Tatton Asset Management says 2021 results will beat all forecasts
Tue, 20th Apr 2021 11:39
(Alliance News) - Tatton Asset Management PLC on Tuesday said it expects its 2021 financial year results to beat all analyst forecasts after inflows accelerated and its investments performed strongly.
The Cheshire-based investment company said total inflows in the year ended March 31 were GBP755 million, with net inflows of GBP427 million in the second half, 30% higher than in the first half.
Shares were up 9.8% to 415.00 pence in London.
With the addition of a GBP1.5 billion gain from the performance of its investments, assets under management increased to GBP9.0 billion from GBP6.7 billion the year before.