ICAP completes restructure
Interdealer broker ICAP has completed the restructure of its strategic interests in Japan.
Interdealer broker ICAP has completed the restructure of its strategic interests in Japan.
ICAP Totan Securities, a 60% majority owned subsidiary of ICAP, has completed the sale of its JGB business to Central Tanshi Securities, earning the firm £1m.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Central Totan Securities now operates the expanded JGB business. ICAP holds a 20% interest in Central Totan Securities, while Totan and Cental Tanshi each hold 40%.
ICAP has also completed the acquisition of an increased share in Totan Capital Markets, an interest rates derivatives broker. ICAP now owns 40%, up from 28.14%.
__
NR
-
Investors will reap long-term rewards from UK equitiesOpinion Nick Train, portfolio manager, Finsbury Growth & Income Trust, highlights three UK equities where he’d put his money
-
The graphene revolution is progressing slowly but surelyEnthusiasts thought the discovery that graphene, a form of carbon, could be extracted from graphite would change the world. They might've been early, not wrong.
