U.K.-based TP Icap PLC said Aug. 6 that its energy and commodities unit entered into a joint venture with Enmore Investment Group in China.
The joint venture, dubbed Enmore Commodity Brokers (Shanghai) Co. Ltd, will offer brokerage services in iron ore, coal, liquefied petroleum gas and naphtha before expanding into other products. TP ICAP Data & Analytics will exclusively distribute data from the joint venture internationally as part of the agreement.
The British broker also announced that it will pay an interim dividend of 5.6 pence per share Nov. 8 to shareholders on the register Oct. 4.
The firm reported underlying profit attributable to equity holders of the parent of £108 million for the six months ended June 30. The underlying diluted EPS came in at 19.1 pence for the period.