STOCK WATCH

FINANCIAL services firm JTC saw shares rise 10pc after reporting its first results since it floated.

JTC, which manages funds for ultra-rich clients, went public in March last year. Yesterday it said sales had risen from £59.8m to £77.3m for the year, with losses narrowing from £3.6m to £2.1m.

Chief executive Nigel Le Quesne owns nearly 9.3pc of shares in the company.

After the announcement, JTC shares climbed 10pc, or 30p, to 330p.