 April, when it was announced [...]

IG Group – Britain’s biggest spread-betting company, posted a 51 percent rise in core profit to 52.6 million pounds on Monday and said a return of cash to shareholders was becoming more likely.

The company, which allows investors to speculate on currencies, interest rates, shares and indices, had said in an earlier trading update it expected [...]