ICAP Says Full-Year Profit Rises 3.5% on Surge in Electronic Broking

(Bloomberg) -- ICAP Plc, the world's largest broker
of transactions between banks, said full-year profit rose 3.5
percent on increased computer-based trading of bonds, stocks,
currencies and their derivatives.

Net income rose to 121.3 million pounds ($239.6 million) for
year to March 31, from 117.2 million pounds a year earlier, the
London-based company said today in a Regulatory News Service
statement. Revenue rose 20 percent to 1.1 million pounds.


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