Revenues hit £1.3bn, down 7% and driven by an 11% decline in global broking
Michael Spencer, chief executive of
interdealer broker Icap, has ruled his firm out of the
running for Trayport, the energy trading business put up for
sale by rival broker BGC Partners last month.
Speaking on an earnings call, Spencer told
investors: "We have looked at Trayport in the past,
it’s a very good asset but we thought it was
rather expensive. So I think it’s very [unlikely]
unless the price drops markedly."
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