Volatility drought hits London Capital Group
London Capital Group
(LCG) have to wait until a 12 March deadline before finding out whether a preliminary approach from Cantor Fitzgerald Europe, GAIN Capital Holdings and City Index turns into a formal offer for the beleaguered online spread betting firm. Judging by last year's performance, a takeover might come as a relief after the company fell into the red and axed the final dividend as low levels of volatility took their toll.
By Jonas Crosland,
21 February 2013