StockMarketWire.com - Investment manager and advisor support group Tatton Asset Management posted a rise in first-half profit and upgraded its annual guidance as it boosted net inflows.

Pre-tax profit for the six months through September increased to £4.8 million, up from £3.1 million year-on-year, as revenue jumped 26% to £13.8 million.

Assets under management rose by a fifth to £10.8 billion and organic net inflows amounted to £652 million.

Tatton declared an interim dividend of 4p per share, up 14% year-on-year.

'Trading momentum has continued since the last market update and post period end and, as a result, we now anticipate that trading for the current financial year will be ahead of the board's previous expectations,' the company said. Story provided by StockMarketWire.com


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