Published by Global Banking & Finance Review®
Posted on August 6, 2025
2 min readLast updated: January 22, 2026
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TP ICAP's half-year profit fell short, causing shares to drop 9%. Higher costs and no update on Parameta IPO contributed to the decline.
(Reuters) -British inter-dealer broker TP ICAP posted weaker-than-expected half-year operating profit on Wednesday, after delivering robust performance in recent months, sending its shares down nearly 9%.
TP ICAP saw soaring trading volumes after U.S. President Donald Trump's tariffs threw global market into a frenzy. Clients rushed to reshape their portfolios and take advantage of the slumping dollar.
The company's adjusted operating profit rose 10% to 184 million pounds ($244.59 million) in the first half of the year, but fell short of the 189 million pounds markets expected, according to Shore Capital analyst Vivek Raja.
Shares of the company were down 5.5% to 290 pence in early trading. They had risen 19% this year as of yesterday's close.
Raja attributed the share decline to higher costs, the lack of an update on the Parameta unit IPO and some profit-taking by investors.
In May, TP ICAP said it would revisit the timing of a potential listing for its data and analytics business, Parameta - initially expected in the second quarter - citing continued market turbulence.
The London-based company posted a 7% growth in half-year revenue and also launched a new 30 million pounds share repurchase programme.
($1 = 0.7517 pounds)
(Reporting by Unnamalai L and Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala)
TP ICAP's adjusted operating profit rose 10% to 184 million pounds, but it fell short of the 189 million pounds that markets expected.
The share decline was attributed to higher costs, a lack of an update on the Parameta unit IPO, and some profit-taking by investors.
The company posted a 7% growth in half-year revenue and also launched a new 30 million pounds share repurchase programme.
TP ICAP saw soaring trading volumes after U.S. President Donald Trump's tariffs created market volatility, prompting clients to reshape their portfolios.
TP ICAP indicated it would revisit the timing of a potential listing for its data and analytics business, Parameta, due to ongoing market turbulence.
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