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BGC Partners Inc (BGCP.OQ)

BGCP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

BGC Partners Inc GFI Subsidiary Expands Asia Footprint With Acquisition Of Energy Broker Ginga Petroleum
Tuesday, 12 Mar 2019 

March 12 (Reuters) - BGC Partners Inc ::BGC PARTNERS, INC. GFI SUBSIDIARY EXPANDS ASIA FOOTPRINT WITH ACQUISITION OF ENERGY BROKER GINGA PETROLEUM.  Full Article

Bgc Partners Expects Its Post-Spin Results Excluding Newmark For FY 2018 To Be Around Midpoint Of Its Previously Stated Outlook
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - BGC Partners Inc ::BGC PARTNERS UPDATES ITS POST-SPIN OUTLOOK FOR FULL YEAR 2018.BGC PARTNERS INC - OUTLOOK EXCLUDES RESULTS OF ITS FORMER SUBSIDIARY NEWMARK GROUP.BGC PARTNERS INC - EXPECTS ITS POST-SPIN RESULTS EXCLUDING NEWMARK FOR FULL-YEAR 2018 TO BE AROUND MIDPOINT OF ITS PREVIOUSLY STATED OUTLOOK.BGC PARTNERS INC - CONSIDERING A REVERSE STOCK SPLIT OF BGC COMMON STOCK, UNITS, AND OTHER SHARE EQUIVALENTS IN Q1 OF 2019.BGC PARTNERS INC - PLANS TO NO LONGER REPORT "GRANTS OF EXCHANGEABILITY TO LIMITED PARTNERSHIP UNITS".BGC PARTNERS INC - EXPECTS TO PAY A DIVIDEND OF APPROXIMATELY 14 CENTS PER SHARE FOR Q4 OF 2018.BGC PARTNERS INC - BEGINNING WITH Q1 OF 2019, COMPANY EXPECTS TO SIMPLIFY ITS DEFINITIONS OF ADJUSTED EARNINGS AND ADJUSTED EBITDA.BGC PARTNERS INC - ANTICIPATED CHANGES WILL NOT IMPACT BGC'S OUTLOOK FOR Q4 OR RESULTS FOR Q4 OR FULL YEAR 2018.  Full Article

Bgc Partners acquires Poten & Partners, a leading ship brokerage and consulting company
Friday, 16 Nov 2018 

Nov 16 (Reuters) - BGC Partners Inc ::BGC PARTNERS ACQUIRES POTEN & PARTNERS, A LEADING SHIP BROKERAGE AND CONSULTING COMPANY.BGC PARTNERS INC - FURTHER DETAILS OF TRANSACTION WERE NOT DISCLOSED..BGC PARTNERS INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE.BGC PARTNERS INC - UNDER TERMS, BGC ACQUIRED 100% OF POTEN, INCLUDING OPERATIONS IN NEW YORK, LONDON, SINGAPORE, HOUSTON, ATHENS, GUANGZHOU AND PERTH.BGC PARTNERS INC - POTEN WILL BE RECORDED AS PART OF BGC'S ENERGY AND COMMODITIES BUSINESS.  Full Article

BGC Announces Changes And Additions To Its Finance Team
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - BGC Partners Inc ::BGC ANNOUNCES CHANGES AND ADDITIONS TO ITS FINANCE TEAM.BGC PARTNERS INC - STEVEN R. MCMURRAY HAS INFORMED COMPANY'S BOARD OF DIRECTORS OF HIS INTENTION TO RESIGN AS CHIEF FINANCIAL OFFICER.BGC PARTNERS INC - APPOINTED SEAN A. WINDEATT, WHO IS CURRENTLY BGC'S CHIEF OPERATING OFFICER AND EXECUTIVE VICE PRESIDENT, AS INTERIM CFO.  Full Article

Parent Co Of Newmark Delivered A Notice Of Redemption To Holders Of Its Outstanding 8.125% Notes
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Newmark Group Inc ::NEWMARK GROUP INC - ON AUGUST 3, 2018, PARENT CO OF NEWMARK DELIVERED A NOTICE OF REDEMPTION TO HOLDERS OF ITS OUTSTANDING 8.125% NOTES - SEC FILING.NEWMARK GROUP INC - REDEMPTION WILL OCCUR ON SEPTEMBER 5, 2018.NEWMARK GROUP - ON SEPT 4, 2018, NEWMARK PARTNERS WILL BORROW $112.5 MILLION FROM BGC PARTNERS.NEWMARK GROUP INC - NEWMARK PARTNERS TO USE LOAN PROCEEDS TO REPAY $112.5 MILLION BGC NOTE ON OR IMMEDIATELY PRIOR TO SEPT 5 2018.  Full Article

