UK's TP ICAP tumbles after Middle East fallout slows Q2 activity

TP Icap

06/08/2026 09:11

** Shares of British inter-dealer broker TP ICAP TCAPI.L tumble 6% 324.4p
** Stock on track for its worst day since Aug 2025; among top loser on .FTMC index
** Co warned that activity in some of its businesses was hit by the fallout from the Middle East conflict and led to a sharp reduction in oil futures volumes traded during Q2
** Co announced seventh share buyback of £30 mln ($40.38 mln); remains confident in FY outlook
** Three of the seven analysts covering the stock rate it "buy" or better, three have "hold" while one suggests "sell"; median PT is 335p- LSEG data
** Session's decline trims YTD gains to 25%

($1 = 0.7429 pounds)

 (Reporting by Amna Mariyam in Bengaluru)
 ((Amna.mariyam@thomsonreuters.com))