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First Derivatives profits

Financial software and consulting company First Derivatives posted a 24pc year-on-year jump in pre-tax profit in the six months to the end of August.

The company said strong growth in its consulting business brought new customers on board.

First Derivatives recently purchased a majority stake in big data company Kx Systems, and chairman Seamus Keating (left) said that First Derivatives expects the transaction to spur "a modest enhancement to adjusted earnings in the current year".