Lending a hand: Joan Collins at a TP ICAP charity event
TP ICAP could spin off and float its data and analytics business to drive up its ailing share price.
The world’s largest money broker is considering a range of options to ‘unlock value’ in Parameta, including a potential listing of a minority stake.
The potential float of Parameta, which provides access to money and commodities markets, could reportedly generate as much as £1.5billion. Shares soared 10.1 per cent.
TP ICAP yesterday sweetened its investors with plans for a second round of buying up to £30million worth of shares from them.
The announcement came alongside its full-year results that showed group revenues rose 3 per cent to £2.19billion in 2023 while profits increased 8 per cent to a record £300million.
TP ICAP holds an annual charity day where staff work for free and their revenues are handed to good causes.
Princes William and Harry and actress Joan Collins have attended in the past.
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