Icap shares suffer amid slow growth speculation
Shares in the world's largest interdealer continued a bad run throughout the week, which started when analysts lowered earnings forecast last Monday (July 7). Icap fell 7.5% last Thursday to £4.28, its lowest level since March 2006, causing the month's total share value to decline by 21%, and traded at £4.24 by last Friday.
On Monday, Credit Suisse analyst Rupak Ghose cut Icap's earnings forecast for this year by 9%, and next year by 10%, citing significant slow growth in some of its key business
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