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Intermediate Capital Group PLC (ICP.L)

ICP.L on London Stock Exchange

1,070.00GBp
19 Jul 2018
Change (% chg)

-6.00 (-0.56%)
Prev Close
1,076.00
Open
1,071.00
Day's High
1,077.00
Day's Low
1,062.00
Volume
493,751
Avg. Vol
640,969
52-wk High
1,226.59
52-wk Low
834.00

Latest Key Developments (Source: Significant Developments)

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

HgCapital announces joint venure with Intermediate Capital in IRIS

May 23 Private equity firm HgCapital Trust on Wednesday announced a joint investment with Intermediate Capital Group in Britain's IRIS, which valued the business software provider at 1.3 billion pounds ($1.74 billion).