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Broker dreams

10 July 2018 By Aimee Donnellan

TP ICAP lost a third of its 2.4 bln pound market cap after slashing merger synergy forecasts and sacking boss John Phizackerley. He was too optimistic, but if rising costs associated with Brexit, MIFID II and IT security came as a surprise to the board, he wasn’t the only one.

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