JTC update lifts shares

Shares in FTSE 250 fund management firm JTC (LON:JTC) climbed by 3.09% to 593.80p (as of 13:55 GMT) after the firm posted a pre-close update for the year ended 31st January. Management said that performance would be in line with expectations with new business up by 20% following strong trading in the final quarter.

CEO Nigel Le Quesne commented: “As we have seen in several instances over the last 30 years, JTC is a highly resilient business that is able to adapt and grow on a consistent basis even during periods of challenging external conditions. Our people continue to demonstrate both the spirit and meaning of our shared ownership culture and I would like to thank them for their commitment to our clients and the Group.

“With the integration of NESF and Sanne now completed, we look forward to further developing our global footprint and service offering. We also remain focused on delivering exceptional service and making JTC a better business for our stakeholders every day. Our outlook remains positive and we see good opportunities for organic and inorganic growth in key geographies and service lines“.