IG held back by muted market

IG Group’s profit grew less than expected in the year to May, after battling low levels of volatility despite the shock Brexit vote and Donald Trump’s surprise victory in the US election. However, shares in IG Group closed up 16.4pc at 646p after it said a 3pc rise in pre-tax profit to £213.7m for the year and an 8pc increase in revenues to £491.1m meant that it had beaten last year’s record.