IG Group has stated that its full year revenue and profit before tax are set to "meet or slightly exceed" the upper end of its current expectations of £1.05bn and £516.3m, respectively.

This is an increase from previous respective expectations of £1.03bn and £500.5m.

The online trading platform said in its latest trading update for Q4 that elevated volatility across a range of asset classes, particularly in April, has results in higher levels of client trading activity.

It added that Freetrade, which IG Group acquired last month, has "continued to trade well" in Q4, with performance tracking in line with the group’s expectations.

The update comes after the group extended its current share buyback programme by £50m to £200m, which it stated will be completed in the current financial year.

As of 9 May, 4.1 million shares had been repurchased at a cost of £39.1m.

Furthermore, it has refinanced its £400m revolving credit facility, which is due to mature in October 2026, with a further £600m facility expiring in May 2030.

IG Group stated that the new facility "aligns with the increased size of the business" and will support its future growth objectives.

The group has announced that it will publish its full year results on 24 July.

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