|Bid||469.70 x 0|
|Ask||470.10 x 0|
|Day's range||466.80 - 474.10|
|52-week range||438.79 - 560.60|
|PE ratio (TTM)||19.34|
|Forward dividend & yield||0.19 (3.12%)|
|1y target est||537.55|
TP ICAP missed full-year earnings forecasts on Tuesday, sending shares in world's largest interdealer broker down sharply, and said it was making progress in its plans for business after Britain exits the European Union. Underlying pretax profit of 233 million pounds ($323.7 million) was up just £1 million in 2017 and well short of the 288.8 million expected by analysts, Thomson Reuters I/B/E/S data showed. Shares (Berlin: DI6.BE - news) in TP ICAP, which brings together buyers and sellers in financial, energy and commodities markets, were down 5.8 percent at 508.2 pence at 1042 GMT.
TP ICAP pledged to ensure uninterrupted service in 2018 following Britain's exit from the European Union, but said its efforts had been hampered by political uncertainty, which has persisted into 2018. "We have now moved from analysis and planning, to decisions and action without a full understanding of the final outcome of the negotiations between the UK government and the EU," TP ICAP said in a statement. The company said it had "an extensive Continental European footprint" and services EU clients from Frankfurt, Paris, Amsterdam, Madrid and other locations.
By Christopher Spink LONDON, Feb 26 - Broker TP ICAP has made a series of hires for its institutional services division, among them the appointment of Mark Allen as divisional chief operating officer. ...
TP ICAP, the world's largest interdealer broker, said on Friday its finance director was leaving and flagged a challenging outlook for the final quarter of 2017. ICAP (Frankfurt: A0BKYB - news) gave no reason for the departure of Andrew Baddeley, who is stepping down from its board with immediate effect and leaving TP ICAP in December, and blamed a relative lack of volatility for its downbeat forecast. Shares in TP ICAP fell 6.3 percent to 502 pence at 0815 GMT, after falling more than 9 percent, making it London's worst Midcap performer.
The company, which brings together buyers and sellers in financial, energy and commodities markets, said revenue for the three months to Sept. 30 rose 3 percent year on year to 420 million pounds ($548 million). The final quarter of last year was marked by increased market volatility after unexpected outcomes in global politics, such as Donald Trump's victory in the U.S. presidential election and speculation over higher U.S. interest rates. Global Broking revenue for the third quarter was in line with a year earlier, TP ICAP said, adding that energy and commodities revenue was down 1 percent, with market conditions remaining particularly challenging for its power and commodities businesses.
LONDON (Reuters) - Brokerage Tullett Prebon said on Wednesday it would launch an electronic trading platform for members of the London Metal Exchange (LME) to execute carry trades that bridge contracts ...
Brokerage Tullett Prebon said on Wednesday it would launch an electronic trading platform for members of the London Metal Exchange to execute carry trades that bridge contracts maturing on different dates. ...
TP ICAP Plc, the world's largest voice broker, reported a 23.1 percent rise in underlying operating profit, helped by a strong performance in its rates business. Underlying operating profit was 144 million pounds in the first half, up from 117 million pounds a year earlier. The company, formed last year after Tullett Prebon (Frankfurt: N5C.F - news) bought ICAP (Frankfurt: A0BKYB - news) 's hybrid voice broking unit, said its half-year revenue rose 11.7 percent to 925 million pounds ($1.21 billion).
TP ICAP Plc, the world's largest voice broker, reported a 23.1 percent rise in underlying operating profit to 144 million pounds on Tuesday. Formed last year after Tullett Prebon bought ICAP's hybrid voice ...