- Investment firm IntegraFin declared a maiden interim dividend after first-half profits grew by nearly fifth as funds under direction recovered in the second quarter of the year.

For the six months ended 31 March, pre-tax profits rose 19.5% to £22.4m, and funds under direction rose 15.6% to £34.4bn, despite gross inflows falling 5.7% in the half, which the company blamed on uncertainties affecting market performance. 

The company declared a first interim dividend of 2.6p a share.  

'We are pleased to announce a solid set of results for the first half of the year. Despite the backdrop of political uncertainty and stock market volatility, Transact has maintained strong positive H1 net inflows,' said Ian Taylor, Chief Executive Officer.'

'We remain confident we are well placed to sustain growth as we move into the second half of the year.'

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