Wednesday newspaper share tips: Shell, Tullett Prebon, ICAP
8th Jun 2016 14:58
(ShareCast News) - Easing concerns over Royal Dutch Shell (B) dividend payments by finding more savings from the £40bn takeover of BG Group helped The Telegraph's Questor column reach a "Hold" view on the oil major. It also noted cuts to capital spending. Shell has been the go-to stock for years be
Read moreFTSE 250 movers: Sports Direct surges as Tullett Prebon slips
7th Jun 2016 14:49
(ShareCast News) - The FTSE mid-cap eked out minor gains in an overall quiet session except for Sports Direct boss Mike Ashley's candid turn before the Commons Business, Innovation and Skills Select Committee. Ashley alleged Sports Direct, whose shares rose more than 5% as the market reacted positiv
Read moreUK CMA refers ICAP/Tullett broking merger
7th Jun 2016 07:38
(ShareCast News) - Britain's competition regulator said it was referring Tullett Prebon's planned purchase of ICAP's global hybrid voice broking and information business for a phase 2 investigation. The Competition and Markets Authority (CMA) said it was referring as a result of potential concerns i
Read moreTullett Prebon reveals declining profits at ICAP acquisition assets
16th May 2016 07:58
(ShareCast News) - Tullett Prebon has revealed that the voice broking and other businesses it hopes to soon acquire from Icap produced 8% lower revenue and profits down 16% in the year to 31 March. Tullett has agreed purchased Icap's global hybrid voice broking and information business (IGBB), wh
Read moreRevenue, earnings down as ICAP reveals new name
16th May 2016 07:41
(ShareCast News) - Group revenue took a 6% hit at ICAP in the year to 31 March, it reported on Monday, to £1.2bn as the dealer broker described markets at challenging. Excluding closed desks and on a constant currency basis, revenue was down 3%. The FTSE 250 company reported a trading operating pro
Read moreTullett Prebon revenues up; sees 'mixed' trading conditions
12th May 2016 08:37
(ShareCast News) - Revenues in the first four months of the year at inter-dealer broker Tullett Prebon rose 2% to £291m, although they fell 1% at constant exchange rates. The company said trading conditions had remained mixed, although the pick-up in activity levels in certain products and markets o
Read moreTullett Prebon appoints Andrew Baddeley as CFO
6th May 2016 08:06
(ShareCast News) - Tullett Prebon has appointed Andrew Baddeley as chief financial officer with immediate effect. He will replace Paul Mainwaring, who is standing down after nearly ten years as group finance director. Baddeley was previously CFO at Lloyd's-based Brit Insurance Group. Prior to that,
Read moreFTSE 250 movers: Tullow and Weir limit losses
28th Apr 2016 14:50
(ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day. Stocks going ex-divi on the day included Cobham, Elementis, Tullett Prebon and William Hill. Cobham was a
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 moreTullett Prebon results solid but warns of FCA probe and 2016 slowdown
1st Mar 2016 10:23
(ShareCast News) - Annual results from Tullett Prebon showed profits were 7% but the inter-dealer broker warned of lower revenues so far in 2016 and that it was being investigated by the Financial Conduct Authority over certain trades undertaken between 2008 and 2011. The FCA are investigating the c
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 moreLondon close: Equities close higher as oil prices rise, BoJ loosens policy
29th Jan 2016 16:11
(ShareCast News) - The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received. Oil prices gained on hopes of a deal by major exporters to cut production to address the global supply glut. At 1640 GMT, Brent crude rose 1.4% to $34.
Read moreFTSE 250 movers: Tullett Prebon leads market to higher weekly close
29th Jan 2016 14:55
(ShareCast News) - The FTSE 250 was set to end the week on a high, with the second tier market up 226.12 points (1.40%) to 16,422.67 by mid-afternoon on Friday. Shares in Tullett Prebon surged after it said market activity in the last two months of 2015 was higher than experienced in the same period
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