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ICAP Slides as Broker Leaves Profit Forecast Unchanged

ICAP Plc, the world’s largest broker of transactions between banks, tumbled in London trading as it left its full-year profit forecast unchanged after analysts had predicted an increase.

Revenue rose 2 percent in the fiscal first quarter from the year-earlier period, ICAP said in a statement today. The London-based company left its forecast for full-year pretax profit unchanged at between 284 million pounds ($423 million) and 304 million pounds for the year through March 2014.