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 [...]
Wall Street banking giants ride tariff rebound to booming revenue Banking Wall Street’s banking titans have rounded off second-quarter earnings seasons largely breezing past analyst expectations as revenues boomed on the back of market volatility. The lenders continued a trend from the first-quarter with strong trading and investment banking revenues driving a robust performance. JP Morgan pocketed $45.7bn in revenue, outperforming its $44bn estimate. This came [...]
SSP: Upper Crust owner’s shares surge after profit soars Retail Owner of Upper Crust bakery chain SSP Group grew across a number of business lines in its half-year report as revenue soared, despite some headwinds in Europe. The FTSE 250 firm recorded £45m in operating profit – up 20 per cent growth from the first six months of 2024. Shares soared nearly four per cent [...]
Zopa Bank: UK fintech raises £80m with its first LSE bond listing May 14, 2025 Zopa Bank has raised £80m in its first-ever London Stock Exchange bond listing as it gears up to launch current accounts. The fintech will transfer to an unlisted public company within six months following the transaction as it inches closer to the possibility of a float on the LSE. The oversubscribed fundraise was completed on the [...]
Bank of America, JP Morgan, Goldman Sachs: Wall Street cashes in on market volatility April 15, 2025 Wall Street’s banking giants pocketed record revenues in the first quarter of 2025 as market volatility ramped up. Top lenders were able to smash profit expectations after reaping the rewards of a trading boom caused by President Donald Trump’s erratic tariff agenda. Trump’s bait-and-switch on tariffs triggered countless sell-offs as traders across the globe ditched [...]
How club revenue turns Champions Cup into cash of the titans April 4, 2025 This weekend’s Investec Champions Cup round of 16 may be about getting the win in one of Europe’s most iconic stadiums, but in reality competitions such as this – seen by many as the top club rugby competition in the world – can have a monumental impact on rugby finances. The classic cliches in rugby [...]
International earnings set to outpace domestic in growing companies February 24, 2025 The world’s fastest-growing companies’ international earnings are set to eclipse domestic revenue by 2030, according to new research from HSBC. A survey of 1,143 global senior decision makers, in companies with a revenue of between £18m (£14.2m) and $5bn (£3.9bn), found overseas revenue represents less than half of their income at present. However, this is [...]
Quinn Emanuel: US law firm’s City of London office revenue soars January 13, 2025 US law firm Quinn Emanuel’s revenue over 2024 in London was up double-digits as litigation continues to boom
Cosy Club owner Loungers reports strong growth amid new openings October 8, 2024 Cafe and bar operator Loungers has said it delivered “like for like sales growth” of 4.7 per cent, amid a string of new hospitality openings boosting its portfolio. The Cosy Club, Loungers and Brightside chains owner recorded revenue of £178.3m in the half year to 6 October, up by 19.2 per cent on the previous [...]
HSS Hire sees sales jump as tool rental service weathers tough winter June 26, 2024 Tool rental firm HSS Hire increased its sales in the first five months of its financial year despite the impact of the mild winter on its seasonal product line.