Latest news with #TPICAP
Reuters
3 days ago
- Business
- Reuters
UK's TP ICAP half-year profit falls short, shares decline
Aug 6 (Reuters) - British inter-dealer broker TP ICAP (TCAPI.L), opens new tab 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)
Business Wire
16-07-2025
- Business
- Business Wire
Liquidnet Expands Listed Derivatives Business
LONDON--(BUSINESS WIRE)--Liquidnet, a leading technology-driven agency execution specialist, today announced two senior appointments to support the expansion of its Listed Derivatives business across Continental Europe and into Equity Derivatives. This move builds on Liquidnet's existing Equities and Fixed Income capabilities and reflects growing demand from buy-side clients for multi-asset solutions delivered through a single, agency-focused platform. Oliver Deutschmann has joined as Head of Equity Derivatives, EMEA. In this role, he will lead client acquisition across the region and oversee the deployment of Liquidnet's Equity Derivatives capabilities in Europe, the Middle East and Africa. He will also support the expansion of the Listed Derivatives offering throughout Continental Europe. Deutschmann brings over 15 years of experience, most recently serving as Head of Equity Derivatives for Credit Suisse, where he led the redevelopment of the equities flow derivatives business in Germany and Austria. Prior to that, he held several senior roles, including Head of ETD Fixed Income Sales for Germany and Austria at UBS and Sales Trader at Commerzbank. Oliver Deutschmann, Head of Equity Derivatives, EMEA at Liquidnet, commented: 'Establishing local teams in key European hubs enhances our ability to deliver a more tailored service offering to buy-side firms while deepening access to liquidity in the region. The move into Equity Derivatives is a natural next step in the evolution of our Listed Derivatives business, allowing us to bring our technology-led, buy-side focused model into new asset classes and unlock meaningful synergies across our network.' Juan Ferrer Pons has also been appointed as Listed Derivatives Sales Trader, based in Madrid. He will focus on supporting Members in Continental Europe with tailored liquidity solutions, helping them navigate local markets and optimise execution across the region. Ferrer Pons spent the majority of his career at BBVA, where he held various trading roles across Funds of Hedge Funds (FoHF) and Equity Derivatives. Most recently, he served as Equity Derivatives Broker at TP ICAP, Liquidnet's parent company. About Liquidnet Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world's investors to the world's investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit and follow us on X @Liquidnet. About TP ICAP Group TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence. © 2025 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC/NFA. Liquidnet Europe Limited is authorised and regulated by the Financial Conduct Authority in the UK, is licensed by the Financial Sector Conduct Authority in South Africa and is a member of the London Stock Exchange and a remote member of the SIX Swiss Exchange. TP ICAP (EUROPE) SA is authorised by the Autorité de Contrôle Prudentiel et de Résolution and regulated by the Autorité des Marchés Financiers and is a remote member of the Warsaw Stock Exchange. Liquidnet Canada Inc. is a member of the Canadian Investment Industry Regulatory Organization and a member of the Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission for Type 1 and Type 7 regulated activities and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the Australian Securities and Investment Commission as an Australian Financial Services Licensee, AFSL number 312525. Liquidnet Singapore Private Limited is regulated by the Monetary Authority of Singapore as a Capital Markets Services Licensee, CMSL number CMS 100757-1. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc.
Business Wire
09-07-2025
- Business
- Business Wire
Median Technologies: Half Year Liquidity Contract Statement
SOPHIA ANTIPOLIS, France--(BUSINESS WIRE)-- Regulatory News: Under the liquidity contract entrusted by Median Technologies (PARIS: ALMDT, FR0011049824, ALMDT, PEA/SME eligible, 'Median' or 'the Company') to TP ICAP (Europe), the following resources were listed in the liquidity account as of June 30, 2025: 60,808 shares €58,893.66 in cash Transactions during the first half 2025: For information, as of December 31, 2024, the following resources were listed in the liquidity contract: 30,559 shares €134,615.99 in cash For information, as of May 4th, 2020, when the new liquidity contract was set up, the following resources were listed in the liquidity account: 4,404 shares €173,829.64 in cash TP ICAP (Europe) is authorized and regulated by the Autorité de Contrôle Prudentiel (ACPR) and the Autorité des Marchés Financiers (AMF). The daily transaction table is provided in the appendix to this press release. About Median Technologies: Pioneering innovative software as a medical device and imaging services, Median Technologies harnesses cutting-edge AI to enhance the accuracy of early cancer diagnoses and treatments. Median's offerings include iCRO, which provides medical image analysis and management in oncology trials, and eyonis ®, an AI/ML tech-based suite of software as a medical device (SaMD). Median empowers biopharmaceutical entities and clinicians to advance patient care and expedite the development of novel therapies. The French-based company, with a presence in the U.S. and China, trades on the Euronext Growth market (ISIN: FR0011049824, ticker: ALMDT). Median is also eligible for the French SME equity savings plan scheme (PEA-PME). For more information, visit APPENDIX
Business Times
24-06-2025
- Business
- Business Times
Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk
