ICAP full-year profit falls 11 pct

May 16, 2016 6:30 AM

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May 16 British interdealer broker ICAP Plc said its full-year trading pretax profit fell 11 percent, hurt by adverse currency movement.

ICAP, which agreed to merge its global hybrid voice broking business with Tullett Prebon Plc, said trading profit before tax was 203 million pounds ($291.7 million) for the year ended March 31, compared with 229 million pounds a year earlier.

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