FTSE 250 company TP ICAP, the parent company of London Metal Exchange member firm Tullett Prebon, parted company with chief executive officer John Phizackerley on Tuesday July 10 amid increasing operating costs.
The value of TP ICAP's shares dropped by as much as 36% at one point.The news from the company, which is the world's largest inter-dealer broker, was accompanied by comments saying...