Icap quells fears with positive Q2 results
In a management statement issued on July 16, Icap said market volatility, particularly in rates, foreign exchange and energy markets, were the main drivers for growth. This led Icap's share price to rebound to £4.76 on July 17, having fallen to £4.28 on July 10 - its lowest level since March 2006 - as investors feared its outlook for growth in key businesses (FX Week, July 14 2008).
"People had been concerned about the potential impact of de-leveraging and risk aversion, and therefore of a
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