Tullett Prebon's 2011 revenues to match 2010
Inter-dealer broker Tullett Prebon expects revenues for 2011 to be on a par with 2010 although adjusting for the closure of some offices in North America and for the acquisition of Convenção, revenue is expected to be around 2% higher.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
Inter-dealer broker Tullett Prebon expects revenues for 2011 to be on a par with 2010 although adjusting for the closure of some offices in North America and for the acquisition of Conveno, revenue is expected to be around 2% higher.
Total revenues for last year are expected to be £908.5m.
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
Tullett has also spent £10m "reducing the cost base", a charge which will be included in the 2011 accounts. The company says further such actions will be taken in 2012
Over the last 12 months Tullett Prebon shares have dropped 30%.
BS
-
What is a care fees annuity and how much does it cost?How we will be cared for in our later years – and how much we are willing to pay for it – are conversations best had as early as possible. One option to cover the cost is a care fees annuity. We look at the pros and cons.
-
How to navigate the inheritance tax paperwork maze in nine clear stepsFamilies who cope best with inheritance tax (IHT) paperwork are those who plan ahead, say experts. We look at all documents you need to gather, regardless of whether you have an IHT bill to pay.
