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IAP
345.30
-1.32 (-0.38%)
ASK PRICE BID PRICE CHANGE
345.30 345.20 -1.32 (-0.38%)
Volume 1,524,883
Day's high 376.60
Day's low 280.80
Today’s open 348.00
Prev Close 346.50
   

Index: FTSE 100, FTSE 250 & FTSE All-Share

Sector: General Financial

  • Company URL: http://www.icap.com
  • Company Profile: ICAP Plc is an inter-dealer money broking firm, pairing together willing wholesale buyers and sellers. The company, which was formed following the merger of Garban and Intercapital in 1999, uses voice broking or electronic networks to bring buyers and sellers together, as well as providing post-trade risk and information services. ICAP is focused on interest rates, credit, commodities, foreign exchange (FX), emerging markets and equity derivatives, providing services to both commercial banks and investment banks and other providers of liquidity in the financial markets.

IAP Graph

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IAP Trade Tendency

BullBearings trader activity in the last few days with this stock

Buying: 29%

Selling: 71%

Recent trades by BullBearings members
TRADE QTY. PRICE DATE
SELL (auto) 1,584 348.3p 24/05/13 07:29
SELL 1,439 342.1p 23/05/13 10:03
SELL (auto) 5,858 347.3p 23/05/13 07:15
SELL (auto) 75 347.3p 23/05/13 07:15
BUY 2,882 344.8p 22/05/13 13:11

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News & Reports referencing IAP

Wednesday tips round-up: Icap, Babcock, Severn Trent

Icap is fighting to restructure and survive. Hence the very positive market reaction on Tuesday when it announced that it would beat its target for cost savings. Far more important even, traders breathed a sigh of relief that it did not cut its dividend payment. Nevertheless, a 12 per cent revenue decline alongside pre-tax profits off by 20 per cent at 284m pounds shows how difficult it is to align costs with declining markets. In addition, there are pending regulatory changes the impact of which, positive or negative, is hard to discern. Icap has been dragged into the Libor scandal, and if found guilty, could face a fine of up to 25m dollars. "The yield of 6.5 per cent may look attractive, but, given the uncertainties, I would be in no mood to chase," The Times´s Tempus says.

10 days ago

FTSE 250 movers: ICAP rockets despite profits falling 20 per cent

ICAP's annual pre-tax profit fell 20 per cent to 284m pounds compared to the previous year as the broker was hit by the weak global economy, low interest rates and regulatory reforms. Nevertheless, that was 'in-line' with consensus expectations given company guidance in its recent trading statement. For their part, analysts at Credit Suisse saw "slightly better cost savings guidance for the fiscal year 2014", but expects only modest changes to consensus earnings as the company guided that additional cost savings would be re-invested in new initiatives.

11 days ago

London midday: FTSE 100 snaps eight-day winning streak as miners fall

Strong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak.

11 days ago

Tuesday broker round-up UPDATE

Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation.

11 days ago

ICAP reveals drop in annual pre-tax profit and revenue

ICAP's annual pre-tax profit fell 20 per cent to 284m pounds compared to the previous year as the broker was hit by the weak global economy, low interest rates and regulatory reforms.

11 days ago

Traders' views

Be careful when trading on margin

By Ronnie Chopra

With record numbers of people trading on margin through CFDs and spread betting, it is extremely important not to use all the leverage available which can be tempting but one must resist -  as within a blink of an eye your position(s) can be wiped out.  

With leverage sometime 100 times for an instrument, especially indices one has to be very careful when trading as the risk/reward is extremely high. It is no joke to say that trading is riskier than visiting a casino. Profits and losses can be far greater trading!

As with most currencies...”it’s all about Bernanke!”

By Ishaq Siddiqi

Earlier this week we heard from the Reserve Bank of Australia and the minutes of their meeting, which generally confirmed what most had suspected: that the strength of AUD was a pivotal factor in what was an otherwise close decision to cut interest rates.

The all-important policy guidance at the end of the minutes reveals that the RBA opted to use “some” (the “some” comment is a repeat from a couple of weeks ago) of the scope afforded by the low first quarter inflation figures and outlook, to lower the cash rate. 

A stimulus programme might be the way to go for the UK

By Christopher Beauchamp

The latest Japanese GDP reading highlights the success that the new massive stimulus programme being carried out in Japan has had in revitalising that stricken economy. Today’s drop in UK inflation suggests that the new Bank of England governor may be wise to suggest a similar policy for the UK.

The equity markets are too confident to ignore geopolitical risk and war

By Ronnie Chopra

The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.

This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets. 

Sharp fall in silver today – fallen to levels not seen since September 2010

By Ronnie Chopra

This morning silver fell to levels not seen since September 2010 as commodity prices slumped overnight in Asia and this extended in early London trading. Although here is plenty of physical buying from China, India and the Middle East – there is heavy computer ETF selling.

A strong dollar and outperforming equity markets have shifted investor’s attention to more risky assets with silver suffering.

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