StockMarketWire.com - Wealth manager Rathbone Brothers booked a 64% jump in first-half profit after higher net inflows helped it boost its funds under management.

Pre-tax profit for the six months through June rose to £43.7m, while fund under management rose 2.0% to £39.9bn, compared to a decrease of 0.7% in the FTSE 100 index.

Underlying pre-tax profit increased 11.5% to £48.3m.

The company declared an interim dividend of 24p per share, up 9% on-year.

'During the second half of the year, we will continue to prioritise the investment of time and financial resources in our investment management business, seeking to improve our services and the efficiency of our infrastructure,' the company said.

'Alongside this, we will also focus on completing the Speirs & Jeffrey acquisition and planning for its successful transition into the Rathbones family.'

'This six month period has been a positive one for Rathbones and we remain confident in the outlook for the business.'


At 8:05am: [LON:RAT] Rathbone Brothers PLC share price was +25p at 2517p



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