TP ICAP plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018 and Tax Rate Guidance for the Year 2019
The Board expects the 2018 year end result to be in line with current market expectations. CapEx is likely to be in the range of GBP 80 million by the end of 2018.
The outlook for the underlying effective tax rate in 2019 is for a potential reduction of 1% to 25%, as the initial impact of measures broadening the tax base is expected to reduce. CapEx is likely to coming down to about GBP 70 million in 2019.