Home
Investment
News & Views
Company News
news storage
Wednesday preview: ICAP looking for revival in voice broking volumes
Tue, 22 May, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Wednesday preview: ICAP looking for revival in voice broking volumes
Tue, 31 Jan 2012, 15:59:00
On Wednesday, the market will get the first word on whether the looked-for upturn in activity on the voice broking side of
ICAP
's business has occurred. Back in November ICAP was seeing disappointing levels of activity for its telephone-based services, as banks reduced their appetite for risk at the end of their financial years, but the inter-dealer broker said this was to be expected, and it was hopeful that 2012 would bring a revival of volumes in its voice markets. The group's outspoken Chief Executive, Michael Spencer, may also find time for a passing comment or two on the proposed "Tobin tax" - a small levy on all financial transactions - currently being promoted by French President Nicolas Sarkozy as a potential palliative for the Eurozone's financial ills. Spencer was recently quoted by Risk magazine as saying there is "not a prayer in Hades" of the UK agreeing to the proposed financial transaction tax (FTT). Spencer, until October 2010 the treasurer of the Conservative party and therefore well connected politically, has reportedly had it on good authority that the UK would veto any attempt to introduce the FTT. "In Hong Kong, Singapore and New York, the very notion it's even being considered is seen as quite extraordinary. Singapore and Hong Kong would have a national celebration if we chose to enact something as stupid as the FTT," Spencer said. ICAP is projected to earn £1.72bn in revenue in the year to the end of March 2012. INTERIM DIVIDEND PAYMENT DATE Brulines Group, FirstGroup, KCOM Group, United Utilities Group INTERIM EX-DIVIDEND DATE Amati VCT , Daejan Holdings, Latchways, Pennon Group, Tricorn Group QUARTERLY PAYMENT DATE Mercantile Inv Trust, Torchmark Corp. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Auto Sales (US) (15:00) Construction Spending (US) (15:00) Crude Oil Inventories (US) (15:30) ISM Manufacturing (US) (15:00) ISM Prices Paid (US) (15:00) MBA Mortgage Applications (US) (12:00) PMI Manufacturing (EU) (09:00) PMI Manufacturing (GER) (08:55) FINALS Piaggio & C Spa, Piaggio & C Spa IMSS ICAP, United Utilities Group AGMS Imperial Tobacco Group UK ECONOMIC ANNOUNCEMENTS PMI Manufacturing (09:30) FINAL DIVIDEND PAYMENT DATE Marston's, SVM Global Fund FINAL EX-DIVIDEND DATE Fenner
jh
©2004-2009 QCK.com