Canaccord on top after IPOs

Michael Bow
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BROKERAGE and advisory Canaccord Genuity yesterday said fourth quarter profits had risen four-fold since a year ago thanks to “exceptional” UK and US performance.

The Canadian company, which has a strong brokerage presence in London, said net income rose to C$25.9m (£14.1m) from C$6.42m for the three months ending March.

In London, the company has worked on stock market flotations including Poundland and is also working on the float of property website Zoopla.