TP ICAP shares fall despite revenue growth Investing Interdealer broker TP ICAP Group reported record revenue growth in the first half of the year, supported by strong broker productivity, cost control, and strategic diversification. The firm recorded adjusted revenue of £1.22bn, up seven per cent, driven by momentum in its global broking and Liquidnet divisions. The global broking arm was the business’s best [...]
Argentex agrees to IFX takeover as boss steps down Currency management firm Argentex confirmed on Friday it had agreed to a takeover by IFX Payments just hours after its chief executive exited the company. IFX will pay 2.49 pence per share in the takeover deal, which values Argentex at near £3m. The company will also provide the AIM-listed firm with secured bridge funding of [...]
Pound sterling reaches two-year high against the dollar as interest rate bets diverge Markets The pound was trading just under 0.2 per cent higher against the dollar at $1.322 having traded just below $1.3250 earlier in the day.