Shares in AJ Bell have risen 155 per cent since the stockbroker and investment platform listed at 160p last December, closing last night at 408p. Maiden results this morning reveal that pre-tax profits rose by 33 per cent to £37.7 million in the year to the end of September, up from £28.4 million the year before. “These results are a strong endorsement of the business model and growth strategy that we outlined in the run up to our IPO a year ago,” Andy Bell, chief executive, said. The FTSE 100 , which closed up 29.74 points, or 0.4 per cent, at 7,188.50, was forecast to open 12 points higher when trading began. The , which closed up 29.74 points, or 0.4 per cent, at 7,188.50, was forecast to open 12 points higher when trading began.

Source: The Times December 05, 2019 09:00 UTC