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Prices & Quotes - UK Markets - TP Icap Group (TCAP)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 218.90p
Change Today:
-1.45p
Market Cap:
1,726.40m
Sector:
Financial Services

TP Icap FY operating profits slip in 2020

By Iain Gilbert

Date: Tuesday 09 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Broker TP Icap said on Tuesday that revenues and operating profits had slipped in 2020 amid the ongoing Covid-19 pandemic.
TP Icap said adjusted revenues had dipped 2% to 1.79bn, while operating profits and pre-tax profits both contracted 3% on an adjusted basis to 272.0m and 223.0m, respectively.

The FTSE 250-listed firm stated it had delivered a "solid financial performance" against a "difficult macroeconomic backdrop" in 2020, demonstrating the group's "strong operational capability" and the "growing success" of its diversification strategy.

As a result, TP Icap will recommend a final dividend per share of 2.0p, taking the group's full-year dividend to 6.0p - a 50% reduction to the prior year.

Turning to 2021, TP Icap said the first two months' revenue per trading day was "marginally higher" than the prior year but added that it expects full-year revenues to grow low-single digits at a constant currency basis.

Chief executive Nicolas Breteau said: "We delivered a robust 2020 financial performance demonstrating our enhanced operational strength and the benefits of our diversified business model.

"2020 was a transformational year for TP Icap. We set out a new strategy to deliver higher shareholder returns and made good progress in executing initiatives across all of our businesses to advance our strategic pillars of electronification, aggregation and diversification."

As of 0925 GMT, TP Icap shares were down 4.70% at 250.15p.

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
Price 218.90p
Change Today -1.45p
52 Week High 326.03p
52 Week Low 167.56p
Volume 528,608
Shares Issued 788.67m
Market Cap 1,726.40m
Beta 0.01

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 7
strong_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
  Final Interim
Ex-Div 08-Apr-21 01-Oct-20
Paid 18-May-21 06-Nov-20
Amount 2.00p 5.60p

Trades for 13-May-2021

Time Volume / Share Price
16:26 7,563 @ 220.00p
16:37 1,047 @ 218.90p
16:35 643 @ 218.90p
16:35 266 @ 218.90p
16:35 116,398 @ 218.90p

TP Icap Group Key Personnel

CEO Nicolas Breteau
CFO Robin Stewart
Chair Richard Berliand