Icap revenue up despite subdued markets

first_img Icap it has shrugged off “generally quieter markets” in the six months to the end of September to report revenue up nine per cent at £867m.Profits before tax rose two per cent to £183m from £179m in the same period last year, and it increased its dividend by three per cent to 5.27p a share.“During a period of generally quieter markets Icap has delivered good revenue and earnings growth driven primarily by our strong electronic broking franchise,” chief executive Michael Spencer said.The UK broker, which trades currency, bonds and swaps globally, said in an emailed statement on Wednesday its electronic broking and post-trade services businesses accounted for more than half its profit for the first time.Electronic broking profit was up 24 per cent on last year to £62m, its post-trade line was up 30 per cent to £9m, while profit from its traditional voice broking business grew just two per cent, to £107m. John Dunne Wednesday 17 November 2010 2:48 am Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLcenter_img whatsapp Icap revenue up despite subdued markets whatsapp Sharelast_img read more

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