- Investment company Intermediate Capital lifted its interim dividend after reporting a rise in first-half profit following a recovery in portfolio valuations as markets rebounded from a slump in March.

For the six months ended 30 September 2020, pre-tax profit was up 29% to £197.8m year-on-year and the fund management company pre-tax profit was up 6% to £89.8m.

Net asset value per share fell 2% to £4.88.

The company approved an interim dividend of 17.0p, an increase of 13%.

'We therefore remain highly confident in our ability to grow our AUM over the long-term, supported by strong investor demand for our fund strategies and underpinned by our investment-performance track record,' the company said.

At 8:02am: [LON:ICP] Intermediate Capital Group PLC share price was 0p at 1533p

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