Shares of London based online broker IG Group (LON:IGG) are trading down by 22% on Friday and set a new 52 week low in the process, after the company issued a Q3 Trading Update earlier today that clearly disappointed investors.

IG’s update, which indicated among other things that revenue in Q3 2026 is expected to be approximately £240 million, down 14% YoY from Q3 2025 (£280.1 million), said that full year 2026 revenue growth is now expected to be in the mid-single-digit per cent range year-on-year, below previous expectations.

The IG announcement shouldn’t have really come as a surprise to investors. Early last month we reported that IG was planning major layoffs from its 2,300 employee base, as part of a major reorganisation of the company.

IG’s announcement seems to have affected the whole sector, with Plus500 (LON:PLUS) trading down by 4%, CMC Markets (LON:CMCX) dropping by 9%, and Poland listed XTB SA (WSE:XTB) off by more than 3%. Plus500 was actually down by 14% earlier Friday, and then took the unusual step of issuing its own “damage control” brief update in the middle of the trading day.

IG shares (now at GBP 9.98) traded as low as GBP 9.31 earlier Friday – down by 27% from Thursday’s close of GBP 12.79, setting a new 52 week low.

LON:IGG 1-year share price graph. Source: Google Finance.