Director dealing: Icap's new CFO dips in
30th Mar 2016 14:27
(ShareCast News) - The day after Icap gained final approval to sell its voice broking arm, finance director Stuart Bridges showed his confidence in the deal with a £118,425 purchase of shares. Bridges, who joined the interdealer broker from the same role at specialist insurer Hiscox in September
Read moreIcap bondholders approve sale of voice broking arm
29th Mar 2016 14:30
(ShareCast News) - Icap's bondholders have approved the interdealer broker's planned sale of its hybrid voice broking and information business to Tullett Prebon. The FTSE 250 company said holders of the £125m 5.5% guaranteed notes due July 2018 and holders of the €350m 3.125% notes due March 2019 ha
Read moreTullett Prebon shareholders approve ICAP deal
24th Mar 2016 14:34
(ShareCast News) - Tullett Prebon shareholders have approved the interdealer broker's acquisition of Icap's hybrid voice broking and information business. At an extraordinary general meeting held on Thursday, Tullett shareholders approved both resolutions of the prospectus. Under the terms of the d
Read moreICAP third quarter revenues dip on difficult market conditions
9th Feb 2016 07:39
(ShareCast News) - ICAP's third quarter revenues have dipped due to a drop in revenue from its electronic markets division. The FTSE 250 markets operator and post trade risk mitigation and information service provider issued a trading update for the three months to 31 December 2015 on Tuesday. Grou
Read moreFTSE 250 movers: Oil and miners help market claw back losses
4th Feb 2016 15:11
(ShareCast News) - The FTSE 250 was in the green by mid-afternoon on Thursday, clawing back some gains from the week-to-date of losses, up 66.43 points (0.42%) to 16,058.85. Oil companies and miners were the biggest stars, as commodity prices continued to rise. At 1516 GMT, West Texas Intermediate c
Read moreTullett Prebon's acquisition of ICAP business facing more regulatory hurdles
2nd Feb 2016 07:48
(ShareCast News) - Tullett Prebon and ICAP have been asked for more information from the US Department of Justice over the proposed sale of ICAP's global hybrid voice broking and information business. Both FTSE 250 companies said on Tuesday they have received a request for additional information
Read moreFTSE 250 movers: Britvic keeps market bubbling up
27th Jan 2016 14:46
(ShareCast News) - The FTSE 250 was in the black and rising by mid-afternoon Wednesday, up 35.23 points (0.22%) to 16,214.25. Britvic shares were up over 5% after the soft drinks maker reported a rise in first quarter revenue as it reiterated its full year earnings guidance. In a trading update for
Read moreCredit Suisse upgrades ICAP on deal synergies
27th Jan 2016 11:03
(ShareCast News) - Credit Suisse upgraded interdealer broker ICAP to 'outperform' from 'neutral' saying deal synergies and the stock's re-rating potential appeared to be undervalued. In November, ICAP announced plans to sell its global broking division to Tullett Prebon. The enlarged group will be k
Read moreBroker tips: Icap, Spire Healthcare, Halfords
16th Nov 2015 14:20
(ShareCast News) - The disposal of ICAP's voice business has prompted Exane BNP Paribas to initiate coverage of the FTSE 250 company at 'outperform', with a target price of 590p. Tullett Prebon agreed to buy ICAP's hybrid voice broking and information business in an all-shares deal on 11 November.
Read moreExane BNP Paribas initiates ICAP coverage at 'outperform'
16th Nov 2015 10:13
(ShareCast News) - The disposal of ICAP's voice business has prompted Exane BNP Paribas to initiate coverage of the FTSE 250 company at 'outperform', with a target price of 590p. Tullett Prebon agreed to buy ICAP's hybrid voice broking and information business in an all-shares deal on 11 November.
Read moreFTSE 250 movers: TalkTalk's dividend increase helps market rebound
11th Nov 2015 13:40
(ShareCast News) - The FTSE 250 has rebounded after a poor start to the week, with the market in the black by mid-afternon Wednesday at 17,097.44, up 57.62 points (0.34%). TalkTalk led the market after it surprised all by lifting its interim dividend, as it estimated the one-off financial impact of
Read moreIcap half-year results 'saved' by voice disposal
11th Nov 2015 08:25
(ShareCast News) - On the day it confirmed the sale of its voice broking unit, Icap posted half-year results that showed group revenues declined 4%, but that the businesses it has retained both enjoyed positive sales growth. Icap, which through its NewCo holding company will be left with a large min
Read moreTullett Prebon plunges after sealing deal for Icap's voice broking business
11th Nov 2015 07:40
(ShareCast News) - Tullett Prebon has agreed to buy rival inter-dealer brokes Icap's hybrid voice broking and information business in an all-shares deal. Tullett will issue a parcel of new shares greater than its current share capital such that once the deal is completed, Icap will own 56% of the me
Read moreFTSE 250 movers: Tullett Prebon and ICAP acquisition talks boost market
6th Nov 2015 13:47
(ShareCast News) - The FTSE 250 is on track to finish the week on a high, with the market up 99.55 points (0.58%) mid-afternoon Friday to 17,216.68 points. Tullett Prebon and ICAP were the biggest risers on the back of confirmation that Tullett Prebon is in discussions regarding the possible acquisi
Read moreTullett confirms talks over Icap broking business
6th Nov 2015 09:26
(ShareCast News) - Interdealer broker Tullett Prebon has confirmed discussions regarding the possible acquisition of larger rival Icap's global broking business. Shares in both FTSE 250 companies surged following the announcement, and by 1055 GMT, Tullett was up 4.3% to 343p while Icap was 6.6% high
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