Investors cheer Henderson rise

Michael Bow
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FUND manager Henderson Group shot up in trading yesterday after indicating its half year underlying profits would hit £100m when it releases full figures next month.

The group, listed on the FTSE 250, closed up 7.5 per cent on the buoyant numbers. Last year underlying profits were £79m over the same January to June period.

Performance fees, which are paid to the company if investment funds do well, are expected to come in at £57m. This would vastly outstrip the £22m posted for the same period last year. It releases half year results on 8 August.