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United Kingdom

Intermediate Capital Group PLC (ICP.L)

ICP.L on London Stock Exchange

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13 Dec 2018
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Thu, Nov 15 2018

Intermediate Capital Group first-half assets up 17 percent on record inflows

LONDON British asset manager Intermediate Capital Group (ICG) on Thursday posted a 17 percent increase in first-half assets on the back of strong inflows of new money from clients, sending its shares higher.

UPDATE 1-Intermediate Capital Group H1 assets up 17 pct on record inflows

* Shares up 8.8 pct, leading the mid-cap index (Adds detail from statement, CEO quote, share reaction, bullet points)

Intermediate Capital Group H1 assets up 17 pct

LONDON, Nov 15 British asset manager Intermediate Capital Group (ICG) on Thursday posted a 17 percent increase in first-half assets on the back of strong inflows of new money from clients.

BRIEF-Intermediate Capital Group H1 assets up 17 pct on inflows

* SAYS AUM UP 17% ON 31 MARCH 2018 TO EUR 33.6BN, WITH EUR 6.1BN OF NEW MONEY RAISED

BRIEF-Amy Schioldager buys 10,000 ordinary shares in ICG

* AMY SCHIOLDAGER, A NON-EXECUTIVE DIRECTOR OF COMPANY, BOUGHT 10,000 ORDINARY SHARES IN COMPANY AT A PRICE OF 1033.59 PENCE PER SHARE

BRIEF-Intermediate Capital Group posts 15 pct rise in AUM to $38.6 bln

* TOTAL AUM 15% HIGHER AT EUR 32.9 Bln euros ($38.60 billion)AND THIRD PARTY FEE EARNING AUM 20% HIGHER AT EUR 25.2BN

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