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Northgate loses ground as it takes on a new driver

…down another 1.06p at 32.27p, was said to be still feeling the effects of cautious broker comments earlier this week. Tullett Prebon, the inter-broker dealer run by Terry Smith, was marked 29.1p lower to 262p after ICAP, a rival, warned that earnings this…

Icap shares slump after profit warning

…having lost as much as 19% earlier in the session. The stock is still up around 35% over the last year. Shares in rival Tullett Prebon /quotes/comstock/23s!e:tlpr (UK:TLPR 272.40, -18.70, -6.42%) were also hit hard by the announcement, dropping 6% in London. Icap…

Tullett Prebon chief's evidence questioned

…gave evidence showed that he was more closely involved with trying to keep staff than he had previously said. He also said Tullett tried to “intimidate” and “frighten” staff to prevent them leaving for BGC. A judgment in the four-month High Court case is…

Tullett Prebon tried to ‘intimidate’ brokers into staying

…managers at Tullett Prebon, the interdealer broker, “frightened” and “intimidated” staff in an attempt to stop them leaving for rival BGC Partners, it was alleged yesterday. Tullett executives launched a “major operation” to “persuade, pressure, scare and…

BGC's Howard Lutnick sanctioned Tullett raids

…illegal conspiracy by BGC Partners, the interdealer broker, to poach staff from rival Tullett Prebon, was sanctioned by Howard Lutnick, BGC's chairman and chief executive, it was alleged today. Tullett, which is suing BGC for damages over the alleged poaching…

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