Close Brothers: How the motor finance scandal reshaped one of ‘Europe’s least cost-efficient lenders’
Stormzy, Emma Thompson, and Ray Winstone join star-studded Square Mile charity day Charity Stars including rapper Stormzy, actor Emma Thompson and ex-Spice Girl Emma Bunton have taken to the trading floor as part of an annual charity initiative spearheaded by a financial services firm in the heart of the Square Mile. Celebrities are spending the day hitting the phones to help out brokers, ranging from actor Ray Winstone [...]
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 [...]
FTSE bosses should be paid like top footballers, says ICAP founder Investing Bosses of London-listed firms should be paid like the best footballers without facing a backlash, Michael Spencer has argued. The founder of brokerage ICAP and former Conservative party Treasurer said that to attract top talent to run major companies, the UK needed to tackle the “political hot potato” of FTSE bosses’ pay. “We don’t mind [...]
TP ICAP: Revenue jumps to record November 5, 2024 Inter-dealer broker TP ICAP has reported a ten per cent bump in revenue for the three months ended 30 September 2024. Overall group revenue for the period was £557m. Rates, its largest and most profitable trading division, reported a 14 per cent jump in reported currency terms. Liquidnet, the firm’s institutional investment network, reported a [...]
TP ICAP: Broker’s shares jump to three-year high after profit beat and fresh buyback August 7, 2024 Shares in inter-dealer broker TP ICAP jumped as much as 15 per cent on Wednesday after its half-year profit beat market expectations and it launched a third share buyback programme.
TP Icap stock surges 10 per cent on energy market boom March 12, 2024 TP Icap cited the "improved market activity across oil, power and gas," due to the disruptions caused by the war in Ukraine, which pushed up trading activity.