TP ICAP Group plc reported first half profit before tax of 123 million pounds compared to 120 million pounds, last year. Basic EPS was 13.4 pence compared to 12.0 pence. Adjusted EBIT rose by 10% to 184 million pounds. Adjusted basic EPS was 17.6 pence compared to 16.2 pence. Group revenue increased by 9% to 1.2 billion pounds.
TP ICAP Group said it will commence a fifth share buyback programme, starting once the Fourth Buyback completes, of TP ICAP's ordinary shares of 25 pence each for a maximum consideration of 30 million pounds, in order to reduce the capital of the company and/or meet obligations under employee share schemes.
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