FNG Exclusive… FNG has learned that recently-rebranded FCA licensed online broker London Capital Group (or LCG) saw a significant improvement in its financial results in 2024, with the company seeing positive cash flow in the second half of the year. LCG will also apparently report a statutory profit for the full year 2024.
That comes following a difficult year for the company when LCG posted a Net Loss of £6.0 million in 2023 – more than double 2022’s loss of £2.4 million – after LCG moved to an Introducer model under new managers Dave Worsfold and Matt Basi.
