By Billy Gray
TP ICAP said revenue grew in the third quarter as its global broking unit continued to benefit from broadly favorable market conditions.
The U.K. financial-services group on Wednesday posted third-quarter revenue of 560 million pounds ($729.2 million), up 3% from the prior-year period. Revenue climbed 7% in global broking and 4% in the Parameta Solutions market data unit, while sales fell 7% in the company's energy and commodities unit.
The group said it remains focused on Parameta's growth and a potential minority listing in the U.S.
TP ICAP said it is comfortable with market adjusted earnings before interest and taxes guidance, subject to foreign exchange movements. Adjusted EBIT consensus for the year is 345 million pounds, taken from the company's website. This compares with 324 million pounds in 2024.
Write to Billy Gray at william.gray@wsj.com
(END) Dow Jones Newswires
November 05, 2025 03:08 ET (08:08 GMT)
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