IFG shares plunge as legal cost row scuppers dividend

Shares in Irish-founded financial services group IFG plunged by as much as 10% on the back of it forecasting legacy legal costs — connected with an investment sold to clients — could stretch to around £20m (€23m), scuppering chances of a final dividend being paid to investors for 2017.

IFG shares plunge as legal cost row scuppers dividend
Sat, 03 Feb, 2018 - 07:00

By Geoff Percival

Shares in Irish-founded financial services group IFG plunged by as much as 10% on the back of it forecasting legacy legal costs — connected with an investment sold to clients — could stretch to around £20m (€23m), scuppering chances of a final dividend being paid to investors for 2017.

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