Tullett Prebon Slumps Most in Three Months as Profit Declines
This article is for subscribers only.
Tullett Prebon Plc, the British interdealer brokerage, slumped the most in more than three months after it reported a decline in full-year revenue and profit.
Pretax profit before one-time items fell 13 percent to 86.6 million pounds ($133 million) in 2014 from a year earlier, the London-based company said in a statement on Tuesday. The shares declined 5 percent to 333.9 pence at 11:10 a.m. in London, the most since Nov. 21. The shares are up 17 percent for the year.