Tullet Prebon Chairman announces retirement plans
29th Jun 2012 13:21
Non-Executive Chairman of Tullet Prebon, Keith Hamill, has announced his plans to retire from the board before the end of 2012. Keith Hamill has been Chairman of the money broker since it was listed in 2006. The process to identify a new Non-Executive Chairman for the company is underway, the firm
Read moreThursday broker round-up
17th May 2012 09:36
African Barrick Gold: Goldman Sachs upgrades from sell to neutral. Amlin: Nomura maintains neutral rating and 383p target. Aviva: Shore Capital downgrades from buy to hold; Nomura keeps buy rating and 600p target. Babcock: Liberum Capital downgrades from buy to hold. Brammer: Westhouse Securitie
Read moreFTSE 250 movers: Barratt Developments up on strong spring season
10th May 2012 15:45
House builder Barratt Developments was in demand after reporting its "strongest spring selling season for five years". Average weekly net private reservations in the period between January 1st to May 6th were 25.3% higher than the previous year, as a result of higher sales rates per site and increas
Read moreLondon midday: Euro concerns weigh on stock, BoE maintains rates
10th May 2012 11:27
- BoE leaves interest rates, QE unchanged - Greece fails to form a coalition...again - Reckitt drops after shareholder sale Stocks were firmly lower by Thursday lunchtime as markets awaited a policy rate decision from the Bank of England. Concerns over the political uncertainty in Greece eased slig
Read moreTullet Prebon slashes more jobs as tough times continue
10th May 2012 09:23
Jobs are being slashed and legal battles continue at inter-dealer broker Tullett Prebon. The company has raised the number of redundancies targeted in a cost cutting drive to 140 from 80 as it looks to make £14m in savings. The job cuts are being driven by "challenging market and competitive cond
Read moreTullet Prebon in bolt-on US acquisition
2nd May 2012 13:13
Inter-dealer broker Tullett Prebon is set to acquire Elevation, a privately-owned equities and equity derivatives inter-dealer broker based in New York. The purchase will set Tullett back $13m, to be settled in cash once the transfer is complete, which is due to take before the end of the first ha
Read moreWednesday broker round-up - UPDATE
7th Mar 2012 08:33
John Wood: HSBC downgrades to underperform from neutral. Aquarius Platinum: Panmure Gordon upgrades to buy from sell. Lonmin: Panmure Gordon upgrades to buy from sell. Admiral: Nomura maintains buy rating and 1,100p target. Anglo American: AlphaValue upgrades to buy from add and lowers pri
Read moreFTSE 250 movers: Cape unveils cracking first year on the index
6th Mar 2012 15:29
Cape, the services firm focused on the commodities sector, soared into the top spot after reporting record revenues in its first year on the FTSE 250. Heading in the other direction was gold miner Centamin which said labour unrest has brought operations at its Sukari mine to a standstill. In a sta
Read moreTullett Prebon profits fall as market challenges continue
6th Mar 2012 08:08
Money broker Tullett Prebon posted a decline in annual profit and a modest increase in revenue as it weathers challenging market and competitive conditions. The firm, which offers broking solutions to volatility trading, interest rate options, treasury, and credit derivatives, said underlying pre-t
Read moreFriday tips round-up: Tullett Prebon, ICAP, Cineworld
6th Jan 2012 06:55
The Times's Tempus column takes a look at the inter-dealer broker Tullet Prebon which yesterday released results showing revenues flat on 2010 at £910m. Tempus points out that after stripping out exceptional items, including office closures in the US and an acquisition in Brazil, performance was ac
Read moreLondon midday: Footsie falls, but High St. shows signs of life
5th Jan 2012 12:10
Footsie has turned south after a firm start, with inter-dealer broker ICAP leading the retreat after a trading update from sector peer Tullett Prebon in which it disclosed a chunky exceptional charge for restructuring. Tullett Prebon not entirely friendless Tullett Prebon expects revenue for 2011
Read moreLondon open: Footsie creeps higher
5th Jan 2012 08:26
Footsie is tip-toeing higher in early trade, with tech stocks, oils and banks leading the way. Oilfield services firms Petrofac and Schlumberger are to combine forces on a number of production projects in the emerging and growing production services and production enhancement market. The companies
Read moreLondon pre-open: Markets heading for a flat start
5th Jan 2012 07:30
City sources predict the FTSE 100 will open up 9 points from yesterday's close of 5,668 as markets take their lead from a flat finish in the US. 'Imperial Leather' soap maker PZ Cussons is to extend its consumer products range with the acquisition of the Fudge hair care brand from Australia's Sab
Read moreTullett Prebon's 2011 revenues to match 2010
5th Jan 2012 07:11
Inter-dealer broker Tullett Prebon expects revenues for 2011 to be on a par with 2010 although adjusting for the closure of some offices in North America and for the acquisition of Convenção, revenue is expected to be around 2% higher. Total revenues for last year are expected to be £908.5m. The a
Read moreTullett Prebon says goodbye to its COO
8th Dec 2011 07:54
In a one-line statement, FTSE 250 interdealer broker Tullett Prebon has announced that its chief operating officer (COO) has resigned. Steph Duckworth, who became the COO of Tullett in December 2008, joined the firm back in 2003 and has held a number of executive positions over the years, including
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