Inter-dealer broker ICAP is to prune back staffing levels in less profitable areas of the business, as a result of which pre-tax profits for the year to the end of March will be at the upper end of the current range of analyst forecasts.
Analysts' forecasts of pre-tax profits currently range from £336m to £358m.
More to follow ...
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
-
-
11 reasons you need to register for self-assessment before 5 October
There are lots of reasons why you may need to register for self-assessment. But you’ll need to act fast to meet the 5 October deadline.
-
Is there an ISA boost on the way?
Jeremy Hunt is reportedly planning large-scale ISA reforms, which include merging cash and stocks and shares products, and introducing an ISA for UK investments. We have all the details.
