TP ICAP terminates talks to sell data unit - Sky News

Reuters
·1 min read

(Reuters) - TP ICAP, the world's largest inter-dealer broker, terminated talks to sell its data division Parameta for about 1.5 billion pounds ($1.81 billion), a report from Sky News said on Wednesday.

The company, which had not publicly disclosed the deal, was in discussions with a number of potential buyers, the report said, citing sources.

TP ICAP declined to comment on the report.

Parameta Solutions - its high-margin data division - generated 9% of total group revenues in 2021.

In September last year, the company came under pressure from its shareholders to explore a sale of Parameta, according to another Sky News report.

U.S. hedge fund Phase 2 Partners had also urged the British company to explore a sale in March last year after it lost 28% in value in 2021.

The company, however, saw its shares gain 14% in 2022 on a robust half-year performance in August amid a rise in market volatility.

($1 = 0.8270 pounds)

(Reporting by Sinchita Mitra in Bengaluru; Editing by Devika Syamnath)

Latest Stories

  • School library book bans are seen as targeting LGBTQ content

    Teri Patrick bristles at the idea she wants to ban books about LGBTQ issues in Iowa schools, arguing her only goal is ridding schools of sexually explicit material. Sara Hayden Parris says that whatever you want to call it, it's wrong for some parents to think a book shouldn't be readily available to any child if it isn’t right for their own child. The viewpoints of the two mothers from suburban Des Moines underscore a divide over LGBTQ content in books as Republican Gov. Kim Reynolds pushes an especially sweeping crackdown on content in Iowa school libraries.

  • Mouser Electronics Supports FIRST® Robotics Competition, Nurtures Future Engineers and Innovators

    DALLAS & FORT WORTH, Texas, March 20, 2023--Mouser Electronics, Inc., the New Product Introduction (NPI) leader™ empowering innovation, is excited to announce its continued sponsorship of FIRST® Robotics Competition, which inspires innovation and fosters well-rounded life capabilities in tens of thousands of young people every year. During the 2022-23 FIRST Robotics Competition season, nearly 100,000 high-school students on more than 3,400 teams from across the world are learning, discovering, a

  • South Carolina is extra thin at edge rusher. Desmond Umeozulu could help quickly

    “We will definitely be calling his number to make sure they see what he can do to showcase his skill set.”

  • Stock Market Sell-Off: Is Costco a Buy?

    Since the start of February, the S&P 500 is down about 5%, continuing a downward trend that really started at the beginning of 2022 more than a year ago. Investors have a lot to be pessimistic about right now, including inflation that is still at high levels, and the recent issues facing the banking industry.

  • LED Lighting Market - Growth, Trends, COVID-19 Impact, And Forecasts (2023 - 2028)

    The LED lighting market is expected to register a CAGR of 10.5% over the forecast period. The need for outdoor LED lighting has historically been subjected to moderate growth due to the significant change in demand for LED technology with improved features and usage.New York, March 20, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "LED Lighting Market - Growth, Trends, COVID-19 Impact, And Forecasts (2023 - 2028)" - https://www.reportlinker.com/p06431220/?utm_sour

  • These 2 High-Growth Stocks Could Power the Bull Market's Next Record Run

    Both names are big, but more than that, both companies got big by adapting to what consumers and enterprises want.

  • China's President Xi Jinping condemns killings of miners in CAR

    President Xi Jinping condemns the killing of nine Chinese nationals in the Central African Republic.

  • Taking a look at Daniel Levy’s Tottenham reign after Antonio Conte’s criticism

    Conte labelled his players “selfish” and attributed their attitude to “Tottenham’s story” of not competing for major trophies.

  • Man charged over fatal dog attack on pensioner

    Darren Pritchard will appear at Dudley Magistrates’ Court on Tuesday.

  • North Sea oil and gas workers vote to strike amid bumper profits

    Series of actions planned this spring as union members call for more pay since firms are ‘raking it’

  • Is this a banking crisis - how worried should I be?

    Credit Suisse has been taken over by rival UBS and shares have tumbled, but your money is safe, say regulators.

  • Fatal shootings on Miami Beach's famed Ocean Drive prompt city to impose spring break curfew

    In what seems to be an annual spring break ritual, Miami Beach officials impose a curfew after two fatal shootings over the weekend.

  • Supreme Court finds analysis of Patrick Quirke’s computer was ‘unlawful’

    An examination of the computer revealed information which was relied on by the prosecution.

  • Top U.S. State Dept diplomat for Europe to step down to focus on family

    The top U.S. diplomat to Europe Karen Donfried will step down to focus on her family, a State Department spokesperson said on Monday, leaving an important post empty as Washington works to keep its allies focused on supporting Ukraine's war effort. The 18-month tenure of Assistant Secretary Donfried, who assumed the role in September 2021, has been marked by the biggest conflict in Europe since the World War Two and the U.S. push to form and solidify a unified Western position against Russia.

  • Global Supply Chain Analytics (SCA) Market Report 2023: Increasing Need for Greater Supply-Chain and Operational Efficiency Bolsters Demand

    Global Supply Chain Analytics Market Global Supply Chain Analytics Market Dublin, March 20, 2023 (GLOBE NEWSWIRE) -- The "Global Supply Chain Analytics (SCA) Market by Component, Software (Supplier Performance Analytics, Demand Analysis & Forecasting, Spend & Procurement Analytics), Service, Deployment Mode, Organization Size, Vertical, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global supply chain analytics market is expected to grow from USD

  • Speaker of Czech parliament's lower house to visit Taiwan

    The speaker of the Czech Parliament’s lower house is set to visit Taiwan to boost mutual ties, a step that has angered China. Marketa Pekarova Adamova said Monday she will be heading a large delegation on the March 25–30 trip that focuses on business, trade, research, education, culture and other relations. The Czech Republic, like most countries, has no formal diplomatic ties with Taiwan, but it maintains robust informal contacts.

  • Global Chemical Sensors Market to Reach $47.7 Billion by 2030

    The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.New York, March 20, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Chemical Sensors Industry" - https://www.reportlinker.com/p05817712/?utm_source=GNW Foo

  • Challenge Anneka gets rave TV reviews and nostalgic viewers delighted by return

    Anneka Rice was back with Dave The Soundman, her jeep and a much smaller mobile phone to help renovate a pet rescue centre.

  • China says deadly 2022 plane crash still being investigated

    BEIJING (AP) — Experts are still investigating the cause of the crash of a China Eastern Airlines jetliner that killed 132 people one year ago, China's government said Monday. The March 21, 2022, disaster was a rare failure for a Chinese airline industry that dramatically improved safety following deadly crashes in the 1990s. The Boeing 737-800 en route from Kunming in the southwest to Guangzhou, near Hong Kong, went into a nosedive from 8,800 meters (29,000 feet), appeared to recover and then s

  • Dave Ramsey’s 5 Tips for a Profitable 2023

    If you let the winter slip away without keeping the financial promises you made around the holidays, don't worry: Spring is the season of rebirth. $2,000 Quarter? Check Your Pockets Before You Use...