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AJ Bell reports 50% surge in profits

Interest rates continue to favour the share trading platform as cash earned on customer deposits rolls in
December 7, 2023
  • Interest rates boost the bottom line
  • Attracting inflows of £4.1bn

Share platform provider AJ Bell (AJB) seems to have perfected the art of passive income after a 50 per cent surge in profits, matched by a 46 per cent dividend hike, left the strong impression that higher interest rates are a very good thing indeed for companies that hold vast amounts of (other people’s) money. 

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