UK's ICG jumps to lead FTSE 100 on performance fee forecast hike

ICG

02/10/2025 09:42

** Shares of asset manager ICG ICGIN.L up 4% at 2,304p, top gainer on London's FTSE 100, which is down 0.1%

** Co expects a one-off gain of 65–75 million pounds ($87.72 million-$101.22 million) in H1FY26 from performance fee revenue recognition changes

** Total H1 FY26 performance fees forecast at 90-95 mln pounds

** Raises medium-term performance fee guidance to 10-20% of total fee income vs previous 10-15%

** Hikes FMC operating margin guidance to above 54% from 52%

** Up to Wednesday's close, stock had risen 6.23% so far this year

($1 = 0.7410 pounds)

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 (Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com; +919920570373;))