Reported, after exceptional and acquisition related items
Operating profit £45.4m (2015: £118.8m*)
Profit before tax £35.5m (2015: £111.1m*)
Basic EPS 11.9p (2015: 36.2p*)
*Includes the impact of the £64.4m credit relating to major legal actions.
A table showing Underlying and Reported figures for each period, detailing the exceptional and acquisition related items is included in the Financial Review.
The average number of shares used for the basic EPS calculation for period is 242.7m.
Operational Summary
Resilient performance from the broking business in challenging market conditions
Strong performance in Energy and Commodities, and Equities products
Strong contribution from Information Sales and Risk Management Services ("RMS")
Tullett Prebon Information named best data provider for sixth consecutive year
Strategic Developments
Planning for the integration of ICAP's global hybrid voice broking and information business ("IGBB") progressing well
The Company continues to pursue strategic partnerships and high quality acquisitions
Dividend
As in previous years, the interim dividend for 2016 has been set at a level equal to 50% of the final dividend paid for the previous year. This approach to setting the interim dividend is expected to continue. A 5.6p per share interim dividend will be paid on 14 November 2016 to shareholders on the register at close of business on 2 September 2016. For more details on future dividend payment schedules see page 14 of this interim management report.
