Aberdeen tops FTSE 100 after profits jump 14%

Shares in Aberdeen Asset Management led the FTSE 100 leaders board this morning after the group saw profits climb 14%.

Reporting its half-year results to the end of March, the asset manager said underlying profits had risen to £162.6m. Meanwhile assets under management increased 9% to £184.7bn, with revenues up 7% to £413.1m. Chief executive Martin Gilbert (pictured) said: "Aberdeen has achieved further growth in revenue and profit in the first half year, continuing the momentum of 2010 and 2011. Our blended average fee rate has been improved by strong inflows into key products and AUM has grown by 9% since our last year end." He cautioned the global economy still faces a difficult recovery, but ad...