1st Apr 2005 07:01
ICAP PLC01 April 2005 ICAP Trading Statement London, April 1st, 2005 - ICAP plc (IAP.L), the world's largest interdealerbroker announces the following trading update at the end of its financial yearon 31 March 2005. ICAP's preliminary results will be announced on 24 May 2005. Profit (before tax, exceptional items and goodwill amortisation) for thefinancial year ended 31 March 2005 is anticipated to be at the top end ofcurrent market expectations+. Michael Spencer, Group Chief Executive, commented, "At the time of our Interimresults in November 2004 we described the improving conditions following a slowsummer. The last quarter of our financial year is traditionally a busy periodand this year has been no exception. The performance of our electronic brokingbusinesses has continued to be particularly encouraging with rising volumes andincreasing market share." Note: + The current market expectations of ICAP plc pre-tax profits referred to inthis announcement are based on forecasts of profit before tax, exceptional itemsand goodwill amortisation provided to ICAP plc by eight equity analysts. Theyrange between £172 million and £175 million. About ICAP: ICAP is the world's largest interdealer broker and following the acquisition ofthe BrokerTec fixed income securities businesses is the world's leadingelectronic broker of fixed income securities with a daily average transactionvolume in excess of $800 billion, 50% of which is electronic. The Group isactive in the wholesale market for OTC derivatives, fixed income securities,money market products, foreign exchange, energy, credit and equity derivatives. Contacts: Michael Spencer Group Chief Executive (44) 20 7050 7400Mike Sheard Director of Corporate Affairs (44) 20 7050 7103Neil Bennett The Maitland Consultancy (44) 20 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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