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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:12 EDTBGCPBGC Partners sees Q2 results around mid-point of prior guidance
BGC Partners updated its outlook for Q2, stating that it expects its financial results for the quarter ending June 30 to be around the mid-point of the range of its previously stated guidance for revenues and earnings. The company expected to generate distributable earnings revenues $420M-$440M , consensus $433.73M. BGC anticipated pre-tax distributable earnings to be between approximately $47M-$55M.
News For BGCP From The Last 14 Days
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October 30, 2014
08:14 EDTBGCPBGC Partners expects Q4 pre-tax distributable earnings to be $69M-$79M
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08:10 EDTBGCPBGC Partners reports Q3 EPS 17c, consensus 16c
Reports Q3 revenue $4449.8M, consensus $447M
October 22, 2014
17:44 EDTBGCPGFI Group special committee to review tender offer from BGC Partners
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06:34 EDTBGCPBGC Partners could make hostile $675M bid for GFI Group, WSJ reports
In a move to thwart the sale of GFI Group (GFIG) To CME Group (CME), BGC Partners (BGCP) is planning to make a hostile bid to GFI for $675M, the Wall Street Journal reports. BGC's $5.25 per share tender offer to GFI shareholders, which is 15% higher than CME's offer, could come as early as this morning. Reference Link

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