Loading market dashboard
TP ICAP Group PLC
TCAPFFinancial ServicesOTCTH
Loading disclosure news
News and disclosures filtered by period, publisher, and event group.
Select a headline to open the full news page in the app.
TP ICAP PLC (LSE:TCAP) has run far enough for Cavendish, which downgraded the financial market infrastructure group to ‘Hold' from ‘Buy' after a more than 30% share price gain since November. Cavendish nudged its target price down to 323p from 325p (versus the current price of around 314.4p), leaving just 3% of implied upside.
Cavendish has maintained its 'buy' rating on TP ICAP PLC (LSE:TCAP), the financial market infrastructure group, after first-quarter revenues rose 13% year on year to £689 million, comfortably ahead of expectations. The broker described the update as strong, with the group benefiting from elevated volatility levels driven by the geopolitical and macroeconomic backdrop.
TP ICAP Group PLC (TCAPF) Q4 2025 Earnings Call Transcript
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.
TP ICAP reported a 3.6% jump in annual pre-tax profit on Thursday, driven by volatile markets last year and strong performance in its global broking and Liquidnet electronic trading divisions.
