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Icap sees full-year pretax profit within forecasts

Interdealer broker posts strong first-half performance in turbulent markets

UK interdealer broker Icap said on Thursday that it expects revenue in its fiscal first half ending September 30 to be up 9% from a year earlier, helped by active trading in financial markets, and that full-year pretax profit would be in line with analysts' forecasts.

"If the pattern of business we have seen during the first six months continues for the rest of the financial year, then the current range of analysts' forecasts for Icap's profit is reasonable," the company said.

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