Results – Page 122
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NewsBarbon returns to operating profit and closes Glasgow office
Carlyle-backed management buy-out completed last week
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NewsWillis share price rebounds following Towers Watson deal
Broker’s shares up 3.3% in yesterday’s trading
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NewsQuindell unit buyer Slater and Gordon in accounting error probe
Mistakes not related to law firm’s acquisition of Quindell’s professional services division
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NewsPremium finance firm Bexhill’s parent in £20.5m flotation
£10m IPO proceeds will help company lend more to brokers and take on bigger rivals
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NewsQuindell could face fraud probe over accounting
Serious Fraud Office is ‘liaising with regulators’ over the situation
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NewsQuindell delays publication of results over ‘complexity’
Insurance outsourcer had originally planned to release accounts on 30 June
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NewsBrokers enjoy boost in business volumes and confidence in Q2
But investment in technology will continue to put pressure on profitability, PwC/CBI survey finds
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NewsTowergate made £804m loss in 2014 after £553m goodwill write-down
Results also hit by 146% jump in operating costs
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NewsTowergate paid £16.7m for Arista
Broker also received £1.9m in proceeds for the sale of Folgate
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NewsETV and client money probes cost Towergate £1.1m in Q1
Exceptional costs pushed broker to £33.5m pre-tax loss in quarter
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NewsTowergate underlying profit halves in first quarter
But chief executive Scott Egan insists the company is over the worst and does not plan further cost cuts
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NewsBluefin appoints interim finance chief following Philip departure
Broker to replace chief operating officer role with chief financial officer position
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NewsMotor insurers will return to loss in 2015 - EY
Insurers make underwriting profit for second year running, but this will be ‘short-lived’
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NewsFCA plan to measure GI value prompts mixed response
DST says examining value for money alone is a ‘mistake’
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NewsSaffron reports sixfold rise in profits
Growth reflects increase in income and a managed reduction in overheads following a review in 2013
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NewsFCA investigating Quindell over financial statements
Insurance outsourcer suspends share trading on AIM
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Online onlyNewbridge launches political violence underwriting cell on MGA platform
The underwriting cell will focus on international terrorism risks
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NewsS&P: Insurers face higher costs if UK leaves EU
Exit could ‘significantly dent’ UK’s trade surplus from insurance and financial services
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NewsR&Q expects return to profit in second half of 2015
Chief executive Ken Randall hails ‘exceptional pipeline’ of new business opportunities
