Improved markets, revenue growth and asset inflows over the six months to the end of June enabled the UK manager to reduce its bank loan, and the chief executive is keen to continue expanding.

In its interim report published this morning, Jupiter announced it had increased dividends by 40% to 3.5p for 2013. Net revenue rose to £140.3 million for the six months to the end of June, up 19% from a year earlier. Pre-tax profit increased by 89% to £59.1 million.