TP ICAP Reports 11% Increase in Third-Quarter Revenue
Global broking revenue rose 16% at constant currency, while Energy & Commodities revenue increased 7%. Liquidnet revenue fell 1% and Parameta Solutions was flat. TP ICAP said it remains on track to meet full-year market expectations.
Market consensus is for 2026 adjusted EBIT of £367m, with a range of £357m to £378m.Revenues in the global broking division were up 16% at constant currency in the third quarter, while Energy & Commodities saw a 7% increase. Revenues in Liquidnet and Parameta Solutions were down 1% and flat, respec…