#Tp icap share price full
We paid our full year dividend and have declared an interim dividend. “Despite the challenges posed by the pandemic, we have grown revenues and underlying profitability whilst advancing our strategic priorities of aggregating liquidity across our brands, increasing electronification and diversifying our revenue streams. We achieved this by deploying new technology and workflows that enabled the majority of our staff to work from home while maintaining seamless, global client coverage”, said chief executive Nicolas Breteau. "Against the backdrop, our primary focus has been to protect the wellbeing of our staff and ensure continuity of service excellence for our clients. Meanwhile, TP ICAP said targeted investment spending for March will be partially deferred to manage resources in response to the pandemic, saying they intended to invest £15mln in 2020. Looking ahead, the company said July trading activity had “slowed down and is materially lower than 2019 levels” and as a result, it maintained its guidance of low single-digit revenue growth for the full year. TP ICAP also reported 2% growth in global broking, 15% in energy & commodities and 9% in data & analytics, while the interim dividend was retained at 5.6p per share.
The largest revenue growth came from the company’s Institutional Services business, where revenues jumped 50% amid increased client appetite and more capacity to service new accounts. READ: TP ICAP well positioned to capitalise on structural growth of OTC derivatives - broker
#Tp icap share price professional
We will continue to recruit, retain and develop best-in-class talent and provide a workplace that supports innovation, professional development and a robust culture of conduct and compliance.TP ICAP PLC ( LON:TCAP) has reported profit and revenue growth in its first half following what the group said was a fundamental re-engineering of its operations during the pandemic lockdown.įor the six months ended June 30, the inter-dealer broker reported an underlying pre-tax profit of £136mln, up from £134mln in 2019, while revenues rose to £990mln from £922mln. People, conduct and compliance underpin all that we do. We are already a leading provider of OTC data, we aim to build on this to grow our presence in the institutional market by investing in COEX Partners, our Agency Execution business.
Liquidity aggregation: We are the world’s largest inter-dealer broker by revenue and will remain a global leader by using technology to improve market depth – specifically, our clients’ ability to access, and interact with, the liquidity available across the Group’s separate and competing brands.ĭiversification: We will continue to invest in our data-led solutions. New technology will benefit our clients, from onboarding new customers, to streamlining the trade lifecycle. Our strategic framework has three core pillars:Įlectronification and technology: We will add value by improving the efficiency of our client-facing services and internal operations.
We anticipate these changes and adapt our business accordingly to capitalise on the opportunities change breeds. The markets in which we operate are changing, as are the demands of our customers.
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