London, Feb 16, 2026, 13:45 GMT — Regular session
- TP ICAP shares were up 0.4% in London trade, hovering near 256 pence.
- UK financials steadied after last week’s AI-driven selloff, with rate-cut expectations back in focus.
- Investors are looking to UK inflation data this week and TP ICAP’s March results for the next clear catalyst.
TP ICAP Group shares (TCAP.L) were up 0.4% at 256 pence by 1320 GMT, after touching 258 pence earlier in the session, LSE data showed. The FTSE 250-listed interdealer broker ended Friday at 255 pence. (London South East)
The move came as London’s FTSE indexes edged higher, led by financial stocks, after a bruising end to last week tied to concerns that new artificial intelligence tools could unsettle “traditional” business models. NatWest jumped 4.3% and Barclays rose 2.7% in mid-morning trade, while the FTSE 100 and FTSE 250 were up 0.4% and 0.36%, respectively, by 0925 GMT. (Reuters)
Rate expectations are back in the driver’s seat. A Reuters poll of economists published on Monday showed most expect the Bank of England to cut rates by 25 basis points to 3.50% on March 19. “We stick to our call for the next Bank Rate cut to come in March,” said Sanjay Raja, chief UK economist at Deutsche Bank, in comments carried in the poll. James Rossiter, head of global macro strategy at TD Securities, said inflation looked “more likely to sit around the 2.5% mark” through year-end. (Reuters)
For TP ICAP, the macro isn’t just background noise. The group sits close to wholesale trading activity — matching large financial firms and selling pricing data — so shifts in rate expectations can feed through to hedging demand and market volumes. In its November trading update, the board said it would “continue to assess the appropriate timing” for a potential minority U.S. listing of its Parameta Solutions data unit. (Investegate)
The company also flagged a venues update on Monday. TP ICAP said its EU MTF — a multilateral trading facility, a type of regulated European trading venue — had updated its rate card to modify the term repo variable rate schedule, effective Feb. 16. (TP ICAP)
The near-term diary is crowded even before TP ICAP speaks. UK January inflation is due on Feb. 18, according to the Office for National Statistics’ release schedule. (Office for National Statistics)
Retail sales for January are set for release on Feb. 20 at 0700 GMT, the ONS said. (Office for National Statistics)
But the bigger risk for the stock may be the tape itself. European markets have been swinging between “AI-disruption” anxiety and relief rallies, and “big sentiment swings will continue to be the order of the day,” analysts led by Deutsche Bank’s Jim Reid wrote in a note cited by Reuters on Monday. A hotter inflation print could also push out rate-cut expectations and put financials back under pressure. (Reuters)
Investors’ next company-specific marker is TP ICAP’s full-year 2025 results on March 12, according to its financial calendar. (TP ICAP)
