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TP ICAP PLC (TCAPI.L)

TCAPI.L on London Stock Exchange

298.40GBp
12:22pm BST
Change (% chg)

5.20 (+1.77%)
Prev Close
293.20
Open
293.80
Day's High
298.40
Day's Low
293.80
Volume
491,277
Avg. Vol
3,369,020
52-wk High
574.40
52-wk Low
245.80

Latest Key Developments (Source: Significant Developments)

TP Icap Appoints Philip Price Executive Director With Immediate Effect
Monday, 3 Sep 2018 

Sept 3 (Reuters) - TP ICAP PLC ::TP ICAP PLC - APPOINTMENT OF PHILIP PRICE AS AN EXECUTIVE DIRECTOR, WITH IMMEDIATE EFFECT.  Full Article

TP ICAP Picks Paris For European Union Hub
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - TP ICAP PLC ::FINANCIAL AND INTERIM MANAGEMENT REPORT.H1 PROFIT BEFORE TAX £34M (2017: £71M).HY UNDERLYING REVENUE OF £910M (2017: £925M).HY UNDERLYING PROFIT BEFORE TAX £139M (2017: £129M).£13M OF SYNERGY SAVINGS ACHIEVED IN H1 TAKING CUMULATIVE RUN RATE TO £65M.HY UNDERLYING OPERATING PROFIT £155M (2017: £144M).CONDITIONS IN OUR UNDERLYING GLOBAL BROKING BUSINESS REMAIN SUPPORTIVE FOR CONTINUED GROWTH.MARKET CONDITIONS AND NORMALISATION OF INTEREST RATES ARE IMPROVING SLOWLY.5.6P PER SHARE INTERIM DIVIDEND WILL BE PAID ON 9 NOVEMBER 2018.TP ICAP - CONDITIONS WITHIN OUR ENERGY & COMMODITIES DIVISION REMAIN CHALLENGING BUT FUNDAMENTALS OF OUR BUSINESS AND COMPETITIVE POSITION ARE STRONG.CONTINUE TO SEE A NUMBER OF EXCITING OPPORTUNITIES IN DATA & ANALYTICS BUSINESS.EXPECTS 2018 YEAR END RESULT TO BE IN LINE WITH CURRENT MARKET EXPECTATIONS.IS IMPLEMENTING ITS PLANS TO PREPARE FOR UK'S DEPARTURE FROM EU IN MARCH 2019.HAS CHOSEN PARIS TO BE ITS EU HEADQUARTERS FROM WHERE ITS EUROPEAN BASED BUSINESS WILL BE MANAGED AND RUN AFTER 29 MARCH 2019.CURRENTLY EXPECTS THAT ISWAP WILL CHOOSE AMSTERDAM AS LOCATION OF ITS BUSINESS AFTER 29 MARCH 2019.  Full Article

Schroders Raises Stake In TP ICAP To 14.9 Pct From 9.9 Pct - Filing
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - TP ICAP PLC::SCHRODERS PLC RAISES STAKE IN TP ICAP PLC TO 14.9 PERCENT FROM 9.9 PERCENT - FILING.  Full Article

Broker TP ICAP Points To Brexit Hit As CEO Steps Down
Tuesday, 10 Jul 2018 

July 10 (Reuters) - TP ICAP PLC ::REVENUES FOR SIX MONTHS TO 30 JUNE WERE 3% HIGHER THAN PRIOR YEAR AT CONSTANT EXCHANGE RATES AND 2% LOWER AS REPORTED.EARNINGS PER SHARE FOR 2018 ARE EXPECTED TO BE SLIGHTLY BELOW.GROUP IS REDUCING ITS SYNERGY TARGET FROM £100M TO £75M BY END OF 2019 ON AN ANNUALISED BASIS..JOHN PHIZACKERLEY IS LEAVING HIS POST AS CHIEF EXECUTIVE.UNDERLYING OPERATING PROFIT FOR 2018 WILL BE IMPACTED BY ADDITIONAL ONGOING COST HEADWINDS OF AROUND £10M.ROBIN STEWART HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER ON A PERMANENT BASIS.TP ICAP - UNDERLYING OPERATING. PROFIT FOR 2018 WILL BE IMPACTED BY ONGOING COST HEADWINDS RELATED TO BREXIT, MIFID II, REGULATORY AND LEGAL COSTS & IT SECURITY.  Full Article

TP ICAP Plc Says Chairman Rupert Robson To Retire
Wednesday, 30 May 2018 

May 30 (Reuters) - TP ICAP PLC ::TP ICAP ANNOUNCES CHAIRMAN'S INTENTION TO RETIRE.TP ICAP PLC - RUPERT ROBSON, CHAIRMAN OF COMPANY, HAS INFORMED BOARD OF HIS INTENTION TO RETIRE FROM ROLE ON 31 DECEMBER 2018.TP ICAP PLC - BOARD WILL UNDERTAKE A COMPREHENSIVE SEARCH FOR A NEW NON-EXECUTIVE CHAIRMAN.  Full Article

Tp Icap Four Months Revenue 601 Mln Pounds Was 3 Pct Higher Than Prior Period
Thursday, 10 May 2018 

May 10 (Reuters) - TP ICAP PLC ::REVENUE IN FOUR MONTHS OF £601M WAS 3% HIGHER THAN PRIOR PERIOD, CONSISTENT WITH OUR FULL YEAR GUIDANCE IN MARCH.FOR THE FOUR MONTHS PERIOD, ENERGY & COMMODITIES DIVISION SAW A 4% DECLINE IN REVENUES TO £111 MILLION.GLOBAL BROKING DELIVERED AN INCREASE IN REVENUES OF 5% TO £442M FOR FOUR MONTH PERIOD FROM 1 JANUARY 2018 TO 30 APRIL 2018.FOR THE FOUR MONTHS PERIOD, INSTITUTIONAL SERVICES REVENUE IS DOWN 7% TO £10M, AND DATA & ANALYTICS REVENUE IS UP 4% TO £36M."IN MARKETS GLOBAL RATES ENVIRONMENT CONTINUES TO BE INCREASINGLY CONSTRUCTIVE AND BOUTS OF VOLATILITY SEEM LIKELY TO CONTINUE".  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

TP ICAP Says It Is Ready For MiFID II
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - TP ICAP Plc ::TP ICAP PLC - WITH EFFECT FROM TODAY, IT IS READY FOR MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE (MIFID II).TP ICAP PLC - HAS BEEN AUTHORISED BY UK'S FCA TO OPERATE MULTILATERAL TRADING FACILITIES (MTFS) AND ORGANISED TRADING FACILITIES.TP ICAP PLC - MIFID II WILL IMPACT WAY TP ICAP OPERATES.TP ICAP PLC - AS OF THIS MORNING, TULLETT PREBON, ICAP AND PVM, NOW RUN 11 TRADING VENUES IN EUROPE.  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

UPDATE 1-UK watchdog says to investigate CME deal to buy NEX

Sept 13 Britain's antitrust watchdog is launching an investigation into whether U.S. exchange operator CME Group's $5.5 billion acquisition of NEX Group will lessen competition, the regulator said on Thursday.