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Technology recruitment specialist Harvey Nash today said that growth in numbers of financial firms looking to move out of London was benefiting cities such as Glasgow.

In a trading update for the year to 30 January the Aim-quoted firm, which has offices in both Glasgow and Edinburgh, said demand for technology skills from firms was offsetting Brexit uncertainty.

Gross profit in its UK and Ireland business is up by 6% and it said the strong performance was also driven by activity outside of London, as a number of financial and professional services firms looked to relocate outside of the capital, with Glasgow, the Midlands and Birmingham increasingly popular places for major firms to increase their operations.

Chief executive Albert Ellis said:

"I am very pleased to report that the outturn in the last financial year is expected to be in line with market expectations which were revised upwards on three occasions during the year. Last year was an important one for the group, in which we initiated a transformation programme to streamline and refocus the business and completed two acquisitions.

“Our acquired businesses are already contributing to the group's profitability alongside good levels of organic growth.”

Ellis added the firm had entered 2018 with a strong balance sheet and “well positioned to capitalise on the continued growth in demand for technology and digital skills”