ICAP Tumbles After Broker Lowers Full-Year Outlook (Update3) (Bloomberg)

Feb. 5 (Bloomberg) — ICAP Plc plunged after the world’s largest broker of transactions between banks cut its outlook for full-year profit, saying new businesses are taking longer than anticipated to become profitable. Related Articles: Stocks surge on strong US jobs data Stocks surge on strong US jobs data Dollar rises as [...]

Feb. 5 (Bloomberg) — ICAP Plc plunged after the world’s largest broker of transactions between banks cut its outlook for full-year profit, saying new businesses are taking longer than anticipated to become profitable.

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