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Investment bank rise on tech-stocks

Investment bank Close Brothers saw its first-half profit boosted by the surge in technology and smaller company stocks.


Close said profits for the months to January 31 before tax and other costs would be more than double the same period last year, expecting to earn in excess of £72.5m compared with £33.2m in the previous year.


Close managing director Rod Kent says: “One of the reasons we believe for the increase in this overall activity is the ease of dealing which new technology provides for private investors.”

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