Edition:
United Kingdom

Intermediate Capital Group PLC (ICP.L)

ICP.L on London Stock Exchange

987.50GBp
16 Nov 2018
Change (% chg)

37.00 (+3.89%)
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950.50
Open
960.50
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Volume
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1,226.59
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Latest Key Developments (Source: Significant Developments)

Intermediate Capital Group H1 assets up 17 pct on inflows
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Intermediate Capital Group PLC ::SAYS AUM UP 17% ON 31 MARCH 2018 TO EUR 33.6BN, WITH EUR 6.1BN OF NEW MONEY RAISED.SAYS THIRD PARTY FEE EARNING AUM UP 24% ON 31 MARCH 2018 TO EUR 26.0BN, RESULTING IN THIRD PARTY FEE INCOME UP 35%.SAYS INTERIM ORDINARY DIVIDEND UP 11.1% TO 10.0P PER SHARE.SAYS OUTLOOK REMAINS STRONG.SAYS FUND MANAGEMENT COMPANY PROFITS UP 45% TO £64.4M (H1 2018: £44.3M).SAYS INVESTMENT COMPANY PROFITS HIGHER AT £59.6M (H1 2018: £51.2M)*; GROUP PROFIT BEFORE TAX OF £124.0M (H1 2018: £95.5M).SAYS EARNINGS PER SHARE OF 43.6P (H1 2018: 33.1P); FUND MANAGEMENT COMPANY 21.4P (H1 2018: 15.5P) AND INVESTMENT COMPANY 22.2P (H1 2018: 17.6P).  Full Article

Intermediate Capital CFO Philip Keller To Retire In 2019
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Intermediate Capital Group PLC ::BOARD CHANGE.PHILIP KELLER WILL RETIRE FROM HIS ROLE AS CHIEF FINANCE AND OPERATING OFFICER DURING 2019.PERFORMANCE AND OUTLOOK REMAIN IN LINE WITH PREVIOUS GUIDANCE GIVEN TO MARKET.FURTHER ANNOUNCEMENT IN RESPECT OF SUCCESSION TO CFO ROLE AND TIMING OF KELLER'S DEPARTURE WILL BE MADE IN DUE COURSE.  Full Article

Amy Schioldager buys 10,000 ordinary shares in ICG
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Intermediate Capital Group PLC ::AMY SCHIOLDAGER, A NON-EXECUTIVE DIRECTOR OF COMPANY, BOUGHT 10,000 ORDINARY SHARES IN COMPANY AT A PRICE OF 1033.59 PENCE PER SHARE.AS A RESULT OF THIS TRANSACTION AMY SCHIOLDAGER AND HER CONNECTED PERSONS HOLDS A TOTAL OF 10,000 SHARES, 0.004% OF THE ORDINARY SHARE CAPITAL OF THE COMPANY (EXCLUDING TREASURY SHARES)..  Full Article

Intermediate Capital Group sees FY fund management profits rise
Tuesday, 22 May 2018 

May 22 (Reuters) - Intermediate Capital Group PLC ::ICG FUNDRAISING AND CAPITAL DEPLOYMENT AT RECORD LEVELS INTERMEDIATE CAPITAL GROUP PLC (ICG) ANNOUNCES ITS FINAL RESULTS FOR YEAR ENDED 31 MARCH 2018..THIRD PARTY FEE EARNING AUM UP 12% IN YEAR TO EUR 21.0BN..STRONG DEPLOYMENT ACROSS STRATEGIES, UP 21% TO EUR 4.9BN. CONTINUED FOCUS ON INVESTMENT DISCIPLINE IN A COMPETITIVE MARKET..FUND MANAGEMENT COMPANY PROFITS UP 29% TO £95.3M (2017: £74.0M), WITH THIRD PARTY FEE INCOME¹ UP 21%..GROUP PROFIT BEFORE TAX OF £199.1M (2017: £252.4M); ADJUSTED GROUP PROFIT BEFORE TAX¹ WAS £168.3M (2017: £236.2M)..INVESTMENT COMPANY PROFITS LOWER AT £103.8M (2017: £178.4M), DUE TO LOWER INVESTMENT INCOME..  Full Article

Intermediate Capital posts full-year net asset value of 959 pence
Monday, 23 Apr 2018 

April 23 (Reuters) - Intermediate Capital Group PLC ::FY NAV PER SHARE OF 959P - TOTAL RETURN OF 12.5% 1 IN YEAR.£142M OF NEW CAPITAL DEPLOYED.£110M COMMITTED TO NINE PRIMARY FUNDS.  Full Article

Intermediate Capital Group H1 assets up 14 pct; record net inflows
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Intermediate Capital Group Plc :Says ‍total assets at end-September up 14 percent from end-March to 27.2 billion euros..Says raised record ‍5.7 billion euros of new money, driven by Senior Debt Partners Strategy, which raised 4.2 billion euros over the six-month period​..Third-party fee earning assets under management down 1 percent to 18.5 billion euros due to impact of FX..Says ‍interim ordinary dividend up 20.0% to 9.0 pence per share​.Fundraising pipeline strong with a number of its larger strategies expected to begin raising successor funds in next 12 months.​.Investment company profits lower at 51.2 million pounds, (H1 2017: 92.2 million pounds), due to lower investment income​..Group profit before tax of 95.5 million pounds (H1 2017: 126.2 million pounds)​..Weighted average fee rate of 0.89 percent, down from 0.91 percent due to shift in mix of investment strategies​..Expects conditions driving long term attractiveness of alternative asset classes to remain even if central banks increase interest rates.​.Source text for Eikon: [ID:].  Full Article

Intermediate Capital FY assets up 10 pct to 23.8 bln euros
Thursday, 25 May 2017 

May 25 (Reuters) - Intermediate Capital Group Plc :Total aum up 10 pct to eur 23.8bn, with eur 4.0bn of new money raised; third party fee earning aum up 19 pct to eur 18.7bn.Fundraising pipeline healthy with a number of our larger strategies expected to be raising successor funds in new financial year.Fund investment is on track whilst maintaining investment discipline in a competitive market.Fund management company profits up 21 pct to 74 mln stg (2016: 61.2 mln stg), with third party fee income up 27 pct.Investment company profits higher at 178.4 mln stg (2016: 97.6mln stg).Group profit before tax of 252.4mln stg (2016: 158.8mln stg); adjusted group profit before tax was 237.5mln stg (2016: 175.6mln stg).Final ordinary dividend up 23 pct to 19.5 pence per share and new dividend policy announced.Bond yields remain low, thereby impacting returns of traditional asset classes.Macroeconomic uncertainty, including but not limited to UK's decision to leave EU, may prolong and enhance positive trend in favour of alternative asset classes.Current fundraising environment is attracting new entrants into alternative asset management market..We have a eur 4bn per annum rolling fundraising target.We anticipate that financial year 2018 will meet or exceed long term fundraising target.  Full Article

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British stocks battered on Brexit deal backlash, exporters gain

LONDON/MILAN British shares suffered and sterling tumbled on Thursday as the growing risk of a disorderly divorce from the European Union spooked investors, with leading index the FTSE 100 moving for most of the day in rare lockstep with the domestic currency.