Hints and tips:
...TP ICAP shares fell 2.7 per cent in morning trade in London....
...Peel Hunt is TP ICAP’s other corporate broker....
...The shift was underscored this week by a deal Refinitiv struck to supply data and some terminals to TP ICAP....
...Earlier this year TP bought SCS Commodities, another US broker....
...Although data-is-the-new-oil is a cliché, “there’s an element of truth to it,” said Robert Iati, a director at Burton-Taylor International Consulting, a division of TP ICAP that tracks the industry....
...the importance of index providers, with an 8 per cent jump taking global index industry revenues to a record $3.7bn last year, according to analysts at Burton-Taylor International Consulting, an arm of TP...
...With Food representing 71% of UK sales and 50% of gross profit, (74% and 54% respectively inc 50% of Ocado JV) and stores still trading M&S is better shielded from lockdown than pure Clothing & Home peers...
...Our 290p TP is now based on 15x 12m FWD PER....
...In addition, inter-dealer broker TP ICAP is in talks with French regulators about setting up a base in Paris in the first quarter of 2019....
...AstraZeneca Plc has made a preliminary approach to rival drugmaker Gilead Sciences Inc. about a potential merger, according to people familiar with the matter, in what would be the biggest health-care deal...
...In Europe, which accounts for two-thirds of SSP’s revenue (inc. UK), IATA forecasts Q3 capacity down 45% vs. down 90% in Q2....
...Its senior management will all remain with TP ICAP....
...Deleverage was sizeable, with net debt falling to £1.2bn (inc deeply subordinated bonds, pre IFRS16), or down £343m YoY....
...UK LFL sales growth was +3.9% ex splits (+3.0% 3Q) and +2.6% inc splits (+1.4% 3Q). RoI LFL sales growth was -1.0% ex splits and -2.4% inc splits....
...But Mr Adylov, who was raised in Kyrgyzstan before studying in the US and UK, says its clients include the UK-listed miner Anglo American, hedge fund Marshall Wace and broker TP ICAP, as well as several...
...TP ICAP declined to comment. The uncertainty over Brexit is also affecting companies that provide ancillary services to capital markets....
...TP ICAP shares tumble as costs rise and boss ousted Tensions at TP ICAP, the world’s largest interdealer broker, came to a head on Tuesday with the ousting of chief executive John Phizackerley and a profits...
...The industry’s global revenue climbed by a fifth to $2.7bn in 2017, according to Burton-Taylor International Consulting, part of the TP ICAP group....
...TATE has done sterling work on rebuilding its balance sheet and cashflow in recent years, reflected in FY20E ND:EBITDA (inc. IFRS 16) of 0.9x & 1.8x FCF dividend cover....
Price could be steep if pachyderms join the charge
...This might explain why the UK government was able to replace its foreign and Brexit secretaries with such ease, but why the process has become more difficult for Tesco, TP ICAP, Premier Foods and Mears,...
...” ● In brief: UBS downgrades Euronext to “neutral”; Mediobanca raises Banca Generali to “outperform”; Beni Stabili upgrades to “buy” at Citigroup; Berenberg raises Mediaset to “buy”; TP ICAP upgrades to...
...Last month John Phizackerley, chief executive of TP ICAP, said one compression event, pulling together 200 participants, had a total notional value of $2.2tn....
...And Tullett Prebon said the following: “TP ICAP does not comment on personal matters relating to current or former employees....
...TP-ICAP, the company born out of the merger of Tullett Prebon and ICAP inter-dealer brokers, will be a beneficiary of rising volatility....
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