Garban-Intercapital Money-Broking Up By Nearly 50% For First Half 2000
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LONDON--Voice broker Garban-Intercapital increased its money broking profits by nearly 50% year-on-year for first half 2000 -- despite an 18% reduction in turnover in the same period. The results, which cover the six months to September 30, 2000, were released last week.
Michael Spencer, chief executive of Garban-Icap in London says the company has benefitted from the removal of overlapping businesses since its creation. Garban-Icap was formed by the merger of broking houses Garban and
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