TP ICAP Likely to Meet Forecasts After Strong Start to Year -- Market Talk
Dow Jones
May 13
1105 GMT - TP ICAP's prospects for further growth remain attractive, Peel Hunt analysts Rae Maile and Ross Luckman write. The interdealer broker group delivered on market expectations with revenue up 13% year-over-year to 689 million pounds, marking a record quarter. Peel Hunt keeps its adjusted pretax profit forecast at 324 million pounds for the year, but increases its EPS by 6% and 5% for 2026 and 2027 respectively. "The busy start to the year means we are increasingly confident these can be met," the analysts say. Shares are down 0.1% at 314.20 pence, but up 21% over the year to date. (julia.nasser@wsj.com)
(END) Dow Jones Newswires
May 13, 2026 07:06 ET (11:06 GMT)
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