TP Icap shares jump as broker beats forecasts and launches buyback

Shares in TP ICAP PLC (LSE:TCAP), the world's largest interdealer broker, rose 5.7% to 260p after reporting a strong set of full-year results and announcing a fresh £80 million share buyback. Underlying profit (EBIT) rose 7% to £348 million, ahead of analyst forecasts of £345 million, while reported revenues climbed 4% to £2.35 billion, or 6% higher on a constant-currency basis.