Company
TP ICAP PLC
LON:TCAP
TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy and commodities markets.
43 stories
TP ICAP sees revenue boost from ‘favourable’ market conditions in global broking business
Total group revenue rose by 10% in the first nine months, with global broking revenue up 9%
TP ICAP jumps on profits beat, sees 'highly uncertain' markets continuing
An interim dividend of 4.5p per share has been announced compared to 4.0p a year ago
Major broker TP ICAP begins crypto trading for clients
There are plans to expand and offer services to its US clients
TP ICAP energy trading boosted amid energy crisis; sees Liquidnet revenues at lower end of forecasts
Revenues from the broker's energy trading business rose 16% to £92mln in the three months to September 30 as energy market price volatility “provided client trading opportunities”
TP ICAP flags lower revenues as pandemic volatility softens
The FTSE-250 broker said markets in the first half of 2021 had been "quieter" than the same period a year ago, which saw the initial impact of the pandemic wreak havoc in global markets
TP ICAP to launch crypto trading platform for institutions
The FTSE 250 stockbroker said the new platform will allow trading of digital assets including Bitcoin and Ethereum and will also provide post-trade infrastructure for digital asset custodians
Archive
Capital & Regional pins its hopes on quick rebound when lockdowns end
A look at some of the major movers in London on Tuesday
TP ICAP completes rights issue to fund Liquidnet acquisition
The inter-dealer broker said it has received acceptances in respect for around 221.5mln new shares at 140p each, raising around £310mln in total
TP Icap loses full EU rights over inability to move staff to France
The inter-dealer broker said it remains committed to completing the staffing of the France office “at the earliest opportunity”
TP ICAP launches £315mln rights issue to fund Liquidnet acquisition
Shareholders will receive two rights for every five shares they own.
TP Icap hit by weaker trading volumes in third quarter
The core Global Broking arm saw revenue fall 18% in the past quarter
TP Icap agrees $700mln takeover of dark pool trading specialist
New York-headquartered Liquidnet has more than 1,000 buyside clients for its equity dark trading, fixed income and investment analytics divisions
TP ICAP delivers growth in first half but shares fall on cautious outlook
The largest revenue growth came from the company’s Institutional Services business, where revenues jumped 50% amid increased client appetite and more capacity to service new accounts
TP ICAP well positioned to capitalise on structural growth of OTC derivatives - broker
Barclays analysts initiated coverage of the wholesale market intermediary group with an ‘overweight’ rating and a 440p price target
TP ICAP in bolt-on acquisition
Michael Benhamou and Patrice Cohen who founded and led Louis Capital will remain as senior management.
TP Icap downgraded to 'sell' by ShoreCap
“The current c.30% premium, in our view, is not justified and we struggle on fundamentals to reason why TCAP should be worth more than its long-term average valuation,” said analysts at Shore Cap
TP Icap doffs its cap to perkier financial markets
Third-quarter revenues for the interdealer broker were up 17% year-on-year compared to the 1% growth in the first half
TP ICAP hit with £15.4mln fine as FCA blasts "incompetence" over broker conduct probe
The penalty followed an investigation into improper conduct at the brokerage firm, which the regulator said reflected a "high degree of culpable incompetence"
Archive
FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
Archive
Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
TP ICAP appoints Richard Berliand as its new chairman
The company said Berliand's experience would help TP ICAP build on its position as the world's largest inter-dealer broker and capitalise on the opportunities available in areas such as data & analytics
RBC initiates TP ICAP as ‘Top Pick’, sees key brokerage franchises as “underappreciated”
The bank said it saw the inter-dealer broker’s Data & Analytics business as “a source of robust, high-quality earnings growth”
TP ICAP buys US energy broker Axiom Commodity Group; revenue rises 1% in four-month period
Axiom will become part of TP ICAP's Energy & Commodities unit, providing pre-trade and market information and brokerage services to clients
FTSE 100 can't hold onto gains and closes in red as Wall Street shares drag
The FTSE 250 fared much better though, adding almost 154 points on the day to close at 19,325
Archive
Friday holds Trans-Atlantic focus amid US payrolls and Paddy Power/FanDuel US merger
US non-farm payrolls will hold most attention on the data front, while Paddy Power will draw eyes to the blue-chips with a trading update
NEX Group's £3.9bn ($4.96bn) takeover by CME Group cleared by UK competition watchdog
In a statement on Wednesday, the Competition and Markets Authority said it would not refer the deal, which will create a trans-Atlantic trading powerhouse, for any further investigation
TP ICAP in advanced talks to buy US energy broker Axiom Commodity Group: media report
The Financial Times’ said the two parties have been talking for several weeks, according to people with knowledge of the discussions, and added that a deal could be announced as soon as this week
TP ICAP picks Paris as EU headquarters as it reports sharp fall in first-half profits
Shore Capital raised its rating on TP ICAP to ‘hold’ from ‘sell’, saying the interims were in line with expectations
Investments and investor services
FTSE 100 closes higher, supported by gains in oil giants as crude prices rise
At the close, the UK blue chip index was 4.68 points higher at 7,663.78, just below the session peak of 7,681.86, having recovered from a low of 7,636.60
Numis places TP-ICAP rating, target under review after interdealer broker warns on profits
The Numis analysts said that, while they are still reviewing their forecasts, the likely impact on its 2019 forecasts will be a cut of around a third off their previous forecast for adjusted pre-tax profit of £322mln
Orosur Mining raises US$250,000 by selling shares at more than double their market value
A look at some of the main news-driven risers and fallers in London on Tuesday afternoon ...
TP ICAP plunges as CEO quits amid warning that Brexit-related costs will see it missing 2018 profit expectations
The world's biggest interdealer broker said full-year earnings would be hurt by additional costs of about £10mln related to Britain's planned departure from the European Union
Investments and investor services
FTSE 100 closes higher but off 6,700
The UK blue-chip benchmark closed around four points higher at 7,692
Revenues edge higher in mixed trading at derivatives giant TP ICAP
Cost savings from last year's merger still forecast at £100mln