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Lending a hand: Joan Collins at a TP ICAP charity event
TP ICAP could spin off and float its data and analytics business to boost its weakening share price.
The world’s largest money broker is considering a variety of options to “unlock value” in Parameta, including a possible listing of a minority stake.
The potential listing of Parameta, which provides access to the money and commodities markets, could raise up to £1.5bn. Shares soared 10.1 percent.
Yesterday, TP ICAP sweetened its investors with plans for a second round of share purchases worth up to £30 million.
The announcement came alongside full-year results, which showed group revenue rose 3 per cent to £2.19bn in 2023, while profits rose 8 per cent to a record £300m of pounds.
TP ICAP holds an annual charity day where staff work for free and their proceeds go to good causes.
Princes William and Harry and actress Joan Collins have attended in the past.