Shares in finance house Private & Commercial (PCF) surged by 1.25p to 9.75p after announcing a 48% rise in pre-tax profits to 0.5 million pounds for the six months to September. The numbers were driven by new business growth and loan loss provisions falling by 14%. To further boost growth the company is looking at applying for a deposit-taking licence. House broker Daniel Stewart has an 18p target price on the shares.
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