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TP ICAP PLC (TCAPI.L)

TCAPI.L on London Stock Exchange

467.60GBp
19 Apr 2018
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428.50

Latest Key Developments (Source: Significant Developments)

Tp Icap reports FY Profit Before Tax of 233 mln stg
Tuesday, 13 Mar 2018 03:02am EDT 

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 02:00am EST 

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 02:00am EST 

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 03:08am EDT 

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 10:19am EDT 

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 first-half profit rises
Tuesday, 8 Aug 2017 02:07am EDT 

Aug 8 (Reuters) - TP ICAP Plc ::HY UNDERLYING REVENUE OF £925M (2016: £828M).HY UNDERLYING OPERATING PROFIT £144M (2016: £117M).HY UNDERLYING PROFIT BEFORE TAX £129M (2016: £111M).HY UNDERLYING OPERATING MARGIN 15.6 PCT (2016: 14.1 PCT).HY STATUTORY PROFIT BEFORE TAX £71M (2016: £86M PRO FORMA, £35M REPORTED).  Full Article

TP ICAP posts FY pre-tax profit of 56.8 mln pounds, after exceptional items
Tuesday, 14 Mar 2017 03:26am EDT 

TP Icap Plc : FY profit before tax GBP 56.8 million after exceptional items and acquisition, disposal and integration costs . FY operating profit GBP 73.3 million after exceptional items and acquisition, disposal and integration costs . Not recommending a final dividend . Says will continue to look for other opportunities to deliver our objectives to build revenue and raise quality and quantity of earnings . FY revenue before exceptional and acquisition related items of 891.5 million stg . Board expects to declare its next interim dividend payable in November 2017 when 2017 interim announcement is made in August .Revenue in first two months of 2017, on a pro forma basis, in line with same period last year at constant exchange rates, and 11% higher as reported.  Full Article

TP ICAP announces execution of 500 mln stg notes due 2024
Thursday, 19 Jan 2017 12:29pm EST 

TP ICAP Plc : Successful execution of 500 million stg fixed rate senior unsecured notes due 2024 with a semi-annual coupon of 5.25 pct . Expects notes to be issued on 26 January .Joint lead managers for issue are Bank of America Merrill Lynch, HSBC, Lloyds and NatWest markets..  Full Article

Michael Spencer cuts stake in TP ICAP
Tuesday, 10 Jan 2017 05:12am EST 

TP ICAP Plc :Michael Spencer and related entities reduce stake in TP ICAP to below 3 percent.  Full Article

TP ICAP Plc announces completion of transaction with NEX
Friday, 30 Dec 2016 02:00am EST 

TP ICAP Plc :Completion of transaction with NEX.  Full Article

UPDATE 2-TP ICAP shares fall on profit miss, embarks on Brexit plans

* Stock hits low down more than 10 pct (Adds CEO comments, details, share movement)