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Something happened, now this stock is moving

Pendal Group Ltd (ASX:PDL) made an announcement and now the stock is trading 9.53% higher at 10am Sydney time.

Pendal Group Ltd has announced solid half year results showing robust growth has been achieved across key metrics. For the half, Pendal reported underlying EPS up 34% on the PCP, underlying profit after tax up 59% on the PCP, interim dividend of 21c/share up 24% on the PCP and a 31% rise in revenue to $362.6m for the half.

Following today’s announcement, Pendal Group shares are now down 6.41% year-to-date.

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