The wholesale financial markets provider TP ICAP issued full year results this morning alongside news of a £80m share buyback. The broking franchise achieved record revenue growth of 10% whilst total group revenues added 6%. Management note supportive business conditions, in the new trading year although currency headwinds will take a toll given the large volume of USD earnings. However the FY26 EBIT outlook remains on track. The TP ICAP share price was up 6% in early trade.
Mobile phone network operator Helios issued full year numbers earlier today with management noting that the performance beat market expectations. There’s optimism that a strong year lies ahead too, but the market gave a tepid reaction to the news CapEx is set to remain high and although capital return plans have been tabled, with $51m in buybacks and $25m in dividends touted, against a $2.5bn market cap, the yield is perhaps underwhelming. The Helios share price was down 5% shortly after the open.
The online travel agency issued a pre-AGM trading update today, highlighting a record FY25 and adding that momentum had carried into the new trading year. Critically, although the company has limited exposure to Middle East destinations, a significant slowdown in demand to Turkey, Egypt, Cyprus and Greece has been reported. The company is unable to assess the quantum of any impact on the financials here but amidst concern that this will take a toll, profit guidance for FY26 has been suspended. The On The Beach share price was down 13% at 8.45am.
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