Interdealer broker TP ICAP posted better-than-expected full-year profit on Tuesday, announced a £30m share buyback and confirmed it was exploring options for its data business, Parameta Solutions, which could include a potential IPO of a minority stake.
London s FTSE 100 is set for a confident open, as eyes turn to a key bit of US inflation data, the final consumer price reading before the next Federal Reserve decision.
There are several factors.
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Stock prices in London opened largely higher on Tuesday, in confident trade ahead of a US inflation reading, while the pound came under a bit of pressure after numbers showed the UK jobless rate.
TP ICAP Group PLC on Tuesday reported a fall in statutory profit, and announced a share buyback programme, as it considers a possible minority float of its Parameta Solutions unit.
Shares in the.