UK's Jupiter Fund rises on higher HY pretax profit, gross flows
** Shares of Jupiter Fund Management JUP.L up 6.7% at 88p
** The British asset manager reported HY underlying pretax profit of 47.9 mln pounds ($61.61 mln), up 3% from last year
** Total gross flows in the first half also increased to 7.5 bln pounds from 5.5 bln pounds in H2 2023
** Co says it is beginning to see early signs of client sentiment shifting more favourably in the UK
** Markets are also responding positively to the increased political stability in the UK that comes with the incoming government, co said in a statement
** JUP stock fell about 2.6% YTD
($1 = 0.7775 pounds)
Reporting by Yamini Kalia in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
