Interim dividend of 3.25 pence a share to be paid

Insurance professional services provider Charles Taylor has reported steady profits before tax of £4.1m for the first half of 2014.

But profit from the companies professional services work has fallen by 5.5% to £5.6m (H1 2013: £6m). This was largely driven by an “unusually low level of insured losses across the whole insurance market over the first half of 2014”.

Group chief executive David Marock said: “Charles Taylor has had a steady start to 2014. Our Professional Services businesses have delivered a result in line with the prior year. This was a result of the strong performance of Management Services and Insurance Support Services and despite the impact of the benign claims environment on our Adjusting Services business and the strength of sterling.”

Charles Taylor has also announced an interim dividend of 3.25 pence a share to be paid in November 2014.