UK's TP ICAP falls on H1 profit miss

TP Icap

06/08/2025 08:43

** British inter-dealer broker TP ICAP TCAPI.L falls 5.2% to 278.5p; top loser on FTSE 250 .FTMC index

** Co posts HY adjusted operating profit of 184 mln pounds ($244.6 mln) below market estimate of 189 mln pounds, per Shore Capital

** Shore Capital analyst Vivek Raja attributes share decline to higher costs, lack of update on Parameta unit IPO and some profit-taking

** TCAPI gains ~9% YTD

($1 = 0.7523 pounds)

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))