|Bid||155.20 x 0|
|Ask||155.40 x 0|
|Day's range||154.80 - 162.50|
|52-week range||100.85 - 207.60|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||17.31|
|Earnings date||10 Aug 2022|
|Forward dividend & yield||0.10 (6.44%)|
|Ex-dividend date||06 Oct 2022|
|1y target est||205.95|
Trading platforms like TP ICAP, which match buyers and sellers, have seen a surge in client activity and volume this year as the Ukraine war and increasing risks of a global recession due to tightening monetary policies kept financial markets volatile. TP ICAP's shares were up 9.7% to 145.8p as at 0754 GMT, and were the biggest gainers in the UK mid-cap index. The company, which in March flagged lower growth in its newly acquired platform Liquidnet, now expects improved profitability from the business in the second half.
Jonns confirmed his departure but declined to comment on his future plans. TP ICAP, the world's largest interdealer broker, didn’t respond to a request for comment. Two bank interest rate derivatives trading heads said that Jonns was one of the best known and biggest liquidity brokers in the market.
Phase 2 Partners, which holds 7.7 million shares in the TP ICAP, urged the London-listed company to look for a new ownership structure through a potential sale or merger with another global trading platform. "I currently see your shares as significantly undervalued, believe management's lack of stock ownership represents a significant governance failure... and believe the company needs to make decisive steps immediately to benefit long suffering shareholders," Justin Hughes, founder of Phase 2 Partners, said in a letter dated March 22. A spokesman for TP ICAP in response said the company was maintaining an active dialogue with its investors and is "focused on delivering value to shareholders".