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TP ICAP flags lower revenues as pandemic volatility softens

TP ICAP flags lower revenues as pandemic volatility softens

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TP ICAP PLC had reported a slight revenue decline in the first half of 2021 as a result of what it said were “quieter markets” compared to the volatile trading seen in the first half of 2020 when the pandemic struck the financial sector. In a trading update for the six months to June 30, the FTSE 250 broker said revenue for the period will be £936mln, down 5% year-on-year, driven by a 7% drop in global broking revenues caused by the “generally subdued” market environment compared to a year ago.

...read full article on Proactive Investors

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