LONDON --�Shares in�IG Group� (LSE: IGG ) �shot up 8% in early trade this morning to reach 565.50 pence, following the announcement of the firm's positive third-quarter figures.
Revenue was ahead in all regions, as total revenue increased 18% to 88.6 million pounds in Q3 FY2013 compared to 75.1 million pounds in the same period last year. Highlights include the U.K. seeing a rise of 15%, while the faster-growing regions of Europe and Rest of World both performed admirably at +22% and +51% respectively.
The second key performance metric, revenue per client, saw boosts across the board as well,�totaling�a 14% increase. The U.K. saw a 16% boost, while Rest of World soared to a 24% uplift.
This was enhanced by a relatively weak comparative quarter in Q3 FY2012, while management also pointed toward increased activity across the business as client sentiment improved in what was a very strong year overall. The financial derivatives trading company saw stronger equity markets particularly around�the U.K.'s credit rating downgrade as well as the fiscal cliff negotiations in the U.S.
Looking ahead to the fourth quarter, IG�Group is "mindful of the strength of the final quarter of the last year and the fact that a degree of uncertainty exists around consumer sentiment more broadly," despite its market leadership positions, cost discipline and strong balance sheet leaving it very well positioned for continuing growth.
The shares have been somewhat on a run�recently, soaring from 497 pence at the beginning of March to put on 68 pence in less than two weeks. IG�Group appears to thrive in uncertain economies, having seen recent boosts in particular from intra-day volatility in the major indices -- add in the current yield of 4.3%, and it could be a decent prospect as an income share.
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