Nordnet AB (publ) vs IG: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Nordnet AB (publ) (0A6V.LSE)

Q3 20268 Jul – 2 Oct 2026

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Q3 revenue warning and outlook cut IG said Q3 revenue would fall 14% to about £240m because it kept less of customers' trading losses, and cut its 2026 growth outlook. Shares fell as much as 27%, as investors feared the core business is weakening.
This is the single biggest new driver of the share price this period.
Underdog acquisition and US pivot IG is buying US fantasy-sports firm Underdog for up to $1.3bn, doubling US revenue and boosting customers. But it paused buybacks until 2027 and faces regulatory fights in 16 states, so the promised growth comes with real risk.
The deal is the main strategic force behind the stock and explains both optimism and the sell-off.
Jersey redomicile and restructuring costs IG is moving its holding company to Jersey and reshaping its organisation, with about £30m of one-off costs expected in 2026. The move adds uncertainty and expense, and the stock fell 3% when it was first reported.
It is a new structural change that affects costs and investor perception.
Underdog shifts fully to prediction markets Underdog is giving up fantasy-sports licences in seven states to focus on prediction markets, which IG expects to be almost all of its business long term. That sharpens the US growth story, though state regulators remain a hurdle.
It shows how the acquired business is adapting and supports the long-term growth case.

August 20268 Jul – 2 Oct 2026

▼2▲1

Q3 revenue warning and outlook cut IG said Q3 revenue would fall 14% to about £240m because it kept less of customers' trading losses, and cut its 2026 growth outlook. Shares fell as much as 27%, as investors feared the core business is weakening.
This is the single biggest new driver of the share price this period.
Underdog acquisition and US pivot IG is buying US fantasy-sports firm Underdog for up to $1.3bn, doubling US revenue and boosting customers. But it paused buybacks until 2027 and faces regulatory fights in 16 states, so the promised growth comes with real risk.
The deal is the main strategic force behind the stock and explains both optimism and the sell-off.
Jersey redomicile and restructuring costs IG is moving its holding company to Jersey and reshaping its organisation, with about £30m of one-off costs expected in 2026. The move adds uncertainty and expense, and the stock fell 3% when it was first reported.
It is a new structural change that affects costs and investor perception.
Underdog shifts fully to prediction markets Underdog is giving up fantasy-sports licences in seven states to focus on prediction markets, which IG expects to be almost all of its business long term. That sharpens the US growth story, though state regulators remain a hurdle.
It shows how the acquired business is adapting and supports the long-term growth case.

Latest8 Jul – 2 Oct 2026

▼2▲1

Q3 revenue warning and outlook cut IG said Q3 revenue would fall 14% to about £240m because it kept less of customers' trading losses, and cut its 2026 growth outlook. Shares fell as much as 27%, as investors feared the core business is weakening.
This is the single biggest new driver of the share price this period.
Underdog acquisition and US pivot IG is buying US fantasy-sports firm Underdog for up to $1.3bn, doubling US revenue and boosting customers. But it paused buybacks until 2027 and faces regulatory fights in 16 states, so the promised growth comes with real risk.
The deal is the main strategic force behind the stock and explains both optimism and the sell-off.
Jersey redomicile and restructuring costs IG is moving its holding company to Jersey and reshaping its organisation, with about £30m of one-off costs expected in 2026. The move adds uncertainty and expense, and the stock fell 3% when it was first reported.
It is a new structural change that affects costs and investor perception.
Underdog shifts fully to prediction markets Underdog is giving up fantasy-sports licences in seven states to focus on prediction markets, which IG expects to be almost all of its business long term. That sharpens the US growth story, though state regulators remain a hurdle.
It shows how the acquired business is adapting and supports the long-term growth case.