Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

TP ICAP hurt by investment bank trading woes

Euronews logo
Text size Aa Aa

(Reuters) – TP ICAP <TCAPI.L>, the world’s largest inter-dealer broker, reported lower first-half underlying profit on Tuesday as its broking division took a hit from recent poor trading results at some of its biggest investment bank clients.

The company, which brings together buyers and sellers in financial, energy and commodities markets, said underlying profit before tax fell 3.6% to 134 million pounds for the six months ended June 30.

(Reporting by Muvija M and Noor Zainab Hussain bangalin Bengaluru; editing by Patrick Graham)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.