Gresham House results lift shares

Shares in AIM-listed asset manager Gresham House (LON:GHE) climbed 6.77% to 670p (as of 14:25 GMT) after assets under management increased by 23% during 2019. The company also announced two new acquisitions that strengthen its housing offering. The dividend was lifted by 50% to 4.5p.

CEO Tony Dalwood commented: “Over the past five years, we have been building a dynamic business and I am pleased to see Gresham House deliver another year of strong performance in 2019. We have grown organically, integrated our acquisitions well, embedded our vision for sustainability and continued our momentum to generate long term shareholder value. The ‘GH25’ strategic framework provides a vision for our clients, shareholders and employees over the next five years.

“We are also pleased to announce the acquisition of TradeRisks Limited (TradeRisks) today, the housing fund management, corporate finance and advisory business. TradeRisks complements our existing housing business and supports our growth plans in this area“.