Close Brothers reported a pretax profit of £94.8 million in the six months up to 31st January 2014, a 22% rise from the same £78 million earned in the same period last year.

Assets under management (AuM) also rose 2% to £9.3 billion, up from £9.1 billion in the first half of their last financial year. However, this is a slight drop from the £9.5 billion AuM they reported on the 31st December 2013.

Preben Prebensen, chief executive, said: "Close Brothers has delivered another strong result with good growth across all of our divisions in the period. We remain confident in our strategy and continue to see good opportunities for growth in our niche markets."