Hyperion CEO: £84.1m loss "does not tell story of the group"

Models of people representing mergers and acquisitions

CEO says the group will focus on the expertise and knowledge it possesses following acquisitions.

Hyperion chief executive officer David Howden said the £81.4m accounting loss the group posted for its latest financial year doesn't give a true picture of the firm's prospects.

The loss, for the 12 months to the end of September 2015, was put down to the impact of non-recurring and acquisition costs in the company's full-year results.

Revenue increased by 50% to £299m last year (2014: £199m) while Ebitda rose 31% to £56.7m (2014: £43.2m).

Howden was upbeat about the group's prospects and

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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