Jarvis Securities expects pre-tax profit for the year ended 2017 will be significantly above current market forecasts.

Jarvis said pre-tax profit for the four months to April had increased significantly compared to the corresponding period last year.

It said during this period revenues had increased 25% driven by organic growth in the business and improved market conditions.

In the same period costs had increased 7%.

The company said the board had declared a second quarterly interim dividend of 6p per share, to be paid on 8 June to shareholders on the register on 19 May.

Chief executive Andrew Grant said: "I am delighted to be able to announce such a positive trading update.

"Market volumes have remained consistently buoyant since the conclusion of the Brexit referendum and we continue to add both institutional and retail clients to our business.

"For our shareholders a growing business means growing dividends, and we anticipate the total 2017 dividend payment will be well above current market expectations."

At 9:39am: (LON:JIM) Jarvis Securities PLC share price was +47.5p at 465p