Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Bonham Carter sells £4.4 million Jupiter stake

1 Comment
Bonham Carter sells £4.4 million Jupiter stake

Jupiter chief executive Edward Bonham Carter has sold one million shares in the firm.

The transaction on 28 February came at 436.3818p per share, giving the disposal a value of around £4.36 million. It is the first time Bonham Carter has sold shares in Jupiter since last March, when he put a £750,000 stake on the market.  

Bonham Carter, who is handing over the reins to Maarten Slendebroek on 17 March, continues to hold a little more than 12 million shares in Jupiter, accounting for a 2.62% interest, and remains a top 10 shareholder.

The news follows a strong trading update from Jupiter last week, in which it revealed pre-tax profit surged by 55% to £114.1 million and accompanied the news with a 43% hike in its dividend.

Shares in Jupiter ended last week at 436.8p, just shy of their 52-week high of 447.6p.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter