This content is not available in your region

TP ICAP reports first-quarter revenue drop

Access to the comments Comments
Text size Aa Aa

LONDON (Reuters) – TP ICAP Plc, the world’s largest interdealer broker, reported a 9% fall in first-quarter revenue on Wednesday, to £483 million from £530 million a year earlier.

The revenue drop reflected an extremely volatile market in March last year due to the COVID-19 pandemic, the company said.

Trading activity in April this year had returned to normal levels and was in line with the group’s forecasts, the company said.

(Reporting by Anna Irrera, editing by Louise Heavens)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.