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British online trading firm IG reports rise in annual profit

British online financial trading company IG Group Holdings Plc. said on Tuesday that full-year pretax profit rose 3 per cent, beating analysts’ estimates.

The company, which provides online stockbroking and trading services to retail investors, said it had made “good progress” in getting regulatory approval for a subsidiary based in the European Union as it prepares for Britain’s exit from the bloc.

IG reported a 3 per cent in pretax profit for the year ended May to 213.7 million pounds, beating company compiled consensus estimates of 211.7 million pounds, based on 5 analysts, in a year it called one of the least volatile in financial markets for decades.

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