No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - JTC said on Thursday first-half trading was in line with management expectations as the professional services group continued preparations for its 2.7bn takeover by Permira and transitioned to its new Genesis-era business plan.
The 13.40-per-share cash acquisition received shareholder approval in January, with remaining regulatory approvals progressing and completion expected in the third quarter of 2026.
The FTSE 250 group also completed the integration of Citi's global fiduciary and trust administration business and Kleinwort Hambros Trust Company during the period.
"The integration of the Citi Trust and KHT acquisitions has been achieved as planned and further strengthened our global platform," said chief executive Nigel Le Quesne.
"We remain well positioned to continue growing both organically and through further disciplined acquisitions."
At 1200 BST, shares in JTC were flat at 1,324p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.