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TP ICAP PLC (TCAPI.L)

TCAPI.L on London Stock Exchange

338.50GBp
4:47pm BST
Change (% chg)

-3.90 (-1.14%)
Prev Close
342.40
Open
337.60
Day's High
341.40
Day's Low
337.00
Volume
1,018,961
Avg. Vol
813,889
52-wk High
342.40
52-wk Low
265.40

Latest Key Developments (Source: Significant Developments)

TP ICAP Announces Tender Offer Of Its 500 Mln Stg 5.250% Notes Due 2024
Thursday, 16 May 2019 

May 16 (Reuters) - TP ICAP PLC ::TP ICAP PLC - TENDER OFFER.TP ICAP PLC - ANNOUNCES TENDER OFFER IN RESPECT OF ITS £500 MILLION 5.250 PER CENT NOTES DUE 2024.TP ICAP PLC - PROPOSED ISSUE OF NEW STERLING-DENOMINATED FIXED RATE NOTES DUE 2026 UNDER ITS £1 BILLION EURO MEDIUM TERM NOTE PROGRAMME.TP ICAP - TO PAY FOR NOTES ACCEPTED FOR PURCHASE PURSUANT TO OFFER A CASH PURCHASE PRICE EQUAL TO 104% OF PRINCIPAL AMOUNT OF RELEVANT NOTES.TP ICAP PLC - WILL ALSO PAY AN ACCRUED INTEREST PAYMENT IN RESPECT OF NOTES ACCEPTED FOR PURCHASE PURSUANT TO OFFER.  Full Article

TP ICAP Confirms Appointment Of Richard Berliand As Chairman
Wednesday, 15 May 2019 

May 15 (Reuters) - TP ICAP PLC ::CONFIRMATION OF RICHARD BERLIAND AS CHAIRMAN.BERLIAND HAS ALSO TODAY BEEN APPOINTED CHAIRMAN OF BOARD'S NOMINATIONS AND GOVERNANCE COMMITTEE.  Full Article

TP ICAP Says Revenue In Three Months To March 2019 1% Higher Than Prior Year
Wednesday, 15 May 2019 

May 15 (Reuters) - TP ICAP PLC ::AGM STATEMENT AND TRADING UPDATE.REVENUE IN THREE MONTHS TO MARCH 2019 OF £469M WAS 1% HIGHER THAN PRIOR YEAR ON A REPORTED BASIS AND 2% LOWER AT CONSTANT EXCHANGE RATES..QTRLY REVENUE IN ENERGY & COMMODITIES DIVISION GREW 7% TO £93M.THERE WAS CONTRASTING PERFORMANCE IN BUSINESS DIVISIONS, WITH GOOD GROWTH IN ENERGY & COMMODITIES, INSTITUTIONAL SERVICES AND DATA & ANALYTICS, OFFSET BY GLOBAL BROKING WHICH WAS IMPACTED BY A WEAK MARKET ENVIRONMENT THAT SAW SUSTAINED PERIODS OF LOWER VOLATILITY AND VOLUMES..INSTITUTIONAL SERVICES DIVISION SAW A 33% INCREASE IN REVENUES TO £12M.REVENUE IN ENERGY & COMMODITIES DIVISION GREW 7% TO £93M, AS DIVISION BENEFITTED FROM RECENT INVESTMENTS MADE IN BUSINESS AS WELL AS IMPROVING MARKET CONDITIONS IN A NUMBER OF PRODUCTS.GLOBAL BROKING SAW A 6% REDUCTION IN REVENUES TO £333M. THIS WAS PRIMARILY DRIVEN BY LOWER VOLATILITY IN RATES AND EQUITIES COMPARED WITH PRIOR YEAR, AND PARTICULARLY CHALLENGING MARKET CONDITIONS IN CREDIT AND FX & MONEY MARKETS AS WELL AS WEAKNESS ACROSS EUROPEAN MARKETS DURING QUARTER.  Full Article

