The company reported higher-than-expected revenue and EBIT for H1 2023.
As a result, the company's shares surged Wednesday morning.
Shares of
the world's largest inter-dealer TP ICAP (LSE: TCAP), soared at the start of today's
(Wednesday's) session by over 16%. This is investors' response to the
better-than-expected report for H1 2023, in which the company's
revenue stood at £1.13 billion. The company also launched a new share buyback
program valued at £30 million.
TP ICAP Reports Strong
Financials in H1 2023
According
to TP ICAP's interim report for the six months ending 30 June 2023, the overall
revenue increased 1%, following a strong H1 2022, where the revenue base
grew 7%. Adjusted EBIT rose 7%, settling at £163 million compared to £153
million in H1 2022. As a result, the basic earnings per share (EPS) stood at
£0.15, above analysts' expectations as in the same period
a year earlier it reported EPS at £0.128.
The results of the entire H1 confirm that in the first quarter, when the group's total revenue was £606 million, it grew 2% year-on-year. In
addition, TP ICAP has announced an interim dividend of £0.048 per share, which
is an increase of 7% from the previous year, payable on 3 November 2023.
TP ICAP's results
"Our
focus on productivity, contribution, and tight cost management uplifted profit
and EBIT margin. Energy & Commodities delivered a strong performance as
energy markets normalized," Nicolas Breteau, the CEO of TP ICAP,
commented.
Even though
Global Broking revenue experienced a slight decrease of 1%, the Energy & Commodities
division observed notable growth of 12%.
Regarding
the future outlook, the company remains optimistic about the upcoming months.
With central banks focusing on inflation control and normalization of
energy markets, TP ICAP's Global Broking and Energy & Commodities divisions
are set to benefit.
Asset Purchase Program
Worth £30 Million
The company announced today that it is also launching a share buyback program of ordinary
shares at 25 pence each, for a maximum of £30 million. The aim is to reduce the
company's capital and meet obligations under employee share schemes. On top of that, TP ICAP released £100 million in cash to reduce its debt six months ahead of
schedule.
"The
buyback is being funded by a range of initiatives following the Jersey
re-domiciliation and cash generation. In commencing the buyback program, we
believe we have struck the appropriate balance between our continued and
substantial investment in our organic prospects," Breteau added.
In response
to strong financial results and information about the share buyback from the
market, TP ICAP reacted with a solid price increase on the London Stock
Exchange.
TP ICAP's shares jumped after the trading update. Source: Yahoo Finance
At the
start of Wednesday's session, TP ICAP shares gained over 16% and tested the frontier of £180, which is its highest price since April. For the company, this is one of the strongest
intraday movements seen in the chart over the past three years.
In addition, Swissquote, another financial company, published financial results for H1 2023 today. The total operating profit reached CHF 124.87 million, growing by more than CHF 34.2 million compared to the same period a year earlier.
Shares of
the world's largest inter-dealer TP ICAP (LSE: TCAP), soared at the start of today's
(Wednesday's) session by over 16%. This is investors' response to the
better-than-expected report for H1 2023, in which the company's
revenue stood at £1.13 billion. The company also launched a new share buyback
program valued at £30 million.
TP ICAP Reports Strong
Financials in H1 2023
According
to TP ICAP's interim report for the six months ending 30 June 2023, the overall
revenue increased 1%, following a strong H1 2022, where the revenue base
grew 7%. Adjusted EBIT rose 7%, settling at £163 million compared to £153
million in H1 2022. As a result, the basic earnings per share (EPS) stood at
£0.15, above analysts' expectations as in the same period
a year earlier it reported EPS at £0.128.
The results of the entire H1 confirm that in the first quarter, when the group's total revenue was £606 million, it grew 2% year-on-year. In
addition, TP ICAP has announced an interim dividend of £0.048 per share, which
is an increase of 7% from the previous year, payable on 3 November 2023.
TP ICAP's results
"Our
focus on productivity, contribution, and tight cost management uplifted profit
and EBIT margin. Energy & Commodities delivered a strong performance as
energy markets normalized," Nicolas Breteau, the CEO of TP ICAP,
commented.
Even though
Global Broking revenue experienced a slight decrease of 1%, the Energy & Commodities
division observed notable growth of 12%.
Regarding
the future outlook, the company remains optimistic about the upcoming months.
With central banks focusing on inflation control and normalization of
energy markets, TP ICAP's Global Broking and Energy & Commodities divisions
are set to benefit.
Asset Purchase Program
Worth £30 Million
The company announced today that it is also launching a share buyback program of ordinary
shares at 25 pence each, for a maximum of £30 million. The aim is to reduce the
company's capital and meet obligations under employee share schemes. On top of that, TP ICAP released £100 million in cash to reduce its debt six months ahead of
schedule.
"The
buyback is being funded by a range of initiatives following the Jersey
re-domiciliation and cash generation. In commencing the buyback program, we
believe we have struck the appropriate balance between our continued and
substantial investment in our organic prospects," Breteau added.
In response
to strong financial results and information about the share buyback from the
market, TP ICAP reacted with a solid price increase on the London Stock
Exchange.
TP ICAP's shares jumped after the trading update. Source: Yahoo Finance
At the
start of Wednesday's session, TP ICAP shares gained over 16% and tested the frontier of £180, which is its highest price since April. For the company, this is one of the strongest
intraday movements seen in the chart over the past three years.
In addition, Swissquote, another financial company, published financial results for H1 2023 today. The total operating profit reached CHF 124.87 million, growing by more than CHF 34.2 million compared to the same period a year earlier.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FCA Hands BGC the Keys to EUR and GBP Benchmark Pricing
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
