The market, it is said, is always right, but the performance of Icap’s share price is seemingly at odds with the company’s financial growth. Of course, Icap’s shares have been caught up with the general malaise affecting global equity valuations in general and financial stocks in particular but as the company pointed out in an interim management statement issued in mid-July, it has continued to benefit as a result of the continuing volatility in financial markets.
Lee Oliver,
August 06, 2008
