Company summary
TP ICAP is a global markets intermediary providing broking, execution and data services across financial, energy and commodity markets. Its businesses include Global Broking, Liquidnet and the Parameta Solutions data division.
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TCAP
TP ICAP
Support Services
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Interdealer broking, agency execution, electronic trading, energy and commodities broking, equities trading and financial-market data and analytics.
Key markets
Global wholesale financial markets, with major operations in London, New York, continental Europe and Asia.
Key drivers
Market volatility, trading volumes, interest-rate and energy-market activity, electronic execution, data subscriptions, cost savings and capital returns.
Key risks
Low market volatility, regulatory change, technology disruption, operational risk, competition, staff remuneration, currency movements and transaction execution.
Recent Developments
6 August 2026: first-half revenue rose 8% at constant currency to about £1.3bn and adjusted EBIT increased 9% to £196m, with Global Broking particularly strong. The cost programme is ahead of plan and expected to deliver about £50m of annualised savings by year-end, while a potential minority listing of Parameta remains under review.
Dividend notes
TP ICAP aims to return around 50% of adjusted earnings through dividends, with additional capital returns where appropriate. The 2026 interim dividend is 5.6p per share, ex-dividend 1 October and payable 6 November; the 2025 final dividend was 11.6p.
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