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UK's ICG rises on upbeat half-year results

By Reuters News

** Shares of asset manager ICG ICGIN.L rise 3.2% to 2,016p, among top gainers on London's FTSE 100 index .FTSE, which is up 0.28%

** Co posts H1 group profit before tax of £287.3 million($383.46 million) vs company compiled consensus of £268 million

** ICG reports H1 net debt of £93 million, announces target of maintaining zero net debt over medium term

** Panmure Liberum analyst says, "A solid set of numbers that reinforces our view of a widening valuation opportunity"

** Co reports AUM of $145 billion and fee-earning AUM of $90 billion as at September 30, up 9% in last twelve months

** YTD stock down about 2%, while FTSE is up 8.56%



($1 = 0.7492 pounds)

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