LEADING spread betting company Spreadex has moved with nearly 100 workers to St Albans.

The company has moved from Dunstable to the Ziggurat Building in Grosvenor Road in a £1.1 million relocation.

Managing director Jonathan Hufford said: "We're delighted to be in St Albans and we see it as a perfect location as it is very much a commuter city.

"We are a financial trading company with a lot of our business based in the City on the stock markets.

"The population of St Albans is made up of a lot of commuters, so anyone looking for a lifestyle change or for a job a bit closer to home, I would say simply Come and join Spreadex.'"

The business has grown rapidly as customers are tempted to bet on sports events, share prices and commodities on-line, and the new base has space for further expansion.

Speadex offers a "spread" of possible outcomes - for example the England cricket team will score between 300 and 345 runs in their first innings of the second test- with clients placing bets on the result.