Tullett Prebon Sees Rising Full-Year Profits Ahead of Landmark Deal with ICAP
Posted: Mon Feb 29, 2016 11:57 am
Tullett Prebon Plc, a UK interdealer broker has reported its financials for the year ending December 31, 2015, which saw a healthy growth across its profits, notably on the eve of a landmark deal with ICAP, according to a Tullett Prebon filing.
More specifically, Tullett Prebon reported a rise of 7.1% in total profits for the year ending December 31, 2015, which was fueled in part by a combination of cost cutting measures, a higher propensity of energy and commodities trading, as well as the impact of heightened volatility across those markets.
For the fiscal year, Tullett Prebon also showed an ... (read more)