Interdealer Broker ICAP released its half year earnings report this morning with declines in both the top and bottom line. For the six months ended September 30th, ICAP posted an adjusted EPS of 15.4p on revenues of £746 million, a drop of 21% and 14% respectively from 2011 results. Highlights of the report included a 10% increase in its dividend to 6.60p, and £50 million in cost savings, and growth in its Traiana post trade processing division. ICAP blamed the earnings shortfall on the … [visit site to read more]
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