IFG will have to work hard to restore Confidence

IFG will have to work hard to restore Confidence

IFG's joint venture mortgage business with GE Capital last week surpassed the milestone of €1 billion in lending.

IFG's joint venture mortgage business with GE Capital last week surpassed the milestone of €1 billion in lending.

The news did little to assuage nervous investors, after an unexpected profit warning by the company wiped out almost one-quarter of its valuation.

Shares in IFG had recovered 7 cent to 78 cent by last Friday, but the damage to investor confidence may take a little longer to overcome. IFG warned in a trading statement that earnings per...

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