IG Group

Ticker IGG

Today's data summary

Market open
% change
+0.50%
Price Pence
599.00
Change
+3.00
As of 12:59 18 Feb 2019
Market cap. Pound sterling
2,209.38 million
As of 12:59 18 Feb 2019

Latest updates

DCC shares hit bum note

Musical instruments
Getty Images

Relief that TUI weathered this summer's heatwave (see post at 8:49am) sent shares in the travel company to the top of the FTSE 100 this morning, up 1.95% at £14.64.

Distribution group DCC saw its shares lead the biggest losers, down 4.1% at £70.12, after it said it would buy musical instruments specialist Jam Group for $170m (£130m).

It plans to issue new stock to finance acquisitions.

The FTSE 100 is down 5.81 points at 7,505.68.

IG Group's shares tumbled by 8.7% to 669.5p - the biggest faller on the FTSE 250 - after it announced that its chief executive was stepping down with immediate effect.

TalkTalk topped the gainers, up 3.1% at 125.25p.

The FTSE 250 is down 0.36% at 20,362.22.

IG Group boss steps down

IG Group has announced that its chief executive Peter Hetherington will step down with immediate effect.

Mr Hetherington will stay on with the spread-betting firm to help with the transition but IG Group said its finance boss Paul Mainwaring will become interim chief executive.

The company said: "The board is well advanced with its search for a new chief executive."