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Pin to quick picksICP.L Share News (ICP)

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BUZZ-Intermediate Capital: year low in sight

Tue, 20th May 2014 09:15

Intermediate Capital shares getting punished on volumeon an earnings miss.

** Company is gathering assets, returning capital toshareholders and enjoys analysts' support. Yet shares areheading towards their lowest this year.

** 11% rise in profits for year to March 2014 profitsunderwhelms.

** Company says it raised a record amount of money acrossits products to boost third party assets under management by 8percent to 10.7 billion euros ($14.68 billion).

** No "sells" on the stock from analysts and stock pricediverging from mean target. http://link.reuters.com/gaw49v

(RM: vikram.subhedar.thomsonreuters.com@reuters.net)

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