ICAP's revenue and profit rise in 2010, publishes preliminary statement

ICAP, the largest interdealer broker and arguably the largest institutional Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker has just published its preliminary statement for the last fiscal year (ICAP's fiscal year ends on March 31st).

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Group financial highlights:

• Group revenue from continuing operations increased by 8% to £1,741m with profit2 of £350m up 4%
• Electronic revenue of £302m increased by 20% produced operating profit3 of £123m up 23% - a record high for our electronic broking business
• Post trade risk and information revenue rose 30% to £184m and produced operating profit3 of £79m up 14% - our strongest performance to date
• Electronic broking and post trade risk and information contributed 54% of operating profit3
• The Group's operating profit3 margin was 22% (2010: 22%), unchanged on the prior year as a result of investment in new businesses and one-off costs.
• EPS (basic) up 59% to 28.7p; EPS (adjusted basic) up 22% to 39.9p
• The directors recommend a final dividend per ICAP share of 14.68p, which

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ICAP Preliminary statement for the year ended 31 March 2011

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