TC ICAP trading statement

[77ss]

http://www.investegate.co.uk/tp-icap-pl ... 00074901T/

History now, as it only covers Tulllett Prebon's business up to the consummation of its deal with ICAP (now NEX).

Still, a rise in income of 12% over the calendar year (4% at constant exchange rates) looks OK. I hope it augurs well for the new, much larger group!

Not a wholly convincing HYP choice these days, with the yield having fallen below 4%. But if it makes a success of the merged business then I feel (hope?) that it could do well.