JP Morgan Cazenove, the UK investment banking joint venture, said today that revenues from its first year as a joint venture climbed 18% to £342m (€502m).

The joint venture was struck in February last year after JP Morgan, the US investment bank, and Cazenove, the UK stockbroker, agreed in November 2004 to join forces.

Jonathan Sibun

JP Morgan

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JP Morgan Cazenove revenues rise 18%

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