Plus500 (LSE:PLUS) shares fell 8.8% on Thursday, trading at 3,115 pence after opening at 3,298 pence, as shares in rival IG Group (LSE:IGG) also declined following an update to its 2026 revenue outlook.
IG Group reduced its forecast for 2026 revenue growth to a mid-single-digit percentage range, citing weaker market conditions that affected revenue retention in its over-the-counter derivatives business.
The decline in Plus500 came despite no company-specific financial update being identified in the supplied information. The share-price movement coincided with selling in IG Group and broader weakness among UK equities.
The FTSE 250 was down 0.21% during the session, while UK government bond yields increased. The 30-year gilt yield reached 6.029%, its highest level since January 1998, according to the supplied market data.
Rising oil prices also contributed to inflation concerns, while government borrowing costs increased across global markets.
The supplied information also noted that Plus500 shares were trading below their 52-week high and certain moving averages. These technical indicators describe recent share-price performance but do not establish the cause or future direction of the stock.
Plus500 itself did not announce a change to its financial guidance or operating performance in the information provided.
About Plus500
Plus500 is a London-listed financial technology company providing online trading services through its proprietary platforms.
The company operates in the retail trading sector, including markets in which it competes with other listed trading platforms such as IG Group.
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