BGC Completes Offering Of $450 Mln Of 5.375% Senior Notes
Tuesday, 24 Jul 2018 

July 24 (Reuters) - BGC Partners Inc ::BGC COMPLETES OFFERING OF $450 MILLION OF 5.375% SENIOR NOTES.  Full Article

BGC Announces Pricing Of $450 Million Of 5.375% Senior Notes
Thursday, 19 Jul 2018 

July 19 (Reuters) - BGC Partners Inc ::BGC ANNOUNCES PRICING OF $450 MILLION OF 5.375% SENIOR NOTES.BGC PARTNERS INC - 5.375% NOTES WILL MATURE ON JULY 24, 2023.  Full Article

Newmark And BGC Partners Announce Monetization Of Approximately 2 Mln Nasdaq Shares And Update Their Outlooks
Wednesday, 20 Jun 2018 

June 20 (Reuters) - BGC Partners Inc ::NEWMARK AND BGC PARTNERS ANNOUNCE MONETIZATION OF APPROXIMATELY TWO MILLION NASDAQ SHARES AND UPDATE THEIR OUTLOOKS.NEWMARK ENTERED INTO TRANSACTIONS RELATED TO MONETIZATION OF SHARES OF NASDAQ IT EXPECTS TO RECEIVE IN 2019 AND 2020.NEWMARK'S PRINCIPAL OPERATING UNIT ISSUED ABOUT $175 MILLION OF EXCHANGEABLE PREFERRED LIMITED PARTNERSHIP UNITS IN A PRIVATE TRANSACTION.NEWMARK TO RECEIVE NET CASH PROCEEDS OF ABOUT $153 MILLION.NET OF TRANSACTION COSTS, NEWMARK TO RECEIVE ABOUT $153 MILLION PROCEEDS, NON-DILUTIVE EQUITY ON ITS BALANCE SHEET FROM MONETIZATION IN Q2.NEWMARK INTENDS TO USE NET PROCEEDS FROM MONETIZATION TO REPAY A PORTION OF $400 MILLION CONVERTED TERM LOAN MATURING SEPTEMBER 8, 2019.AFTER REPAYMENT, ABOUT $247 MILLION OF CONVERTED TERM LOAN WILL REMAIN OUTSTANDING.APPROXIMATELY $153 MILLION WILL ALSO BECOME AVAILABLE TO BE DRAWN UPON UNDER BGC'S REVOLVING CREDIT FACILITY.NEWMARK RETAINS FLEXIBILITY TO MONETIZE SOME OR ALL OF ANTICIPATED OVER $650 MILLION OF REMAINING SEVEN NASDAQ PAYMENTS FROM 2021 TO 2027.ISSUANCE OF EPUS TO RBC ARE NOT EXPECTED TO HAVE ANY IMPACT ON NEWMARK'S FULLY DILUTED SHARE COUNT.NEWMARK TODAY REAFFIRMED ENTIRETY OF ITS OUTLOOK FOR FULL YEAR 2018.BGC EXPECTS RESULTS TO BE AROUND HIGH END OF PREVIOUSLY STATED CONSOLIDATED OUTLOOK FOR REVENUES AND ADJUSTED EARNINGS FOR Q2 OF 2018.NEWMARK, BGC PARTNERS' MONETIZATION OF SHARES HAD NO IMPACT ON $93.5 MILLION NASDAQ PAYMENT EXPECTED TO BE RECOGNIZED IN Q3 2018.  Full Article

BGC Partners Updates Q1 Revenue And Earnings Outlook
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Bgc Partners Inc ::BGC PARTNERS UPDATES ITS OUTLOOK FOR THE FIRST QUARTER OF 2018.BGC PARTNERS - ‍CO'S REVENUES AND PRE-TAX ADJUSTED EARNINGS FOR Q1 OF 2018 ARE NOW EXPECTED TO BE ABOVE HIGH END OF RANGE OF ITS PREVIOUSLY STATED GUIDANCE​.  Full Article

BGC Partners's Unit Wins Energy Procurement & Supply Management Services Contract
Monday, 26 Mar 2018 

March 26 (Reuters) - BGC Partners Inc ::BGC PARTNERS INC - UNIT WON MULTI-YEAR ENERGY PROCUREMENT & SUPPLY MANAGEMENT SERVICES CONTRACT​.BGC PARTNERS - CONTRACT IS FOR CORPORATELY-MANAGED SITES OF MARRIOTT INTERNATIONAL INC THROUGHOUT UNITED STATES, CANADA AND MEXICO.  Full Article