In brief
Treasury down at Tullett Prebon
London-based interdealer broker Tullett Prebon has posted a year-on-year decline in revenues from its treasury business.
The broker's treasury operations, which include foreign exchange, dipped to £96.5 million ($1.34 billion) in the first half of 2007. This is down 2% from £98.5 million in the first half of 2006.
According to an equity research report released by Lehman Brothers last week (September 11), Tullett Prebon's treasury decline was due to a slowdown in
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