LONDON (dpa-AFX) - ICAP plc (IAP.L, IAPLY.PK, IAPLF.PK) said group revenue from continuing operations for the third quarter was down 7 percent from the strong prior-year quarter. The company noted that the continued uncertainty in the Eurozone and constraints on market liquidity, together with customers reducing risk before the year-end, led to more subdued volumes. ICAP's post trade businesses however continued to perform strongly throughout the period. Group revenue from continuing operations for the nine months to 31 December was 2% lower than the same period in the previous year. Looking ahead, the company now expects pre-tax profits for the year to 31 March 2012 to be towards the upper end of the current analyst range of 336 million pounds to 358 million pounds. Further, ICAP said its Board has appointed John Sievwright as its Senior Independent Director.
Copyright RTT News/dpa-AFX
© 2012 AFX News
