Record 2023 organic revenue growth of 20%US acquisitions provide strong growth platformNew goal to double revenue to more than £500 millionShares in JTC (JTC) traded 5% higher to touch a new 12-month high of 868p after the asset management services provider revealed record annual organic revenue growth of 20% and talked-up its still strong growth prospects.Over the last year the shares are up...

Shares in FTSE 250 provider of fund management services group JTC (JTC) fell by 6% to 762p despite the company announcing a strong set of results for the full year 2021.Revenue moved ahead by 28% to £147.5 million and underlying EBITDA (earnings before interest, tax, depreciation and amortisation) rose 24% to £48.4 million.The numbers were broadly in line with the pre-close update of 3...

UK stocks have started the week in spectacular fashion with London's FTSE 100 closing a whopping 2.52% higher to 6,756.11 on Monday, buoyed by strength in the oil price and rising hopes for a vaccine-led economic recovery.Oil prices went close to $65 per barrel, with the boost in the commodity's price helping FTSE stalwarts BP (BP.) and Royal Dutch Shell (RDSB) jump 6.5% to 278.9p and 6.1% to...

UK stocks have got off to a flyer this week with London's FTSE 100 soaring 1.8% to 6,708.55 by lunchtime on Monday, buoyed by strength in the oil price and rising hopes for a vaccine-led economic recovery.Brent crude oil futures are up 1.15% to $63.36 per barrel, with the boost in the commodity's price helping FTSE stalwarts BP (BP.) and Royal Dutch Shell (RDSB) rise 2.6% to 268.5p and 3.8% to...

UK markets got off to a strong start to the new trading week as the FTSE 100 advanced almost 70 points, around 1%, in early deals to 6,657.14, taking its cue from Asia, which enjoyed a buoyant opening session.Stimulus and vaccine roll-out optimism provided international markets with the early shot in the arm. Japan provided much of the fuel, with the Nikkei 225 broke through the 30,000 point...

UK stocks reversed their morning gains as markets worldwide wobbled after US legislators warned that a bi-partisan deal over up to $1,900 billion of government stimulus may take longer than expected.At the close the FTSE 100 index of leading shares was down 56 points or 0.8% at 6,639 as weakness in travel and financial stocks offset gains in retailers and utilities.Gold prices slipped 0.2% to...

UK stocks gave up their early gains on Monday as a pick-up in merger and acquisition activity was offset by increasing worries over the new strain of the virus.By midday the FTSE 100 index of leading shares was down 20 points or 0.3% to 6,674 as weakness in travel and financial stocks offset gains in retailers and miners.Gold prices slipped 0.2% to $1,851 an ounce and Brent Crude gained 0.5%...

Asset manager services provider JTC (JTC) gained 3.2% to 596p, a new record high for the share price, as new business wins kept it on course to meet expectations.The FTSE 250 firm, which looks after the administration of closed and open-ended funds, has now more than doubled on the 290p issue price from its March 2018 IPO.In a pre-close full year trading update the company said it continued to...

UK stocks opened ahead on Monday buoyed by mergers and acquisition activity but increasing worries over the new strain of the virus kept enthusiasm muted.Trading in Asia was positive with Japan's Nikkei 225 up 0.7% and China's SE Composite up 0.5%. Gold prices slipped 0.2% to $1,851 an ounce and Brent Crude gained 0.5% to $57.5 a barrel.The pound was 0.2% higher at $1.37. At 08:40 the FTSE 100...

Two very different high-profile IPOs (initial public offerings) in London have experienced similar teething problems after making their stock market debuts.Peer-to-peer (P2P) platform Funding Circle (FCH) saw nearly of a fifth of its value wiped off in conditional trading on 2 October.'This is highly unusual, as typically the banks which bring a company to market are able to at least stabilise...

Two very different high-profile IPOs (initial public offerings) in London have experienced similar teething problems after making their stock market debuts.Peer-to-peer (P2P) platform Funding Circle (FCH) saw nearly of a fifth of its value wiped off in conditional trading on 2 October.'This is highly unusual, as typically the banks which bring a company to market are able to at least stabilise...