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TCAP - TP ICAP News Story

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Sector
Financials
Size
Mid Cap
Market Cap £1.92bn
Enterprise Value £2.03bn
Revenue £1.78bn
Position in Universe 293rd / 1826

TP ICAP hurt by investment bank trading woes

Tue 6th August, 2019 7:20am
Aug 6 (Reuters) - TP ICAP  TCAPI.L , the world's largest
inter-dealer broker, reported lower first-half underlying profit
on Tuesday as its broking division took a hit from recent poor
trading results at some of its biggest investment bank clients.
    The company, which brings together buyers and sellers in
financial, energy and commodities markets, said underlying
profit before tax fell 3.6% to 134 million pounds for the six
months ended June 30.

 (Reporting by Muvija M and Noor Zainab Hussain bangalin
Bengaluru; editing by Patrick Graham)
 ((Muvija.M@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 3638; Reuters Messaging:
muvija.m.thomsonreuters.com@reuters.net))
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