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Jupiter Fund Management PLC on Wednesday said it is launching a fresh round of buybacks worth up to £30 million. The London-headquartered asset manager will repurchase shares equivalent to the lower of £30 million or 3% of issued capital, excluding costs and stamp duty. The buyback programme will run from Wednesday to October 8 at the latest. All repurchased shares will be cancelled, with the aim of the programme being a reduction in share capital. Deutsche Bank AG’s London branch will carry out the buybacks on Jupiter Fund Management’s behalf, with the latter having no power to invoke changes to the programme. Jupiter Fund Management shares rose 6.7% to 167.97 pence on Wednesday morning in London. The FTSE 250 listing’s stock has more than doubled over the past year. Its latest buyback scheme follows a strong 2025, with higher profit and revenue leading the company to raise the final dividend to 2.3 pence from 2.2p. The total ordinary dividend was down to 4.4p from 5.4p on-year, but the company also declared a 5.7p special dividend for 2025, lifting the overall payout to 10.1p, or 87% ahead of the year prior. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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