Tatton Asset Management shares rose sharply after the company reported strong growth in assets under management and higher profit for its first half, and said it had adapted to the difficult environment by running more virtual events.
In a trading update, Tatton said assets under management (AUM) rose to £7.8bn as at the end of September, up from £6.7bn six months earlier, a rise of 17.4%. Net inflows for the six months were £328.1m. Tatton shares rose more than 6% in early trading on the Alternative Investment Market. Group revenue increased to £10.9m, up 12.6% on the same period last year. Group adjusted operating profit rose 21.9% to £5m. Global asset manager AUM tops $100trn for the first time Paul Hogarth, founder and chief executive, pointed to the continued growth of the company and said: "The last six...
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