Cenkos soars after update

Tim Wallace
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BROKING firm Cenkos will see profits soar this year, it said yesterday, in part thanks to landing the top role on the lucrative AA flotation.

As sole co-ordinator and bookrunner on the AA deal, it can expect to earn £30m on the sale.

The small- and mid-cap specialist gave a trading update indicating revenues and profits are on track to be “significantly higher than market expectations for the current year”.

Cenkos’ shares rose 6.63 per cent.