UK's Premier Miton falls after interim profit nearly halves on challenging market
04/06/2026 08:25
BUZZ-UK's Premier Miton falls after interim profit nearly halves on challenging market ** Shares of fund manager Premier Miton Group PMIP.L down 6% at 35.4p
** Co says near-term outlook for industry remains challenging
** "Investor confidence is still fragile, competition for flows remains intense and the relative attraction of cash continues to influence behaviour among UK savers" - PMIP
** Co's adjusted pretax profit for HY is at £3 million ($4.03 million), down from £5.4 million a year earlier and net outflows widen to £1.31 billion vs £254 million of outflows a year ago
** YTD, stock is down ~35%
($1 = 0.7448 pounds)
(Reporting by Neeshita Beura in Bengaluru)