Shares in Edward Bonham-Carter's Jupiter Fund Management raced back towards record highs today after a bumper set of results showing growth in profits of around 5%.
The group's shares are currently up 2.3% or 7.7p, at 337.2p, closing in on their record high of 347.7p, after its results once again pleased the market. Pre-tax profits rose from £70.3m to £73.6m - despite a dip in revenues - prompting the group to hike its dividend by 13% to 8.8p. The group also received a one-off £5m rebate from the Financial Services Compensation Scheme (FSCS) following a clarification of the rules for investment companies about how they are assessed. The £5m payout related to contributions made by Jupiter to the FSCS in 2010. Speaking to Investment Week afte...
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