LOOSE CHANGE

LOOSE CHANGE

Money brokers Exco, which has been part of the collapsed British & Commonwealth group since 1986, is returning to the stock market in July in a flotation which is likely to value the company at more than £200 million. Exco whose origins go back to 1931 when Astley & Pearce started as a foreign exchange broker, was first floated in 1981. "A return to public status will remove the uncertainty over our ownership," says Exco chief executive Ron Sandler. Exco last week reported a 52 per cent rise in

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