ICAP Sales Fall 9% On Euro Crisis As Spencer Downplays Libor

ICAP Plc (IAP), the world’s largest broker of transactions between banks, said fiscal first-quarter sales fell 9 percent as Europe’s sovereign debt crisis hurt trading.

Full-year pretax profit will be in the middle of the 335 million-pound ($520 million) to 365 million-pound range of analyst estimates, London-based ICAP said in a statement today. ICAP earned 354 million pounds for the 12-month period ended in March 2012, according to the statement.

View More 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s