TP Icap Group (TCAP)

Sector:

Financials

Index:

FTSE 250

277.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 311.50p
  • 52 Week Low: 224.50p
  • Currency: UK Pounds
  • Shares Issued: 751.43m
  • Volume: 1,651,728
  • Market Cap: £2,085.22m

TP ICAP FY profits beat expectations; exploring options for data business

By Michele Maatouk

Date: Tuesday 12 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Interdealer broker TP ICAP posted better-than-expected full-year profit on Tuesday, announced a £30m share buyback and confirmed it was exploring options for its data business, Parameta Solutions, which could include a potential IPO of a minority stake.
In the year to the end of December 2023, adjusted pre-tax profit rose to £271m from £226m a year earlier, with group revenue 3% higher at £2.19bn.

TP ICAP said total revenue from the global broking division, its largest, was flat as expected following an "exceptional" 2022. Energy & commodities delivered record revenue growth of 18%, while the three main asset classes - oil, gas and power - delivered double-digit growth.

Chief executive Nicolas Breteau said: "Parameta Solutions, our highly valuable data business, continues to grow and develop - winning new clients, and broadening its distribution and product suite. The board believes that Parameta's significant growth prospects, and the intrinsic value of the business, are not appropriately reflected in our share price.

"We are therefore exploring options for unlocking value for shareholders, whilst retaining ownership of the asset, which include a potential IPO of a minority stake in the business."

The company also announced the launch of a second buyback programme of £30m, having completed its initial £30m buyback.

"We continue to assess opportunities to free up more cash to pay down debt, and/or return capital to shareholders, subject to our balance sheet needs," it said.

At 0810 GMT, the shares were up 10.8% at 220.11p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TP Icap Group Market Data

Currency UK Pounds
Share Price 277.50p
Change Today -3.50p
% Change -1.25 %
52 Week High 311.50p
52 Week Low 224.50p
Volume 1,651,728
Shares Issued 751.43m
Market Cap £2,085.22m

TP Icap Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.69% above the market average70.69% above the market average70.69% above the market average70.69% above the market average70.69% above the market average
26.53% above the sector average26.53% above the sector average26.53% above the sector average26.53% above the sector average26.53% above the sector average
Price Trend
68.87% above the market average68.87% above the market average68.87% above the market average68.87% above the market average68.87% above the market average
44.55% above the sector average44.55% above the sector average44.55% above the sector average44.55% above the sector average44.55% above the sector average
Income
90.50% above the market average90.50% above the market average90.50% above the market average90.50% above the market average90.50% above the market average
58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average
Growth
59.27% above the market average59.27% above the market average59.27% above the market average59.27% above the market average59.27% above the market average
50.54% above the sector average50.54% above the sector average50.54% above the sector average50.54% above the sector average50.54% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TP Icap Group Dividends

  Latest Previous
  Interim Final
Ex-Div 02-Oct-25 10-Apr-25
Paid 07-Nov-25 23-May-25
Amount 5.20p 11.30p

Trades for 29-Aug-2025

Time Volume / Share Price
17:07 5,578 @ 278.52p
17:07 30,273 @ 278.52p
16:45 28,972 @ 277.74p
16:45 61,136 @ 277.74p
16:35 469,354 @ 277.50p

TP Icap Group Key Personnel

CEO Nicolas Breteau
CFO Robin Stewart
Chair Richard Berliand

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