Key Developments: ICAP PLC (IAPLY.PK)
10.51USD
23 May 2013
$0.14 (+1.31%)
$10.37
$10.43
$10.59
$10.43
17,438
28,321
$11.90
$8.61
Latest Key Developments (Source: Significant Developments)
ICAP plc Recommends Final Dividend
ICAP plc announced that a final dividend of 15.4p per share is recommended by Directors. If approved the final dividend will be paid on July 19, 2013 to shareholders on the register at the close of business on June 28, 2013. The shares will be quoted ex-dividend from June 26, 2013. Full Article
ICAP plc Sees FY 2013 Pre-Tax Profits At Low End Of Prior Guidance Range; Comments On FY 2013 Revenue Guidance-Conference Call
ICAP plc announced that Group revenue for fiscal 2013, is expected to be about 13% below the previous year, and as a result, the Company now expect pre-tax profits to be around GBP280 million, which is in line with the lower end of the guidance provided in interim management statement in February. Full Article
U.S. Probes ICAP plc, R.P. Martin Over Libor-Reuters
Reuters reported that U.S. authorities are probing ICAP plc and R.P. Martin Holdings Ltd over their role in a global interest rate-rigging scandal, the Wall Street Journal reported. The U.S. Justice Department and Commodity Futures Trading Commission (CFTC) have widened their probe to include the two UK brokerage firms, although neither firm has been accused of wrongdoing. Full Article
ICAP plc Sees FY 2013 PBT Guidance Within Current Analyst Forecast Range-Conference Call
ICAP plc announced that it expects its profit for fiscal 2013 to be within the current analyst forecast range, which is between GBP280 million to GBP305 million PBT. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report pre-tax profit of GBP283 million for fiscal 2013. Full Article
ICAP plc Announces Disposal Of 12% Stake In Traiana, Inc
ICAP plc announced that it has sold a 12% stake in Traiana, Inc. (Traiana) to seven of Traiana's customers, giving the business a valuation of $300 million. Collectively, the Investors also have an opportunity under certain conditions to acquire in the future an additional 20% equity in Traiana for a price of up to $82.5 million. Traiana provides global banks, broker/dealers, buy side firms and trading platforms with services to automate post-trade processing and risk management of financial transactions in listed and over-the-counter trading markets. Full Article
ICAP plc Comments On H2 2012 Revenue Guidance-Conference Call
ICAP plc announced that in the second half of 2012, it is not modeling a improvement in revenues versus the prior year. Full Article
ICAP plc Announces Interim Dividend
ICAP plc announced that an interim dividend of 6.60p per share (September 30, 2011 - 6.00p per share) covering the six month period to September 30, 2012 will be paid on the February 8, 2013 to shareholders on the register at January 4, 2013. Full Article
ICAP plc Announces Acquisition Of CTI Shipbrokers (India) Pvt. Ltd
ICAP plc announced that it has acquired shares with a gross asset value of $2.464million in CTI Shipbrokers (India) Pvt. Ltd (CTI India) from Captain Jaideep Kapoor and Tradex Chartering & Trading Private Limited. Following this acquisition, CTI India has become a 100% owned ICAP company. CTI India's core business is in dry, tanker and sale and purchase broking. The acquisition provides ICAP Shipping with a subsidiary in India with offices in New Delhi and Mumbai employing 28 people. Full Article
ICAP plc Comments On H1 2012 Revenue Guidance-Conference Call
ICAP plc announced that volumes have been quieter it would have to admit than anticipated earlier in the year, and as a result, Group revenues for the first half of 2012 to be down by around 14. Full Article
ICAP plc Cuts Up To 100 Staff-Reuters
Reuters reported that ICAP plc has cut up to 100 staff in London and New York, people familiar with the matter told Reuters, marking the latest wave of jobs cuts in a sector struggling with weak markets and tighter regulation. ICAP, which matches buyers and sellers of bonds, currency and swaps, cut 60-70 people from its London office and about 30 in its flagship U.S. office, sources said on Friday. The cuts affected so-called voice brokers in London, who deal with clients over the phone, and electronic traders in New York, according to two sources. "They are targeting those desks that are hemorrhaging cash, such as credit derivatives," said one source close to the firm. ICAP declined to comment on the job cuts. Full Article
Broker ICAP to cut more costs after profit slumps
LONDON - Interdealer broker ICAP plans to cut costs by an additional 120 million pounds ($184 million) over the next three years to offset a slump in trading activity that sent full-year profits down 20 percent.
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