ICAP Reports Failure to Achieve its Profit Expectations
Submitted by Manish Verma on Sat, 02/06/2010 - 18:50
Britain's ICAP, the World's biggest interdealer broker, augured its full-year earnings below expectations on Friday; revealing new businesses were consuming longer than anticipated to become profitable.
It shares plunged by 16.2 percent at 829 GMT after broker said underlying full-year profit would be between 295 million and 315 million pounds.
