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Tullett profits treble as Prebon pays off

Tullett Prebon is focusing on revenue growth after trebling net profits to £84m (€123m) last year, as the interdealer broker, which was demerged from Collins Stewart Tullett's stockbroking business three months ago, finished integrating Prebon and hailed its recovery in Asia.

Profits from continuing operations, which do not include the businesses that were transferred to the Collins Stewart stockbroking unit in the December demerger, surged from £28m in 2005.

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