Liontrust Investment Discloses 5.07 Percent Stake In TP ICAP - Filing
Monday, 10 Sep 2018 

Sept 10 (Reuters) - TP ICAP PLC ::LIONTRUST INVESTMENT PARTNERS LLP DISCLOSES 5.07 PERCENT STAKE IN TP ICAP - FILING.  Full Article

Tullett Prebon Launches Natural Catastrophe Risk Platform
Monday, 10 Sep 2018 

By -:TULLETT PREBON- LAUNCHES INSURANCE LINKED NOTES PLATFORM TO HELP CLIENTS MANAGE GLOBAL NATURAL CATASTROPHE RISK.  Full Article

Tp Icap reports FY Profit Before Tax of 233 mln stg
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Tp Icap Plc ::‍REITERATE £100 MILLION SYNERGY SAVING TARGET BY 2020​.HEADCOUNT REDUCTION OF 295 IN 2017.FY OPERATING PROFIT £263M (2016: £240M).FY PROFIT BEFORE TAX £233M (2016: £232M).FY ‍REVENUE OF £1,757 MILLION (2016: £1,687M)​.HAS RECOMMENDED AN UNCHANGED FINAL DIVIDEND OF 11.25P PER SHARE, MAKING TOTAL DIVIDEND FOR YEAR 16.85P PER SHARE.FY ‍OPERATING MARGIN 15.0% (2016: 14.2%)​."SO FAR IN 2018 WE HAVE SEEN AN ENCOURAGING START TO YEAR, WITH A PICK-UP IN VOLATILITY AND INTEREST RATES"- CEO.‍WORK TO PREPARE FOR BREXIT HAS BEEN HAMPERED BY POLITICAL UNCERTAINTY WHICH PERSISTS INTO 2018​.TP ICAP - TALKS WITH NO OF EUROPEAN REGULATORS TO ESTABLISH WHAT CO AND THEY REQUIRE SHOULD CO BASE POST-BREXIT EUROPEAN HUB IN ONE OF THEIR LOCATIONS​.  Full Article

TP ICAP acquires U.S.-based SCS Commodities Corp
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Tp Icap Plc ::ACQUISITION.HAS ACQUIRED SCS COMMODITIES CORP ("SCS"), AN INDEPENDENT ENERGY AND COMMODITIES BROKER BASED IN US.SCS IS BEING SOLD BY ITS FIVE PARTNERS WHO TOGETHER OWN 98% OF BUSINESS, AND BY A CORPORATE ENTITY WHICH OWNS REMAINING 2%.PRIMARY PARTNERS WHO ARE RESPONSIBLE FOR GENERATING REVENUES WILL REMAIN WITH BUSINESS AFTER ACQUISITION AND CONTINUE TO DEVELOP IT.SCS WILL BECOME PART OF TP ICAP'S ENERGY AND COMMODITIES DIVISION.CONSIDERATION FOR ACQUISITION IS AN INITIAL PAYMENT IN CASH.FURTHER PERFORMANCE RELATED AMOUNTS, ALSO IN CASH, MAY BE MADE AT VARIOUS DATES OVER NEXT 5 YEARS.  Full Article

