Tuesday, 22 May 2007

ICAP Profit Probably Rose 24% on Computer-Based Trades: Earnings Outlook

(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

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