- Mercia Technologies booked a rise in first-half profit after it expanded its suite of portfolio company investments.

Net profit rose to £1.43m from £1.13m a year earlier after revenue from its investing activities jumped 65.5% to £4.8m.

"We are pleased with the progress that our direct investments are making and the fair value increase has, in part, occurred as a result of successful syndicated investment rounds," chief executive Mark Payton said.

"We are also encouraged by the increase in the quantum of funds under management as this enables Mercia to continue to build a sustainable pipeline of potential future direct investments."

At 9:20am: [LON:MERC] Mercia Technologies Plc share price was +1.5p at 36p

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