London based Retail FX, CFDs and Spreadbetting broker London Capital Group (or LCG) has announced that it has received FCA approval for the transaction which will see the operations of the brokerage transferred to a private company controlled by Charles-Henri Sabet, called SLCG International DMCC. The publicly traded company now retains 8.5% of the issued share…
Read moreThis week in Forex Industry News at LeapRate... How much did GAIN Capital sell its institutional FX unit GTX for? On which dates do the ESMA binary options ban, and CFD leverage cap, kick in? Who's the new CEO at London Capital Group? Why is Playtech's Markets.com launching a new brand called MarketsX? What warning…
Read moreFCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its results for the full year 2017, indicating steady if unspectacular improvement in the second half of the year. However, the company continues to lose money, albeit at a slower rate. And, most interestingly, the company separately announced that…
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Following our exclusive report from earlier this month revealing that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet, the company has announced that a shareholders meeting was held yesterday and that the proposed transaction (see more details below) was approved as planned. The going-private…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet. Mr. Sabet and his investor group GLIO Holdings already control the publicly traded parent company London Capital Group Holdings PLC (which we'll call 'Holdings'), with a 78.1% holding. However…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to hold a shareholder vote on delisting the company’s shares from trading on the London Stock Exchange AIM market on February 6. When LCG originally announced its plans to delist from the LSE in late December,…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to delist the company's shares from trading on the London Stock Exchange's AIM market. LCG didn't give an exact date for the delisting, just that it would convene a shareholders meeting to vote on the matter…
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LCG has announced a four-year global partnership with one of the world’s leading sportsmen, Stan Wawrinka. LCG’s new Global Brand Ambassador, Stan Wawrinka, is currently ranked the No. 3 tennis player in the world. Wawrinka is a three-time Grand Slam tournament winner. He has also won a gold medal for Switzerland at the 2008 Olympics in…
Read moreLeapRate Exclusive Interview... There have been no shortage of skeptics in the online trading world, as well as in the London City crowd, when it comes to London Capital Group Holdings plc (LON:LCG). LCG saw a change of control and complete makeover of its website, logo, trading platform, management, and a recapitalization led by entrepreneur Charles-Henri…
Read moreLeapRate broke the news earlier today of the proposed recapitalization at FCA regulated online trading firm London Capital Group Holdings plc (LON:LCG), which will see CEO Charles-Henri Sabet and his partners inject £10 million (USD $14.6 million) into the company. We referenced in our coverage a filing which the company made with the London Stock Exchange…
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