(Bloomberg) -- ICAP Plc, the world's largest broker
of transactions between banks, may say tomorrow that pretax
profit rose 24 percent, lifted by computer-based trading of
bonds, stocks, currencies and their derivatives.
Profit before tax and one-time items in the year through
March 31 advanced to 252 million pounds ($497 million) from 204
million pounds in 2006, according to the average estimate of
three analysts compiled by Bloomberg. Revenue at London-based
ICAP, which acts as a go-between for trades in financial markets,
probably rose 20 percent to 1.1 billion pounds.
Read more at Bloomberg Bonds News
of transactions between banks, may say tomorrow that pretax
profit rose 24 percent, lifted by computer-based trading of
bonds, stocks, currencies and their derivatives.
Profit before tax and one-time items in the year through
March 31 advanced to 252 million pounds ($497 million) from 204
million pounds in 2006, according to the average estimate of
three analysts compiled by Bloomberg. Revenue at London-based
ICAP, which acts as a go-between for trades in financial markets,
probably rose 20 percent to 1.1 billion pounds.
Read more at Bloomberg Bonds News
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