Wednesday, 23 May 2007

ICAP Second-Half Profit Rises 8.7% as Electronic Broking Revenue Doubles

(Bloomberg) -- ICAP Plc, the world's largest broker
of transactions between banks, said profit in the second half
rose 8.7 percent on increased computer-based trading of bonds,
stocks, currencies and their derivatives.

Net income rose to 61.4 million pounds ($122 million) in the
six months to March 31 from 56.5 million pounds a year earlier,
according to Bloomberg calculations based on ICAP's full-year
results reported today. Second-half revenue climbed 18.6 percent
to 563.5 million pounds.


Read more at Bloomberg Bonds News

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