EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our new foreign exchange news service

Country risk survey monitoring political and economic stability of countries around the globe

August 2008

Icap: FX helps drive growth at Icap

The market, it is said, is always right, but the performance of Icap’s share price is seemingly at odds with the company’s financial growth. Of course, Icap’s shares have been caught up with the general malaise affecting global equity valuations in general and financial stocks in particular but as the company pointed out in an interim management statement issued in mid-July, it has continued to benefit as a result of the continuing volatility in financial markets.


"Group revenue (excluding the recent Link acquisition) grew by 15% in the quarter ended June 30, 2008 compared with the same period in the previous year," Icap said in a press release, adding: "Icap has a broadly diversified revenue base and in many markets the group benefited...


The rest of this article is available to subscribers only

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.