Tullett Prebon benefits from market volatility
NEWS
Although revenues for the business were only up £9.2 million in H1 2006, the company said underlying revenue growth for Tullett Prebon was £28 million, up 9%. Underlying revenues exclude revenues lost during 2005 as a result of staff losses in Asia, disposals and closures.
Treasury products, encompassing FX, were up 29% to £102.3 million versus the H1 last year. Meanwhile, interest rate derivatives’ revenue was up 25% making £88.1 million for the period.
Saima Farooqi
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