In its interim management statement released yesterday (Thursday), which covers the period from October 1 2007 to date and the outlook for the rest of the financial year to March 31 2008, the company said: “Icap’s markets continue to display strong, long-term structural growth with an underlying, medium-term industry revenue growth rate estimated to be at least 10% per annum. This structural growth rate covers both periods when volatility and volumes in the wholesale financial markets can be very high and also quieter periods when these markets are more subdued.
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