Heart broker

A mere publicity stunt. That is what some have labelledPrebon’s claimsfor damages after three coal brokers it hired broke their contracts and wentback to their original employee, Icap.

And Icap says it has no intention of recognising rival broker Prebon’s £2million claim, according to its director of corporate affairs Mike Sheard.

But Prebon is taking the matter extremely seriously – breaking contractsis against every code of business, says its chief executive Tony Verrier.

Prebon began threatenin