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Aukett Fitzroy Robinson shares jump 20 per cent after 'good' results revealed

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Shares in Aukett Fitzroy Robinson have surged more than 20 per cent after a remarkable day of trading in the City.

The rocketing share price - up 1p to 7.25p - has been put down to the company's recent announcement that its first year results were 'at the higher end' of management expectations.

The company, which was formed following the merger of practices Aukett and Fitzroy Robinson last March, also revealed that it had succeeded in reducing its debt levels in the second half of the current financial year by £1 million.

As a result the company is trading without relying on its overdraft facilities. According to a company statement the practice has 'a strong order book' and expects to make 'further announcements in respect to recent contract gains' shortly.

by Richard Waite

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