iap13 Feb 2013 18:27
"I suggested last week that it might be best to avoid Icap, if, like me, you took a cautious view of the outcome of the Libor scandal," Tempus comments. The shares lost another 5 1/2p to 352 1/4p after suggestions that American authorities were taking an interest. This should be no surprise, but, as a note from Numis Securities makes clear, until the uncertainty is cleared up and there are clearer signs that US interest rates are rising, there seems no compelling reason to own the shares, Tempus adds.