IG Group Share Price Slumps as Underdog Deal and Capital Pause Weigh on Near-Term Earnings
IG Group Holdings PLC stock fell sharply, down 8.1% to 1342p, after the firm announced its H1 2026 results and a proposed purchase of U.S. fantasy-sports operator Underdog for up to about $1.3 billion. Investors reacted to the deal's limited near-term earnings uplift, a suspension of the share buyback programme, rising operating costs that compress…