Tullett Falls as Revenue Drops Amid ‘Challenging’ Conditions
This article is for subscribers only.
Tullett Prebon Plc tumbled the most in four months in London trading after the inter-dealer broker reported a drop in sales, citing a “challenging” market.
Revenue fell 9 percent to 252 million pounds ($406 million) in the four months to October and 5 percent this year as activity in the financial markets “remained subdued,” the company said in a statement today. The shares fell as much as