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Investment manager and trading firm cut staff to reduce costs

Professional Services Correspondent

Investment manager Brooks Macdonald and online trading company IG Group are both cutting jobs in a bid to drive profits.

Brooks Macdonald said it would cut around 55 roles, while IG said it would cut around 300 roles, representing 10% of its workforce, the companies said in separate 31 October stock market statements.

Brooks Macdonald and IG Group slash staff

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