July 8 (Reuters) - Britain's IG Group ( IGGRF ) on Wednesday
proposed establishing a new group holding company in Jersey as
the online trading platform presses ahead with a strategic
overhaul aimed at unlocking shareholder value.
The FTSE 100 firm's Jersey plan reflects a broader shift in
its business away from its British roots, with around two-thirds
of revenue now generated outside the UK.
London-listed financial firms have increasingly sought
structural flexibility to pursue growth in fast-moving global
markets reshaped by new trading technologies.
IG also posted an 18% year-on-year jump in first-half
revenue, with active customers increasing about 66% on a
reported basis.
(Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu
Sahu)