Interdealer Broker TP ICAP Buys Agency Broker Coex Partners
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Tp Icap Plc ::TP ICAP PLC - ANNOUNCES ACQUISITION OF COEX PARTNERS LIMITED.TP ICAP PLC - IT HAS TODAY ACQUIRED COEX PARTNERS LIMITED ("COEX"), AN INDEPENDENT AGENCY BROKER.TP ICAP PLC - JOHN RUSKIN AND ALEX GERSKOWITCH, FOUNDERS AND SENIOR MANAGEMENT, WILL REMAIN WITH BUSINESS AND CONTINUE TO BUILD IT.TP ICAP PLC - TP ICAP AND COEX BEGAN WORKING TOGETHER IN 2016 AND ACQUISITION IS A NATURAL PROGRESSION OF THAT COLLABORATION.TP ICAP PLC - COEX WILL BECOME PART OF TP ICAP'S INSTITUTIONAL SERVICES DIVISION.TP ICAP PLC - ACQUISITION CONTINUES EXPANSION OF INSTITUTIONAL SERVICES DIVISION'S SPECIALIST EXECUTION EXPERTISE AND PRODUCT RANGE.TP ICAP PLC - INITIAL PAYMENT FOR ACQUISITION (INCLUDING SETTLEMENT OF EXISTING SHAREHOLDER LOANS) IS £7.1M IN CASH.TP ICAP PLC - PERFORMANCE-RELATED PAYMENTS MAY BE MADE AT VARIOUS DATES DURING NEXT 4 YEARS.TP ICAP PLC - SUBSEQUENT PAYMENTS WILL BE SATISFIED THROUGH ISSUE OF NEW ORDINARY SHARES IN COMPANY OR CASH, AT DISCRETION OF COMPANY.  Full Article

TP ICAP says ‍outlook for Q4 revenue remains challenging
Friday, 3 Nov 2017 

Nov 3 (Reuters) - TP ICAP PLC ::TP ICAP PLC IS TODAY ISSUING A TRADING UPDATE IN RELATION TO PERIOD FROM 1 JULY TO 30 SEPTEMBER 2017​.‍REVENUE IN Q3 TO SEPTEMBER 2017 OF £420M WAS 3% HIGHER THAN £406M PRO FORMA REVENUE FOR SAME PERIOD LAST YEAR​.‍YEAR TO DATE (JANUARY TO SEPTEMBER) REVENUE OF £1,345M WAS 9% HIGHER THAN £1,234M PRO FORMA REVENUE FOR SAME PERIOD LAST YEAR​.‍REVENUE HAS SHOWN MODEST GROWTH IN QUARTER DESPITE MIXED MARKET CONDITIONS, MARKED BY ONGOING LOW LEVELS OF VOLATILITY​.‍GLOBAL BROKING REVENUE FOR QUARTER WAS IN LINE WITH PRIOR YEAR, AND 1% HIGHER YEAR TO DATE ON A CONSTANT CURRENCY BASIS​.‍MARKET CONDITIONS WERE PARTICULARLY CHALLENGING FOR OUR POWER AND COMMODITIES BUSINESSES IN QUARTER ENDED SEPT​.‍OUTLOOK FOR Q4 REVENUE REMAINS CHALLENGING REFLECTING CURRENT TRADING CONDITIONS COMPARED WITH STRONG PERFORMANCE IN LAST QUARTER OF 2016.‍ANDREW BADDELEY, CHIEF FINANCIAL OFFICER, IS STEPPING DOWN FROM BOARD WITH IMMEDIATE EFFECT​.‍ROBIN STEWART, DEPUTY CFO, WILL TAKE UP ROLE ON AN INTERIM BASIS​.  Full Article

TP ICAP appoints Canada exchange executive as data unit chief
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - TP ICAP PLC :APPOINTS ERIC SINCLAIR AS CEO OF ITS DATA & ANALYTICS DIVISION EFFECTIVE NOV. 13.SINCLAIR WAS MOST RECENTLY PRESIDENT, MARKET INSIGHTS DIVISION AT TORONTO STOCK EXCHANG.SINCLAIR WILL JOIN FOLLOWING FRANK DESMOND'S DECISION TO LEAVE THE COMPANY AFTER 12 YEARS.PRIOR TO WORKING AT TMX, SINCLAIR WAS EXECUTIVE VICE PRESIDENT AT SPECTRA SECURITIES SOFTWARE AND VICE PRESIDENT, REUTERS .  Full Article

TP ICAP's profits fall, sees pick-up in trading volumes

TP ICAP , the world's largest inter-dealer broker, on Tuesday reported lower first-half profits as its broking business was hit by weak trading results at its investment bank clients, but said trading activity had revived in June and July.