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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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May 18, 2015
08:45 EDTBGCPBGC Partners to acquire Excess Space Retail Services
BGC Partners announced that it has entered into an agreement to acquire Excess Space Retail Services, a provider of real estate disposition, lease restructuring and lease renewal services, as well as related valuations for retailers nationwide and currently advises on 35.6 million square feet of retail space in North America. Since its establishment, Excess Space has generated an estimated $4B in cost savings for clients. Upon close, the acquisition is expected to complement and drive future growth opportunities within Newmark Grubb Knight Frank Global Corporate Services. Financial details of the transaction were not disclosed.

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