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TP ICAP PLC (TCAPI.L)

TCAPI.L on London Stock Exchange

521.00GBp
18 Dec 2017
Change (% chg)

11.00 (+2.16%)
Prev Close
510.00
Open
513.00
Day's High
521.50
Day's Low
513.00
Volume
925,373
Avg. Vol
1,776,318
52-wk High
547.50
52-wk Low
410.20

Latest Key Developments (Source: Significant Developments)

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

Tullett Prebon announces members of TP ICAP global executive committee
Monday, 3 Oct 2016 

Tullett Prebon Plc : Announces members of TP ICAP global executive committee . Appoints Frits Vogels as CEO TP ICAP EMEA; John Abularrage as CEO TP ICAP Americas; Hugh Gallagher as CEO TP ICAP APAC . Andrew Baddeley to be CFO and executive director of TP ICAP Plc board .Tullett Prebon, ICAP and their associated brands will be operated separately and they will continue to compete.  Full Article

Tullett Prebon EMEA CEO Angus Wink to retire immediately
Monday, 3 Oct 2016 

Tullett Prebon Plc : Angus Wink, Chief Executive for EMEA, is to retire from firm after 26 years of service . Angus will retire from Tullett Prebon effective immediately but will continue to provide counsel as an independent advisor from early 2017 .James Potter is appointed as CEO Tullett Prebon EMEA.  Full Article

Tullett says ICAP COO not to take up position of COO of TP ICAP
Monday, 26 Sep 2016 

Tullett Prebon Plc : Statement re transaction with ICAP . Ken Pigaga, global chief operating officer of ICAP decided not to take up position of COO of TP ICAP on completion .Tullett Prebon remains confident that transaction is on track to close in 2016.  Full Article

UK's CMA says has accepted in principle merger undertakings offered by Tullett and ICAP
Tuesday, 2 Aug 2016 

UK's CMA on Tullett and ICAP deal: UK's CMA says has accepted in principle merger undertakings offered by Tullett and ICAP . Considers that proposed undertakings of Tullett and ICAP are appropriate to remedy its competition concerns, has accepted them in principle. . Before reaching a final decision, it is inviting interested parties to make their views known Source (http://bit.ly/2b0iU4T) (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Tullett Prebon H1 revenue up 4 pct to 430 mln stg
Tuesday, 2 Aug 2016 

Tullett Prebon Plc : H1 revenue rose 4 percent to 430 million stg . Profit before tax £60.3m (2015: £52.9m) . UK and EU are now entering uncharted waters. Once a formal negotiation procedure has been triggered, there is considerable uncertainty about outcome that will be achieved . Any decisions that we have to make will be based on facts and not speculation . We have a global business with a wide european footprint, so we will always be where our clients need us to be . Half-Year report . Underlying, before exceptional and acquisition related items . Revenue of £430.3m, an increase of 4% on prior period (2015: £415.7m) . Underlying, before exceptional and acquisition related items operating profit £67.0m, an increase of 11% on prior period (2015: £60.6m) . As in previous years, interim dividend for 2016 has been set at a level equal to 50% of final dividend paid for previous year .From an fx perspective a fall in value of sterling will result in a positive impact on reported revenue.  Full Article

Tullett on track to close ICAP deal in 2016 after U.S. approval
Friday, 22 Jul 2016 

Tullett Prebon Plc : Statement re transaction with ICAP . Early termination has been granted of waiting period under United States Hart-Scott-Rodino Antitrust Act . Grant of early termination means that US merger control condition to completion of transaction has been satisfied . Announcement of July 18 by Competition Commission of Singapore that transaction has been cleared unconditionally .Remains confident that transaction is on track to close in 2016.  Full Article

U.S. DoJ comments on Tullett, ICAP restructure deal
Thursday, 14 Jul 2016 

U.S. DoJ : Restructuring of $1.5 billion deal between Tullett Prebon, ICAP Plc addresses the department’s concerns that the transaction . Restructuring of deal could address concerns by creating an interlocking directorate . Revised deal will provide that ICAP will not own any part of Tullett Prebon after the transaction . Revised deal will provide that ICAP will have no right to nominate a member of Tullett Prebon’S board of directors Further company coverage: [IAP.L].  Full Article