NUCLEUS Financial has gown assets under administration on its online platforms by around eight per cent in the latest quarter.

Edinburgh-based Nucleus said while the coronavirus crisis had weighed on market sentiment in the three months to December 31, assets under administration rose to £17.4bn. That represented an increase of 8.1% on the previous quarter and 7.9% on the same period in the preceding year.

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Nucleus noted that the FTSE All-Share Index increased 11.9% on the third quarter and fell by 12.5% year-on-year.

Chief executive David Ferguson said: “Our springtime decision to continue investing through the pandemic has allowed us to enter 2021 with great momentum, albeit remaining cognisant of the ongoing uncertainty in the external environment.”

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Last month Nucleus said it was in talks regarding four potential bids for the firm. Three of the four potential bidders announced subsequently that they dad not intend to make an offer for Nucleus.