- Manchester and London Investment Trust posted a weaker first-half performance that nevertheless beat its benchmark.

The company's net asset value total return per share for the six months through January was negative 7.12%.

The MSCI UK Investable Market Index returned negative 8.70% over the same time period.

The company declared an interim dividend of 6p per share, up 50% on-year.

'Global events, both political and economic, continue to produce uncertainty and volatility in equity markets worldwide,' chairman David Harris said.

'The decisions of central banks and the negotiations between US and Chinese government officials will be key to our second half performance.'

'We also watch with caution for any developments in the regulation of the technology giants.'

At 9:15am: [LON:MNL] Manchester London Investment Trust Public Limited Company share price was -1p at 497p

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