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TP ICAP turns the page

Activity in the interdealer broker's core business remains subdued, but there are now signs of fresh hope
August 6, 2019

TP ICAP (TCAP) has been on the naughty step since 10 July 2018 when the interdealer broker walked back the benefits of its acquisition of ICAP’s voice broking and information business. In the process, considerable shareholder faith and a good chunk of the group’s market value was extinguished. Half-year results suggest the punishment could soon end.

IC TIP: Buy at 282p
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