Share Plc's FY pre-tax profit boosted by LSE partial-stake sale

Share Plc's stocks are up almost 2% a £2.1m one-off net gain from the partial sale of shares in London Stock Exchange boosted its full-year pretax profit to £1.0m, from £0.9m a year earlier.

Its total dividend was 0.25p a share, from 0.74p a year ago. Share Plc described the results as slightly ahead of revised market expectations in what was a year of major investment.

"We made significant progress in 2016 across many fronts but in particular with our technology platform, customer proposition and commercial partnerships," said chairman Gavin Oldham.

"We view prospects for 2017 with a high degree of confidence and the Group is well positioned for revenue and underlying earnings growth," he added in a statement.

At 13:09 GMT, shares in AIM-listed Share Plc were up 1.84% to 27.75p each.