UK's IP Group jumps on swinging to annual pretax profit

IP

17/03/2026 08:26

** Shares of early-stage science investor IP Group IPO.L up about 12% at 54.9p, among top gainers on FTSE 250 .FTMC index

** Co swings to annual pretax profit of 64.8 million pounds ($86.20 million) from a loss of 206.7 million pounds a year ago

** Reports 13% rise in net asset value per share for the year ended December 31

** YTD, stock down about 16%

($1 = 0.7517 pounds)

(Reporting by Megha Anilkumar Nair)

((MeghaAnilkumar.Nair@thomsonreuters.com;))