The following article was written by Jasper Lawler, Senior Market Analyst at FCA regulated broker LCG. European markets fell on Friday after the Spanish socialist party (PSOE) leader, Pedro Sanchez, declared his intention to organize a no confidence vote to topple the current government over the ongoing Gürtel political corruption scandal. With increasing concerns over…
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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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What warnings are Chinese authorities now posting for foreign Retail FX brokers operating in the country? Who is taking London Capital Group private? Who has replaced Teddy Sagi as Playtech's largest shareholder? Why did Exness inject $2 million into its FCA regulated UK sub? What FX sector executive moves were made involving Pepperstone, Saxo Bank, IG…
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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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Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc has announced some changes to its board of directors. Joining the LCG board is Olivia Blanchard, who will become a Non-Executive Director of the company, effective immediately. Olivia Blanchard has worked in a number of sectors including private banking, investment banking, asset management and institutional…
Read moreSSE Enterprise Telecoms – the UK’s leading provider of network infrastructure and data centre services, and part of the SSE group – today announced that it is providing leading online financial trading company, London Capital Group Holdings plc (LON: LCG), with ultra-resilient connectivity from its head office in Knightsbridge, London, to its two mission-critical data…
Read moreUK online trading firm London Capital Group Holdings plc (LON:LCG) today provided a trading update for the full year to December 31, 2015. The company forecasts that: Group revenue from continuing operations for the year will be £15.5m (2014 group revenue from continuing operations: £22.7m). Adjusted loss before tax for 2015 will be circa £13.9m…
Read moreConfirming LeapRate's Exclusive report from Monday, UK online trading firm London Capital Group Holdings plc (LON:LCG) today officially announced the launch of a new brand and a new spread betting platform. London Capital Group said that it has consolidated its Capital Spreads and London Capital Group brands under a single global brand identity which will operate…
Read moreCompetition in the ultra-competitive UK online market heating up as LCG joins ETX Capital and others in upgrading their technology and look to suit a new generation of traders.
Read moreThe sale was done for shares, meaning that Spotware's shareholders will now hold an approximate 5% stake in LCG
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