[NEW YORK] Oil prices fell 6 per cent on Tuesday (Jun 24) to settle at a two-week low, on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. The ceasefire was on shaky ground with US President Donald Trump accusing both Israel and Iran of violating it just hours after it was announced. Brent crude futures fell US$4.34, or 6.1 per cent, to settle at US$67.14 a barrel. US West Texas Intermediate (WTI) crude fell US$4.14, or 6 per cent, to settle at US$64.37. Settlement was the lowest for Brent since Jun 10 and WTI since Jun 5, both before Israel launched a surprise attack on key Iranian military and nuclear facilities on Jun 13. 'The geopolitical risk premium built up since the first Israeli strike on Iran almost two weeks ago has entirely vanished,' said Tamas Varga, a senior analyst at TP ICAP's PVM Oil Associates brokerage and consulting firm. On Monday, both oil contracts settled down more than 7 per cent. They had rallied to five-month highs after the US attacked Iran's nuclear facilities over the weekend. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Direct US involvement in the war had investors worried about the Strait of Hormuz, a narrow waterway between Iran and Oman, through which between 18 million and 19 million barrels per day (bpd) of crude oil and fuels flow, nearly a fifth of global consumption. Prices also fell as Trump said China, the world's biggest oil importer, can continue to purchase oil from Iran. In other supply news, Kazakhstan's state energy company KazMunayGaz raised its forecast for oil output at the Chevron-led Tengiz oilfield, the country's largest, to 35.7 million tonnes in 2025 from 34.8 million tonnes expected previously. Kazakhstan is a member of the Opec+ group of countries that includes the Organization of the Petroleum Exporting Countries (Opec) and allies. Several other Opec+ members have also been increasing output. In Guyana, oil output rose to 667,000 bpd in May from 611,000 bpd in April, fuelled by increases at two of three production facilities operated by US major ExxonMobil. US economy and oil inventories Another factor weighing on oil prices came from US consumer confidence, which unexpectedly deteriorated in June as households increasingly worried about job availability and economic uncertainty from Trump's tariffs. US Federal Reserve Bank of New York president John Williams said he expects slower growth and higher inflation this year, due in large part to trade tariffs, in comments that suggested he was in no rush to cut interest rates, which could boost economic growth and oil demand. The American Petroleum Institute (API) trade group and the US Energy Information Administration (EIA) were due to release US oil inventory data, Analysts forecast energy firms pulled about 0.8 million barrels of oil from US stockpiles during the week ended Jun 20. If correct, that would be the first time energy firms pulled oil from storage for five weeks in a row since January. That compares with a build of 3.6 million barrels during the same week last year and an average decrease of 2.5 million barrels over the past five years (2020 to 2024). The API releases its numbers on Tuesday and the EIA on Wednesday. REUTERS
Business Recorder
24-06-2025
- Business
- Business Recorder
Oil prices drop nearly 6% as Israel-Iran ceasefire reduces Middle East supply risk
NEW YORK: Oil prices fell almost 6% to a two-week low on Tuesday on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. That ceasefire, however, was on shaky ground with U.S. President Donald Trump accusing both Israel and Iran of violating it just hours after it was announced. Brent crude futures fell $4.02, or 5.6%, to $67.46 a barrel at 1:26 p.m. EDT (1726 GMT). U.S. West Texas Intermediate (WTI) crude fell $3.84, or 5.6%, to $64.67. Brent was on track for its lowest settlement since June 10 and WTI for its lowest since June 6, both before Israel launched a surprise attack on key Iranian military and nuclear facilities on June 13. 'The geopolitical risk premium built up since the first Israeli strike on Iran almost two weeks ago has entirely vanished,' said Tamas Varga, a senior analyst at TP ICAP's PVM Oil Associates brokerage and consulting firm. On Monday, both oil contracts settled more than 7% down. They had rallied to five-month highs after the U.S. attacked Iran's nuclear facilities over the weekend. Oil falls 6pc The direct U.S. involvement in the war also focused investors on the Strait of Hormuz, a narrow waterway between Iran and Oman, through which between 18 million and 19 million barrels per day (bpd) of crude oil and fuels flow, accounting for nearly a fifth of global consumption. Prices also fell as Trump posted on social media platform Truth Social that China, the world's second biggest economy behind the U.S., can now continue to purchase oil from Iran. In other supply news, Kazakhstan's state energy company KazMunayGaz raised its forecast for oil output at the Chevron-led Tengiz oilfield, the country's largest, to 35.7 million metric tons in 2025 from 34.8 million tons expected previously, as it boosts output. Kazakhstan is a member of the OPEC+ group of countries that includes the Organization of the Petroleum Exporting Countries (OPEC) and allies. 'Prior to the outbreak of hostilities between Israel and Iran, we had been suggesting a bearish stance mainly due to increased OPEC+ production that has prompted ample crude supplies, an evolving dynamic that has intersected with expected demand deterioration largely due to the Trump tariffs,' analysts at energy advisory Ritterbusch and Associates said in a note. In Guyana, oil output rose to 667,000 bpd in May from 611,000 bpd in April, fueled by increases at two of the three production facilities operated by U.S. major Exxon Mobil. US oil inventories The American Petroleum Institute (API) trade group and the U.S. Energy Information Administration (EIA) were due to release U.S. oil inventory data, Analysts forecast energy firms pulled about 0.8 million barrels of oil from U.S. stockpiles during the week ended June 20. If correct, that would be the first time energy firms pulled oil from storage for five weeks in a row since January. That compares with a build of 3.6 million barrels during the same week last year and an average decrease of 2.5 million barrels over the past five years (2020-2024). The API releases its numbers on Tuesday and the EIA on Wednesday.
