Spread-betting and CFDs provider IG Group said third quarter revenue rose nine per cent from the same time a year earlier after what it described as an unseasonably strong December and reasonably supportive market conditions.
Revenue in the third quarter rose to £96.7m with revenue in the UK, Europe and Australia well ahead of last year.
"Conditions were reasonably supportive throughout the quarter as the financial markets responded to several catalysts, including the clarity around tapering in the US and weaker than anticipated Chinese economic data", the group said in a company statement.
UK revenue during the quarter advanced 11% to £50.9m while UK revenue per client rose 24%. However, the number of active clients fell 11% after a reduction in low value clients.
Australia revenue climbed 6% to £12.9m, Europe jumped 19% to £21.5m while Rest of World fell 7% to £11.4m.
"Assuming that financial market conditions continue to be supportive in the fourth quarter, IG remains on track to deliver revenue ahead of the prior year and in line with full year expectations for 2014," it said.
Operating costs for the full-year are now expected to come in below previous guidance, with hiring taking a little longer than expected and a reduction of around £2m in the FSCS charge for the full-year. This follows the announcement that the FSCS no longer expects to raise an interim levy this year.
IG said its long-term aim is to become the choice for active traders to access the financial markets.
"As part of this, as laid out at the time of the half year results in January, the company is investing over the next few years in a range of initiatives to broaden the business offering, extend its technology lead, particularly in the mobile space, and to expand further geographically," it said.
"The group continues to make good progress on these initiatives, which it believes will generate long-term sustainable growth."
Cairn Energy widened its annual loss, reflecting unsuccessful exploration costs and the disposal of assets.
The oil and gas explorer posted a loss before tax from continuing operations of $1.1bn in 2013, compared to $194.2m a year earlier.
Costs of unsuccessful exploration came to $213m, including $107m relating to the Foum Draa and Juby Maritime wells offshore Morocco. A further $81m was written off on North Sea exploration wells including Frode and Klara in the Norwegian North Sea and Timon in the UK North Sea. Another $25m was written off on assets elsewhere.
In December, Cairn completed the sale of its interest in the UK Mariner field which resulted in an accounting loss before tax of $25m. However, the sale frees the group $300m of future capital expenditure.
"We continually evaluate the entire asset base to ensure that our equity is at appropriate levels to offer potential growth opportunities, allied with appropriate financial risk exposure," the company said.
Cairn added that its net cash of $1.25bn at the end of the period provide the necessary funding to meet planned exploration and development commitments.
The board is suspending its share buy-back programme until the position related to its shareholding in Cairn India is resolved.
In 2012 the group disposed of 11.5% of its shareholding in Cairn India in two separate transactions resulting in a loss of $81.5m.
The Indian Income Tax department have since placed a restriction on Cairn selling further shares
in Cairn India as interactions between the two continue.
"The group was compliant with tax legislation in place at the time in each relevant jurisdiction, including India. The group will take whatever steps are necessary to protect its interests."