Tullett Prebon looking at improved 2015
29th Jan 2016 08:14
(ShareCast News) - Tullett Prebon was looking at higher revenues and profit margins in 2015, as it updated the market on its late year activities on Friday ahead of its full year results. The FTSE 250 company said market activity in the last two months of 2015 was higher than experienced in the same
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 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
Read moreTullett tumbles as it unveils staff cuts
6th Nov 2015 08:39
(ShareCast News) - Shares in Tullett Prebon tumbled almost 10% early on Friday, after the interdealer broker said it will take a charge in its full-year accounts after cutting front office brokers by 5%. The FTSE 250 group said the cost-saving measure was implemented in the wake of a further reducti
Read moreLondon open: All eyes trained on October US jobs report
6th Nov 2015 08:31
(ShareCast News) - Investors stuck to the sidelines ahead of what some analysts believed would be a make-or-break jobs report for market expectations of a rate hike by the US central bank in December. Ahead of those numbers, as of 0839 GMT the FTSE 100 was advancing by 7.28 points to 6,372.28. The S
Read moreBroker tips: Meggitt, Tullett Prebon, Housebuilders
3rd Nov 2015 12:59
(ShareCast News) - Aerospace and defence engineer Meggitt rallied after Barclays reiterated its 'overweight' rating on the shares, saying the stock was "too cheap to ignore". Meggitt's shares plunged last week after warning that full-year profits will miss its £369m forecast, due to fewer contracts
Read moreTullett Prebon tumbles as Barclays downgrades on valuation
3rd Nov 2015 12:21
(ShareCast News) - Shares in Tullett Prebon fell sharply after Barclays downgraded the stock to 'underweight' from 'equalweight' and slashed the price target to 310p from 385p on valuation concerns. The bank pointed to a deteriorating volume outlook for inter-dealer broker markets in 2015 and a rela
Read moreTullett Prebon reports rise in first-half profit and acquisition of US energy broker
28th Jul 2015 12:58
(ShareCast News) - London-based brokerage Tullett Prebon posted a rise in first half underlying pre-tax profit as it announced the acquisition of energy broker MOAB Oil. Underlying pre-tax profit for the six months ended 30 June came in at £52.9m, up from £43.2m in the same period last year, on reve
Read moreTullett Prebon appoints new non-executive director
2nd Jul 2015 09:45
Tullett Prebon has announced the appointment of Carol Sergeant CBE as a non-executive director with immediate effect. Upon her appointment, Sergeant will chair the board's newly-formed Risk Committee and for an initial period in 2015, will provide the company with additional services relating to its
Read moreLondon close: FTSE 100 drops to three-month low after Greek talks collapse
15th Jun 2015 16:28
UK stocks dropped over one per cent to a three-month low on Monday as concerns about a potential Greek exit from the Eurozone hammered market sentiment. The FTSE 100 fell 1.1% to 6,710.52, with heavyweights Easyjet and Standard Chartered among the worst performers by the end of trade. Just four stoc
Read moreTullett Prebon cut to 'hold' by HSBC on valuation
15th Jun 2015 14:22
HSBC downgraded Tullett Prebon to 'hold' from 'buy' on valuation grounds, but raised the target price to 420p from 405p. It noted that the shares are up 57.6% in the last six months. Commenting on the group's Capital Markets Day on 12 June, HSBC said that the key messages were focused around buildi
Read moreFTSE 250 movers: Aveva higher on bid speculation, Tullet Prebon hit by downgrade
15th Jun 2015 13:30
Mid-caps were firmly in the red on Monday afternoon, with every sector registering losses, as debt talks between Greece and its creditors came to an abrupt finish. As of 14:30, the FTSE 250 was trading 1.18% lower at 17,738. Aveva was trading higher on reports the software developer has hired banke
Read moreTullett Prebon first quarter revenue rises on PVM acquisition
6th May 2015 10:39
Interdealer broker company Tullett Prebon said PVM Oil Associated had performed above expectations since it was acquired by the FTSE 250 company in November. Revenue for the first four months of 2015 jumped 14.5% to £284m, an increase Tullett attributed to the acquisition of PVM. Excluding PVM, rev
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