Broker to rename itself Nex Group after deal with Tullett Prebon completes
British interdealer broker Icap has Monday
reported a 6% drop in annual revenue, citing challenging market
conditions as it confirmed that it will be renamed Nex Group
following its deal with rival broker Tullett Prebon.
The group reported a net revenue of
£1.20 billion for the year to March 31 2016, down 6% on
the £1.28 billion for the year ending in March
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