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Financial services sector saw business grow in last quarter

The financial services sector saw a strong rise in business over the last quarter but firms expect the pace of growth to slow in the New Year, according to a survey published today by the Confederation of British Industry and PricewaterhouseCoopers.

Over the last quarter of 2000, 45 per cent of firms saw business volumes increase, compared to 15 per cent which saw a drop.

Banks and general insurers saw the biggest increases, while securities traders, fund managers and financial houses saw marked declines.

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