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Stock Market & Financial Investment News

News Breaks
March 25, 2014
05:52 EDTINTLINTL FCStone to consolidate two UK subsidiaries
INTL FCStone announced that it has received regulatory approval from the UK Financial Conduct Authority to consolidate the businesses of its two UK subsidiaries, INTL FCStone Ltd and INTL Global Currencies Ltd. Philip Smith, Chief Executive Europe, Middle East and Africa, said, "Following a record quarter, INTL FCStone's UK based businesses are growing at a very encouraging rate. The next stage of consolidation during 2014 will be to incorporate our global precious metals businesses currently operating through our various international offices. Last year we transacted in more than 300 tons of physical precious metals and consider ourselves to be one of the largest importers of precious metals into the Indian sub-continent."
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